The stock of SM Energy Co (NYSE:SM) is a huge mover today! About 3.24 million shares traded hands or 9.09% up from the average. SM Energy Co (NYSE:SM) has risen 126.04% since March 15, 2016 and is uptrending. It has outperformed by 120.55% the S&P500.
The move comes after 6 months positive chart setup for the $3.31 billion company. It was reported on Oct, 18 by Barchart.com. We have $61.02 PT which if reached, will make NYSE:SM worth $1.82B more.
Analysts await SM Energy Co (NYSE:SM) to report earnings on October, 25. They expect $-0.60 earnings per share, down 76.47% or $0.26 from last year’s $-0.34 per share. After $-0.44 actual earnings per share 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. SM Energy has been the topic of 41 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Topeka Capital Markets on Tuesday, October 13. The stock has “Buy” rating given by Topeka Capital Markets on Wednesday, October 28. As per Friday, March 11, the company rating was maintained by Deutsche Bank. The rating was downgraded by Stifel Nicolaus on Wednesday, April 6 to “Hold”. Howard Weil upgraded SM Energy Co (NYSE:SM) on Tuesday, October 4 to “Sector Outperform” rating. The stock of SM Energy Co (NYSE:SM) earned “Sector Perform” rating by Howard Weil on Monday, December 14. The firm has “Buy” rating given on Wednesday, February 24 by Topeka Capital Markets. The stock has “Buy” rating given by Guggenheim on Monday, November 2. Topeka Capital Markets maintained the stock with “Buy” rating in Wednesday, January 20 report. The company was upgraded on Wednesday, August 10 by KeyBanc Capital Markets.
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 Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio dived, 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.
Kennedy Capital Management Incorporated holds 0.07% or 120,636 shares in its portfolio. Carlson Capital Lp last reported 0.03% of its portfolio in the stock. The New York-based Metropolitan Life Insurance Ny has invested 0.01% in SM Energy Co (NYSE:SM). Ameritas Inv Prtnrs, a Nebraska-based fund reported 10,764 shares. Bnp Paribas Arbitrage Sa reported 38,123 shares or 0% of all its holdings. Key Grp (Cayman) Limited has 6.1% invested in the company for 2.59 million shares. Atlantic Tru Group Inc Ltd Llc owns 105,628 shares or 0.02% of their US portfolio. Advisory Research Inc accumulated 0.37% or 786,753 shares. First Mercantile accumulated 31,200 shares or 0.1% of the stock. Scepter holds 0.18% or 21,006 shares in its portfolio. The California-based Aperio Group Inc Limited Liability has invested 0.01% in SM Energy Co (NYSE:SM). Balyasny Asset Management Limited Liability Corp last reported 0.11% of its portfolio in the stock. Barclays Public Limited Co has invested 0% of its portfolio in SM Energy Co (NYSE:SM). Aqr Cap Ltd Limited Liability Company, a Connecticut-based fund reported 687,032 shares. Blackrock Fund Advisors reported 2.48M shares or 0.01% of all its holdings.
Insider Transactions: Since September 29, 2016, the stock had 0 buys, and 1 sale for $26,440 net activity. Knott Kenneth J. sold 661 shares worth $26,440.
More news for SM Energy Co (NYSE:SM) were recently published by: Reuters.com, which released: “SM Energy to buy Permian Basin acreage for $1.6 billion” on October 18, 2016. Benzinga.com‘s article titled: “Benzinga’s Top Upgrades” and published on October 18, 2016 is yet another important article.
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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