SM Energy (SM) Rating Lowered to Strong Sell at ValuEngine

SM Energy (NYSE:SM) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also recently issued reports on SM. Royal Bank of Canada restated a “hold” rating and set a $24.00 price target on shares of SM Energy in a report on Wednesday, January 10th. Robert W. Baird set a $35.00 price target on SM Energy and gave the stock a “buy” rating in a report on Wednesday, January 10th. Williams Capital restated a “buy” rating and set a $39.00 price target on shares of SM Energy in a report on Wednesday, January 10th. KeyCorp reiterated an “overweight” rating and issued a $31.00 target price (up from $26.00) on shares of SM Energy in a report on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 target price on SM Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $27.81.

SM Energy (NYSE:SM) opened at $21.43 on Tuesday. The stock has a market capitalization of $2,390.00, a P/E ratio of -6.30 and a beta of 2.94. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.63. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20.

A number of large investors have recently modified their holdings of SM. EnCap Energy Capital Fund IX L.P. bought a new position in SM Energy during the 4th quarter valued at $180,780,000. Millennium Management LLC lifted its stake in SM Energy by 16.9% during the 4th quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock valued at $151,335,000 after acquiring an additional 988,583 shares in the last quarter. Mackenzie Financial Corp lifted its stake in SM Energy by 141.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock valued at $36,977,000 after acquiring an additional 979,685 shares in the last quarter. State Street Corp lifted its stake in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after acquiring an additional 780,106 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in SM Energy by 39.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock valued at $48,725,000 after acquiring an additional 773,741 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

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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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