BMO Capital Markets Reiterates “$20.00” Price Target for SM Energy Company (SM)

BMO Capital Markets set a $20.00 price target on SM Energy Company (NYSE:SM) in a report issued on Saturday. The brokerage currently has a hold rating on the energy company’s stock.

Other equities research analysts have also issued reports about the company. Williams Capital reiterated a buy rating and set a $45.00 price objective on shares of SM Energy in a research note on Monday, April 17th. Royal Bank Of Canada set a $36.00 price objective on SM Energy and gave the stock a hold rating in a research note on Tuesday, April 25th. Scotiabank set a $19.00 price objective on SM Energy and gave the stock a hold rating in a research note on Saturday, July 1st. Bank of America Corporation initiated coverage on SM Energy in a research note on Wednesday, July 19th. They set a neutral rating and a $20.00 price objective for the company. Finally, Seaport Global Securities lowered SM Energy from a buy rating to a neutral rating and cut their price objective for the stock from $31.00 to $16.00 in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company. SM Energy currently has an average rating of Hold and an average price target of $35.05.

SM Energy (NYSE:SM) opened at 14.43 on Friday. The company’s market capitalization is $1.61 billion. SM Energy has a 52 week low of $13.76 and a 52 week high of $43.09. The company’s 50-day moving average price is $16.57 and its 200-day moving average price is $21.99.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company had revenue of $284.94 million during the quarter, compared to analyst estimates of $299.12 million. During the same period in the previous year, the business earned ($0.44) EPS. SM Energy’s quarterly revenue was down 16.6% on a year-over-year basis. Equities analysts forecast that SM Energy will post ($1.02) earnings per share for the current fiscal year.

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In other SM Energy news, EVP Herbert S. Vogel acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average cost of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the acquisition, the executive vice president now owns 32,637 shares of the company’s stock, valued at approximately $541,774.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Javan D. Ottoson acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 143,302 shares of the company’s stock, valued at approximately $2,355,884.88. The disclosure for this purchase can be found here. Corporate insiders own 0.89% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in SM Energy by 16.2% in the first quarter. Vanguard Group Inc. now owns 8,779,746 shares of the energy company’s stock worth $210,889,000 after buying an additional 1,226,564 shares during the period. Causeway Capital Management LLC boosted its position in SM Energy by 230.1% in the first quarter. Causeway Capital Management LLC now owns 6,909,664 shares of the energy company’s stock worth $189,801,000 after buying an additional 4,816,230 shares during the period. State Street Corp boosted its position in SM Energy by 15.7% in the first quarter. State Street Corp now owns 4,415,234 shares of the energy company’s stock worth $106,054,000 after buying an additional 600,265 shares during the period. Alliancebernstein L.P. boosted its position in SM Energy by 33.1% in the first quarter. Alliancebernstein L.P. now owns 3,993,599 shares of the energy company’s stock worth $95,926,000 after buying an additional 994,186 shares during the period. Finally, Reservoir Operations L.P. purchased a new position in SM Energy during the first quarter worth approximately $80,383,000. Hedge funds and other institutional investors own 97.34% of the company’s stock.

SM Energy Company Profile

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 in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

Analyst Recommendations for SM Energy (NYSE:SM)

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