Shares of SM Energy Co (NYSE:SM) have received a consensus rating of “Buy” from the twenty-five analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.42.
A number of analysts recently issued reports on SM shares. Zacks Investment Research downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd. Royal Bank of Canada set a $41.00 price target on shares of SM Energy and gave the stock a “hold” rating in a report on Friday, February 24th. Deutsche Bank AG lowered their price target on shares of SM Energy from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, March 7th. Stifel Nicolaus raised shares of SM Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $51.00 in a report on Thursday, December 1st. Finally, Wolfe Research raised shares of SM Energy from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 1st.
In other SM Energy news, Director William D. Sullivan bought 10,000 shares of SM Energy stock in a transaction dated Monday, February 27th. The stock was acquired at an average cost of $25.69 per share, for a total transaction of $256,900.00. Following the completion of the transaction, the director now directly owns 70,279 shares of the company’s stock, valued at $1,805,467.51. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Herbert S. Vogel bought 2,000 shares of SM Energy stock in a transaction dated Wednesday, March 8th. The stock was acquired at an average price of $23.10 per share, with a total value of $46,200.00. Following the completion of the transaction, the executive vice president now directly owns 31,037 shares of the company’s stock, valued at $716,954.70. The disclosure for this purchase can be found here. Insiders bought 20,000 shares of company stock valued at $500,100 over the last quarter. Company insiders own 1.70% of the company’s stock.
Several large investors have recently modified their holdings of the stock. Fox Run Management L.L.C. acquired a new stake in shares of SM Energy during the third quarter worth approximately $617,000. Capstone Asset Management Co. boosted its stake in shares of SM Energy by 9.6% in the third quarter. Capstone Asset Management Co. now owns 12,356 shares of the energy company’s stock worth $477,000 after buying an additional 1,080 shares during the period. MSI Financial Services Inc boosted its stake in shares of SM Energy by 35.0% in the third quarter. MSI Financial Services Inc now owns 20,938 shares of the energy company’s stock worth $808,000 after buying an additional 5,430 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of SM Energy by 369,433.3% in the third quarter. Meeder Asset Management Inc. now owns 11,086 shares of the energy company’s stock worth $428,000 after buying an additional 11,083 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of SM Energy by 28.2% in the third quarter. Nationwide Fund Advisors now owns 155,318 shares of the energy company’s stock worth $5,992,000 after buying an additional 34,185 shares during the period. Institutional investors and hedge funds own 88.28% of the company’s stock.
Shares of SM Energy (NYSE:SM) opened at 21.92 on Thursday. SM Energy has a 12-month low of $16.24 and a 12-month high of $43.09. The stock has a 50 day moving average of $24.71 and a 200-day moving average of $32.61. The company’s market capitalization is $2.44 billion.
About SM Energy
SM Energy Company is an independent energy company. The Company 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 Company operates in the exploration and production segment of the oil and gas industry within the United States.
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