Can SM Energy Company (SM)’s Tomorrow be Different? The Stock Declines Again

SM Energy Company (NYSE:SM) Logo

Investors sentiment decreased to 1.14 in Q2 2019. Its down 0.05, from 1.19 in 2019Q1. It dropped, as 27 investors sold SM Energy Company shares while 60 reduced holdings. 30 funds opened positions while 69 raised stakes. 107.71 million shares or 5.61% more from 101.99 million shares in 2019Q1 were reported.
Jane Street Gp Lc invested in 0% or 10,555 shares. Moreover, Charles Schwab Management has 0.01% invested in SM Energy Company (NYSE:SM) for 739,625 shares. Jpmorgan Chase & Com stated it has 0% of its portfolio in SM Energy Company (NYSE:SM). Tudor Investment Corp Et Al invested 0.02% of its portfolio in SM Energy Company (NYSE:SM). Matarin Capital Management Ltd Company reported 19,360 shares or 0.02% of all its holdings. 1.25M were reported by Ameriprise Financial. Macquarie Group Ltd stated it has 0.09% of its portfolio in SM Energy Company (NYSE:SM). Oslo Asset Mgmt As accumulated 2.96 million shares. Arrowstreet Cap Partnership stated it has 113,300 shares. Comerica Bankshares has invested 0% in SM Energy Company (NYSE:SM). Assetmark invested in 53 shares or 0% of the stock. 110,702 are owned by Trexquant L P. Cypress Mngmt Ltd Co (Wy) invested in 12,650 shares or 0.19% of the stock. Moreover, Metropolitan Life New York has 0.01% invested in SM Energy Company (NYSE:SM). First Trust Limited Partnership invested in 0.02% or 759,209 shares.

Since May 7, 2019, it had 2 buys, and 0 insider sales for $200,271 activity. Shares for $73,150 were bought by Ottoson Javan D on Tuesday, May 7.

The stock of SM Energy Company (NYSE:SM) is a huge mover today! The stock decreased 2.18% or $0.22 during the last trading session, reaching $9.64. About 2.81 million shares traded. SM Energy Company (NYSE:SM) has declined 64.02% since September 13, 2018 and is downtrending. It has underperformed by 64.02% the S&P500.
The move comes after 7 months negative chart setup for the $1.09 billion company. It was reported on Sep, 13 by Barchart.com. We have $9.25 PT which if reached, will make NYSE:SM worth $43.48 million less.

Analysts await SM Energy Company (NYSE:SM) to report earnings on November, 7. They expect $-0.05 EPS, down 400.00 % or $0.04 from last year’s $-0.01 per share. After $0.02 actual EPS reported by SM Energy Company for the previous quarter, Wall Street now forecasts -350.00 % negative EPS growth.

SM Energy Company (NYSE:SM) Ratings Coverage

Among 6 analysts covering SM Energy (NYSE:SM), 2 have Buy rating, 1 Sell and 3 Hold. Therefore 33% are positive. SM Energy has $27 highest and $900 lowest target. $14.33’s average target is 48.65% above currents $9.64 stock price. SM Energy had 13 analyst reports since March 29, 2019 according to SRatingsIntel. The rating was downgraded by Barclays Capital to “Underweight” on Monday, July 1. The rating was reinitiated by Stephens with “Overweight” on Tuesday, June 18. As per Wednesday, June 19, the company rating was maintained by FBR Capital. Barclays Capital maintained SM Energy Company (NYSE:SM) rating on Friday, August 30. Barclays Capital has “Underweight” rating and $900 target.

More notable recent SM Energy Company (NYSE:SM) news were published by: Finance.Yahoo.com which released: “Easy Come, Easy Go: How SM Energy (NYSE:SM) Shareholders Got Unlucky And Saw 87% Of Their Cash Evaporate – Yahoo Finance” on July 17, 2019, also Finance.Yahoo.com with their article: “SM Energy Company (NYSE:SM) Insiders Increased Their Holdings – Yahoo Finance” published on May 20, 2019, Finance.Yahoo.com published: “Why You Should Care About SM Energy Company’s (NYSE:SM) Low Return On Capital – Yahoo Finance” on September 09, 2019. More interesting news about SM Energy Company (NYSE:SM) were released by: Nasdaq.com and their article: “Why Oil Stocks Are Getting Pummeled Today – Nasdaq” published on August 14, 2019 as well as Finance.Yahoo.com‘s news article titled: “SM Energy Company (NYSE:SM) Investors Should Think About This Before Buying It For Its Dividend – Yahoo Finance” with publication date: June 17, 2019.

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 onshore North America. The company has market cap of $1.09 billion. It primarily has activities in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions. It has a 23.16 P/E ratio. As of December 31, 2016, the firm had 395.8 million barrels of oil equivalent of estimated proved reserves; and working interests in 841 net productive oil wells and 704 net productive gas wells.

SM Energy Company (NYSE:SM) Institutional Positions Chart

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