SM Energy (NYSE:SM) was down 5.3% during trading on Thursday following insider selling activity. The company traded as low as $13.65 and last traded at $13.82. Approximately 4,752,578 shares traded hands during trading, a decline of 11% from the average daily volume of 5,312,026 shares. The stock had previously closed at $14.60.Specifically, Director Rose M. Robeson sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 23rd. The stock was sold at an average price of $12.96, for a total transaction of $51,840.00. Following the transaction, the director now directly owns 66,328 shares of the company's stock, valued at approximately $859,610.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.
SM has been the topic of a number of recent analyst reports. Barclays lowered SM Energy from an "equal weight" rating to an "underweight" rating and set a $3.00 target price on the stock. in a research report on Thursday, January 14th. Raymond James reaffirmed a "hold" rating on shares of SM Energy in a research report on Wednesday, November 4th. JPMorgan Chase & Co. raised SM Energy from an "underweight" rating to a "neutral" rating and set a $13.00 target price on the stock in a research report on Wednesday, February 3rd. MKM Partners upped their target price on SM Energy from $5.00 to $7.00 and gave the company a "buy" rating in a research report on Tuesday, November 3rd. Finally, Stifel Nicolaus upped their price target on SM Energy from $5.00 to $8.00 and gave the company a "buy" rating in a research report on Tuesday, December 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of "Hold" and an average target price of $6.79.
The company has a market cap of $1.59 billion, a P/E ratio of -2.23 and a beta of 6.60. The company has a 50 day moving average price of $10.08 and a 200-day moving average price of $4.85. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.08.
SM Energy (NYSE:SM) last released its quarterly earnings results on Tuesday, February 16th. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.07 by ($0.05). SM Energy had a negative return on equity of 1.40% and a negative net margin of 55.76%. On average, research analysts expect that SM Energy will post -0.21 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in SM Energy by 1.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 70,036 shares of the energy company's stock valued at $429,000 after buying an additional 995 shares in the last quarter. Comerica Bank boosted its stake in SM Energy by 1.6% during the fourth quarter. Comerica Bank now owns 119,757 shares of the energy company's stock valued at $1,068,000 after buying an additional 1,847 shares in the last quarter. Ellevest Inc. boosted its stake in SM Energy by 68.6% during the fourth quarter. Ellevest Inc. now owns 10,593 shares of the energy company's stock valued at $65,000 after buying an additional 4,311 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in SM Energy by 55.8% during the third quarter. Envestnet Asset Management Inc. now owns 21,529 shares of the energy company's stock valued at $34,000 after buying an additional 7,707 shares in the last quarter. Finally, 1492 Capital Management LLC boosted its stake in SM Energy by 7.0% during the third quarter. 1492 Capital Management LLC now owns 124,594 shares of the energy company's stock valued at $198,000 after buying an additional 8,167 shares in the last quarter. 68.87% of the stock is owned by institutional investors.
About SM Energy (NYSE:SM)
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in the state of Texas. As of December 31, 2019, the company had 462.0 million barrels of oil equivalent of estimated proved reserves; and working interests in 807 gross productive oil wells and 519 gross productive gas wells in the Midland Basin and South Texas.
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