Bullish Options Activity on SM Energy Co Surges After Better Fundamentals

 Bullish Options Activity on SM Energy Co Surges After Better Fundamentals

In today’s session SM Energy Co (SM) registered an unusually high (1,275) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SM increase. With 1,275 contracts traded and 28104 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SM170120C00045000 closed last at: $3.7 or 9.8% down. About 109,384 shares traded hands. SM Energy Co (NYSE:SM) has risen 157.80% since March 10, 2016 and is uptrending. It has outperformed by 150.28% the S&P500.

Analysts await SM Energy Co (NYSE:SM) to report earnings on October, 25. They expect $-0.60 EPS, down 76.47% or $0.26 from last year’s $-0.34 per share. After $-0.44 actual EPS reported by SM Energy Co for the previous quarter, Wall Street now forecasts 36.36% negative EPS growth.

SM Energy Co (NYSE:SM) Ratings Coverage

Out of 18 analysts covering SM Energy (NYSE:SM), 10 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 56% are positive. $59 is the highest target while $14 is the lowest. The $30 average target is -24.15% below today’s ($39.55) stock price. SM Energy has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Thursday, August 4. The stock of SM Energy Co (NYSE:SM) earned “Hold” rating by Stifel Nicolaus on Wednesday, April 6. Howard Weil downgraded the stock to “Sector Perform” rating in Monday, December 14 report. On Tuesday, August 30 the stock rating was upgraded by Seaport Global to “Buy”. The rating was maintained by Deutsche Bank with “Hold” on Friday, March 11. The company was upgraded on Tuesday, January 19 by CapitalOne. The firm has “Outperform” rating by Raymond James given on Wednesday, July 29. The firm has “Buy” rating by KLR Group given on Tuesday, August 9. Guggenheim downgraded the stock to “Neutral” rating in Thursday, April 21 report. The stock has “Buy” rating given by Topeka Capital Markets on Tuesday, October 13.

According to Zacks Investment Research, “SM Energy Company, formerly known as St. Mary Land & Exploration Company, is an independent energy company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil. The Company operates in the areas: Mid-Continent, Rocky Mountains, ArkLaTex, Permian Basin, and Gulf Coast regions which are operated out of its offices in Tulsa, Oklahoma; Billings, Montana; Shreveport, Louisiana; Midland, Texas; and Houston, Texas, respectively. SM Energy Company is based in Denver, Colorado.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in 2016 Q2. Its down 0.09, from 1.01 in 2016Q1. The ratio is negative, as 25 funds sold all SM Energy Co shares owned while 80 reduced positions. 32 funds bought stakes while 65 increased positions. They now own 71.53 million shares or 13.24% less from 82.45 million shares in 2016Q1.
Moreover, Morgan Stanley has 0% invested in SM Energy Co (NYSE:SM) for 238,205 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys has 13,103 shares for 0.01% of their US portfolio. Moreover, Parametric Assoc Ltd Limited Liability Company has 0% invested in SM Energy Co (NYSE:SM) for 108,291 shares. Deutsche Retail Bank Ag has 0.01% invested in the company for 282,926 shares. Rhumbline Advisers holds 0.01% of its portfolio in SM Energy Co (NYSE:SM) for 109,418 shares. Price T Rowe Md holds 0% of its portfolio in SM Energy Co (NYSE:SM) for 71,844 shares. New York State Common Retirement Fund owns 439,821 shares or 0.02% of their US portfolio. Nationwide Fund Advsr has 121,133 shares for 0.01% of their US portfolio. American National Bank & Trust accumulated 0.02% or 1,870 shares. Great West Life Assurance Can owns 6,522 shares or 0% of their US portfolio. Bryn Mawr Trust holds 0.15% or 87,543 shares in its portfolio. Aperio Gp Ltd Llc has invested 0.01% of its portfolio in SM Energy Co (NYSE:SM). South Texas Money Ltd has 9,265 shares for 0.01% of their US portfolio. Proshare Advsrs Ltd Liability Company accumulated 12,979 shares or 0% of the stock. Sei Invs last reported 0% of its portfolio in the stock.

Insider Transactions: Since September 29, 2016, the stock had 0 insider purchases, and 1 insider sale for $26,440 net activity. 661 SM Energy Co (NYSE:SM) shares with value of $26,440 were sold by Knott Kenneth J..

SM Energy Company is an independent energy company. The company has a market cap of $3.29 billion. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It currently has negative earnings. The Firm operates in the exploration and production segment of the gas and oil industry within the United States.

SM Company Profile

SM Energy Company, incorporated on January 23, 1915, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Firm operates in the exploration and production segment of the gas and oil industry within the United States. The Company’s activities are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. The Firm has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells.

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