SM Energy (NYSE:SM) Director Ramiro Peru Sells 24,553 Shares of Stock
by Scott Moore · The Cerbat GemSM Energy Company (NYSE:SM – Get Free Report) Director Ramiro Peru sold 24,553 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the completion of the transaction, the director directly owned 65,964 shares in the company, valued at $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
SM Energy Price Performance
Shares of SM stock traded up $0.55 during trading hours on Friday, reaching $33.80. The company had a trading volume of 3,023,391 shares, compared to its average volume of 6,155,469. SM Energy Company has a 12-month low of $17.45 and a 12-month high of $35.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 14.20 and a beta of 0.73. The stock has a fifty day moving average of $29.72 and a 200-day moving average of $23.36.
SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The firm’s revenue was up 75.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. On average, equities analysts anticipate that SM Energy Company will post 7.18 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on SM shares. Zacks Research raised shares of SM Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Wells Fargo & Company boosted their target price on shares of SM Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a research note on Friday, March 20th. Raymond James Financial raised shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Wednesday. Finally, Truist Financial upped their price objective on SM Energy from $38.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.79.
Get Our Latest Stock Analysis on SM Energy
Institutional Investors Weigh In On SM Energy
A number of institutional investors have recently made changes to their positions in SM. Royal Bank of Canada increased its holdings in SM Energy by 27.7% in the 1st quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock valued at $2,753,000 after purchasing an additional 19,965 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of SM Energy by 43.9% during the first quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock worth $4,370,000 after buying an additional 44,542 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of SM Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock worth $2,040,000 after buying an additional 2,969 shares during the period. NewEdge Advisors LLC grew its stake in shares of SM Energy by 44.9% in the first quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock valued at $97,000 after buying an additional 1,007 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of SM Energy in the first quarter valued at $222,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.
SM Energy Company Profile
SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.
The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.