What’s Propelling SM Energy Co to Increase So Much?

 What's Propelling SM Energy Co to Increase So Much?

In today’s session SM Energy Co (SM) registered an unusually high (788) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SM increase. With 788 contracts traded and 35464 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SM161216C00035000 closed last at: $1.45 or 47.3% down. About 1.06M shares traded hands. SM Energy Co (NYSE:SM) has declined 2.62% since April 27, 2016 and is downtrending. It has underperformed by 7.85% the S&P500.

Analysts await SM Energy Co (NYSE:SM) to report earnings on February, 28. They expect $-0.44 EPS, up 51.11% or $0.46 from last year’s $-0.9 per share. After $-0.37 actual EPS reported by SM Energy Co for the previous quarter, Wall Street now forecasts 18.92% negative EPS growth.

SM Energy Co (NYSE:SM) Ratings Coverage

Out of 18 analysts covering SM Energy (NYSE:SM), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. $59 is the highest target while $14 is the lowest. The $32.08 average target is -17.64% below today’s ($38.95) stock price. SM Energy has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of SM Energy Co (NYSE:SM) has “Buy” rating given on Monday, November 2 by Guggenheim. The company was upgraded on Tuesday, January 19 by CapitalOne. The firm earned “Buy” rating on Wednesday, February 24 by Topeka Capital Markets. The firm earned “Neutral” rating on Wednesday, December 9 by JP Morgan. PiperJaffray upgraded the shares of SM in a report on Monday, August 15 to “Overweight” rating. The rating was maintained by Topeka Capital Markets with “Buy” on Wednesday, January 20. The company was downgraded on Monday, December 14 by Howard Weil. The stock has “Buy” rating given by KLR Group on Tuesday, August 9. The stock of SM Energy Co (NYSE:SM) earned “Hold” rating by Deutsche Bank on Tuesday, June 14. The rating was maintained by Barclays Capital with “Overweight” on Thursday, August 4.

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 increased to 2.04 in Q2 2016. Its up 1.12, from 0.92 in 2016Q1. The ratio increased, 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, Federated Invsts Pa has 0% invested in SM Energy Co (NYSE:SM) for 22,694 shares. The Illinois-based Balyasny Asset Mgmt Ltd Llc has invested 0.11% in SM Energy Co (NYSE:SM). Weiss Asset Mgmt Ltd Partnership holds 0.08% of its portfolio in SM Energy Co (NYSE:SM) for 17,115 shares. Smith Asset L P holds 0.45% or 564,075 shares in its portfolio. First Tru Advisors L P owns 1.87M shares or 0.16% of their US portfolio. Ubs Asset Management Americas last reported 1.16M shares in the company. Ims Cap Mgmt last reported 6,000 shares in the company. Moreover, Sg Americas Secs Ltd Liability Company has 0% invested in SM Energy Co (NYSE:SM) for 18,228 shares. Texan Cap Management accumulated 20,565 shares or 0.25% of the stock. The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.03% in SM Energy Co (NYSE:SM). Meeder Asset Mgmt Incorporated last reported 3 shares in the company. Key Gp (Cayman) last reported 6.1% of its portfolio in the stock. Weaver C Barksdale And accumulated 0.01% or 187 shares. Thrivent Finance For Lutherans holds 0% or 38,745 shares in its portfolio. Lpl Limited Liability Corporation reported 25,246 shares or 0.01% of all its holdings.

Insider Transactions: Since September 29, 2016, the stock had 0 insider purchases, and 1 insider sale for $26,440 net activity. Knott Kenneth J. sold $26,440 worth of SM Energy Co (NYSE:SM) on Thursday, September 29.

SM Energy Company is an independent energy company. The company has a market cap of $3.26 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.

More notable recent SM Energy Co (NYSE:SM) news were published by: Nasdaq.com which released: “Strategy To YieldBoost SM From 0.3% To 13.5% Using Options” on October 27, 2016, also Fool.com with their article: “Here’s Why SM Energy Co. Slumped 13.6% in October” published on November 09, 2016, Forbes.com published: “Permian Mania Continues With SM Energy’s Purchase Of Properties From QStar For …” on October 18, 2016. More interesting news about SM Energy Co (NYSE:SM) were released by: Fool.com and their article: “Expectation-Beating Results Fuel a Big Bounce in SM Energy Co’s Stock” published on August 03, 2016 as well as Prnewswire.com‘s news article titled: “Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy …” with publication date: August 08, 2016.

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