D. E. Shaw & Co. LP recently announced the acquisition of new stake in SM Energy Company (NYSE:SM). The institutional investor has increased its shareholding in the Energy company by 59.36% to 5.23 million shares with purchase of 1.95 million shares. This fresh investment now brings its stake to 4.63% valued currently at $15.42 million. In addition, Millennium Management LLC raised its holdings by 1.07 million to 4.93 million shares. And Schneider Capital Management Corp.. has lifted its position by 376.10% or 3.59 million shares – to 4.55 million shares.
With over 5.36 million SM Energy Company (SM) shares trading Monday and a closing price of $2.43 on the day, the dollar volume was approximately $13.04 million. The shares have shown a negative weekly performance of -4.33% and its price on 08/31/20 lost nearly -6.90%. Currently, there are 113.01M common shares owned by the public and among those 106.78M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for SM have a consensus price objective of $4.69. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $3.00 should the stock experience a downside. Incidentally, analysts’ outlook for the SM Energy Company stock is 2.90 for the next 12 months. The average price target is 46.36% above its last price level and an upside to the estimated low will see the stock gain 19.0% over that period. But an upside of 69.63% will see the stock hit the forecast high price target while mean target price for the stock is $4.25.
Insiders at the company have transacted a total of 111 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 75 of these insider trades were purchases, accounting for 1,125,289 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 227,460 shares.
The top 3 mutual fund holders in SM Energy Company are iShares Core S&P Small Cap ETF, SPDR S&P Oil & Gas Exploration &, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 6.64 million shares of the company’s stock, all valued at over $19.59 million. The company bought an additional 23730.0 shares recently to bring their total holdings to about 5.88% of the shares outstanding. SPDR S&P Oil & Gas Exploration & sold 11796.0 shares to see its total holdings shrink to 5.01 million shares valued at over $14.77 million and representing 4.43% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 2.84% of the shares outstanding.
Shares of SM Energy Company (NYSE: SM) opened at $2.62, up $0.01 from a prior closing price of $2.61. However, the script later closed the day at $2.43, down -6.90%. The company’s stock has a 5-day price change of -4.33% and -41.73% over the past three months. SM shares are trading -78.38% year to date (YTD), with the 12-month market performance down to -74.37% lower. It has a 12-month low price of $0.90 and touched a high of $12.91 over the same period. Currently, 5.36 million shares have been traded, compared to an average intraday trading volume of 5.47 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.07%, -26.65%, and -55.51% respectively.
Institutional ownership of SM Energy Company (NYSE: SM) shares accounts for 94.90% of the company’s 113.01M shares outstanding. Mutual fund holders own 42.14%, while other institutional holders and individual stakeholders account for 45.45% and 2.49% respectively.
It has a market capitalization of $272.79M and a beta (3y monthly) value of 5.52. The earnings-per-share (ttm) stands at -$4.97. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.84% over the week and 7.61% over the month.
Analysts forecast that SM Energy Company (SM) will achieve an EPS of -$0.27 for the current quarter, -$0.1 for the next quarter and -$1.83 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.02 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -137.10%, and -200.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate SM Energy Company (SM) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 12 of the 18 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the SM, a number of firms have released research notes about the stock. Seaport Global Securities stated their Neutral rating for the stock in a research note on July 27, 2020, with the firm’s price target at. Scotiabank coverage for the SM Energy Company (SM) stock in a research note released on April 07, 2020 offered a Sector Underperform rating with a price target of. JP Morgan was of a view on March 25, 2020 that the stock is Underweight, while Stephens gave the stock Equal-Weight rating on March 20, 2020, issuing a price target of $14- $3. Credit Suisse on their part issued Neutral rating on March 19, 2020.