Today’s Shorts Alert: Can SM Energy Company (NYSE:SM)’s Tomorrow Be Different? The Stock Had Decline in Shorts

November 16, 2016 - By Clifton Ray   ·   0 Comments

Today's Shorts Alert: Can SM Energy Company (NYSE:SM)’s Tomorrow Be Different? The Stock Had Decline in Shorts

The stock of SM Energy Company (NYSE:SM) registered a decrease of 4.95% in short interest. SM’s total short interest was 12.57 million shares in November as published by FINRA. Its down 4.95% from 13.23M shares, reported previously. With 3.15 million shares average volume, it will take short sellers 4 days to cover their SM’s short positions. The short interest to SM Energy Company’s float is 18.63%. The stock closed at $34.61 during the last session. It is down 41.21% since April 14, 2016 and is uptrending. It has outperformed by 36.52% the S&P500.

SM Energy Company is an independent energy company. The company has a market cap of $3.21 billion. The Firm 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 currently has negative earnings. The Firm operates in the exploration and production segment of the gas and oil industry within the United States.

Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.09, from 1.01 in 2016Q1. The ratio dropped, as 25 funds sold all SM Energy Co shares owned while 80 reduced positions. 32 funds bought stakes while 65 increased positions. They now own 71.53 million shares or 13.24% less from 82.45 million shares in 2016Q1.
Advisors Asset Mgmt accumulated 0.02% or 46,132 shares. Palisade Capital Ltd Llc Nj holds 375,639 shares or 0.37% of its portfolio. Commonwealth Of Pennsylvania Public School Empls Retrmt Systems owns 13,103 shares or 0.01% of their US portfolio. Cap Fund Sa accumulated 42,078 shares or 0.01% of the stock. Grantham Mayo Van Otterloo Limited Co last reported 146,858 shares in the company. Research Invsts holds 0.07% of its portfolio in SM Energy Co (NYSE:SM) for 7.21M shares. Citigroup Inc has invested 0.02% of its portfolio in SM Energy Co (NYSE:SM). California Pub Employees Retirement System reported 391,900 shares or 0.02% of all its holdings. The New York-based Bnp Paribas Arbitrage has invested 0% in SM Energy Co (NYSE:SM). New York State Teachers Retirement holds 120,141 shares or 0.01% of its portfolio. Parametric Portfolio Associates Ltd Liability has 108,291 shares for 0% of their US portfolio. The Pennsylvania-based Pnc Financial Grp Inc has invested 0% in SM Energy Co (NYSE:SM). Renaissance Limited Liability holds 227,200 shares or 0.01% of its portfolio. Swiss Bank accumulated 111,150 shares or 0% of the stock. Henderson Grp Incorporated Public Ltd Company has 309,618 shares for 0.07% of their US portfolio.

Insider Transactions: Since September 29, 2016, the stock had 0 insider buys, and 1 sale for $26,440 net activity. Knott Kenneth J. sold $26,440 worth of SM Energy Co (NYSE:SM) on Thursday, September 29.

SM Energy Co (NYSE:SM) Ratings Coverage

Out of 18 analysts covering SM Energy (NYSE:SM), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. SM Energy has been the topic of 43 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, June 14 by Deutsche Bank. The firm earned “Overweight” rating on Monday, August 15 by PiperJaffray. JP Morgan initiated SM Energy Co (NYSE:SM) on Wednesday, December 9 with “Neutral” rating. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, November 18 report. Topeka Capital Markets maintained the stock with “Buy” rating in Wednesday, October 28 report. The stock of SM Energy Co (NYSE:SM) has “Sector Perform” rating given on Thursday, February 25 by RBC Capital Markets. The stock of SM Energy Co (NYSE:SM) earned “Buy” rating by Seaport Global on Tuesday, August 30. The stock of SM Energy Co (NYSE:SM) has “Hold” rating given on Wednesday, August 10 by Deutsche Bank. The firm earned “Hold” rating on Wednesday, April 6 by Stifel Nicolaus. On Tuesday, August 9 the stock rating was upgraded by KLR Group to “Buy”.

SM Company Profile

SM Energy Company, incorporated on January 23, 1915, is an independent energy company. The Firm is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Firm operates in the exploration and production segment of the gas and oil industry within the United States. The Company’s activities are concentrated in onshore operating areas in the United States: South Texas & Gulf Coast Region, Rocky Mountain Region and Permian Region. The Firm has working interests in approximately 1,460 gross (approximately 870 net) productive oil wells and approximately 1,770 gross (approximately 650 net) productive gas wells.

More notable recent SM Energy Co (NYSE:SM) news were published by: Fool.com which released: “Here’s Why SM Energy Co. Slumped 13.6% in October” on November 09, 2016, also Forbes.com with their article: “Permian Mania Continues With SM Energy’s Purchase Of Properties From QStar For …” published on October 18, 2016, Fool.com published: “Expectation-Beating Results Fuel a Big Bounce in SM Energy Co’s Stock” on August 03, 2016. More interesting news about SM Energy Co (NYSE:SM) were released by: Prnewswire.com and their article: “Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy …” published on August 08, 2016 as well as Forbes.com‘s news article titled: “Ex-Div Reminder for SM Energy (SM)” with publication date: October 17, 2016.

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By Clifton Ray


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