Opinion

SM Energy Company (NYSE:SM) Earns Average Broker Rating Of Outperform

SM Energy Company (NYSE:SM) stock is presently standing at about $21.91 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 22 analysts covering the company is $40.50, which suggests the stock could still rise over 46 percent. The highest analyst price target is $68.00, which implies a rally of -110 percent. And a quick view of analyst notes show that 10 are rating the stock a buy while 6 rate SM a strong buy. There are 9 equity research firms advocating a Hold and 0 consider it Sell.

BofA/Merrill analysts provided their view on SM Energy Company (NYSE:SM) recently. The rating firm issued a Buy rating to this company in a research note released on Jan 04, 2017. Stifel analysts disclosed their opinion on SM Energy Company (NYSE:SM) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 01, 2016. According to a research note disclosed on Oct 18, 2016, analysts at CapitalOne have upped their rating on these shares from Equal Weight to Overweight.

SM Energy Company (NYSE:SM) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director ROBESON ROSE M Purchased 1,000 company shares for 23360, in a transaction on 2017-03-08. Following the transaction, the Director is left with a stake of 17,381 shares, currently valued at $380818. Meanwhile, Director SULLIVAN WILLIAM D purchased 5,000 shares worth $121550, through a transaction dated 2017-03-08. Following the completion of the transaction, the insider is left with a stake of 75,479 shares, amounting $1653744.89. SM Director LEIKER LOREN M also purchased 20,000 shares, at a stock price of $24.57. This transaction occurred on 2017-03-08 totals $491400. After this transaction, the insider’s stake stands at 44,527 shares, with a market value of $975587.

Executives hold 0.25 percent of the stock. Robert L. Nance is one of the biggest insider owners in SM Energy Company (NYSE:SM), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 735,620 shares which have current market value of around $16117434.2.Anthony J. Best is another major inside shareholder in the company. The insider owns 205,161 shares as of 0.18%, currently worth $4495077.51. Dr. Larry W. Bickle is ranked as third insider holder of the stock. This insider holds 153,120 shares with a market value around $3354859.2 as of recent close.

SM Energy Company (NYSE:SM) Earnings Outlook

In SM Energy Company (NYSE:SM)’s latest quarter, EPS moved to $-0.31 from $-0.37 in preceding quarter and revenues reached at $379.90M compared to $352.66M. Analysts had expected SM Energy Company (NYSE:SM) to post net income of about $-0.41 per share on $367.68M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.53 to $-0.19. That is compared with the $-0.83 in EPS it reported during the same period a year ago.

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