Ownership Action Alert: Is SM Energy Co (NYSE:SM) Going to Burn These Institutional Investors?

November 30, 2016 - By Vivian Park   ·   0 Comments

Ownership Action Alert: Is SM Energy Co (NYSE:SM) Going to Burn These Institutional Investors?

Sentiment for SM Energy Co (NYSE:SM)

SM Energy Co (NYSE:SM) institutional sentiment increased to 2.04 in 2016 Q2. Its up 1.12, from 0.92 in 2016Q1. The ratio has improved, as 97 funds opened new and increased holdings, while 105 sold and reduced their positions in SM Energy Co. The funds in our partner’s database now own: 71.53 million shares, down from 82.45 million shares in 2016Q1. Also, the number of funds holding SM Energy Co in their top 10 holdings decreased from 5 to 2 for a decrease of 3. Sold All: 25 Reduced: 80 Increased: 65 New Position: 32.

SM Energy Company is an independent energy company. The company has a market cap of $3.19 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.

About 1.28 million shares traded hands. SM Energy Co (NYSE:SM) has declined 2.62% since April 27, 2016 and is downtrending. It has underperformed by 7.85% the S&P500.

Analysts await SM Energy Co (NYSE:SM) to report earnings on February, 28. They expect $-0.44 EPS, up 51.11% or $0.46 from last year’s $-0.9 per share. After $-0.37 actual EPS reported by SM Energy Co for the previous quarter, Wall Street now forecasts 18.92% negative EPS growth.

According to Zacks Investment Research, “SM Energy Company, formerly known as St. Mary Land & Exploration Company, is an independent energy company engaged in the exploration, exploitation, development, acquisition, and production of natural gas and crude oil. The Company operates in the areas: Mid-Continent, Rocky Mountains, ArkLaTex, Permian Basin, and Gulf Coast regions which are operated out of its offices in Tulsa, Oklahoma; Billings, Montana; Shreveport, Louisiana; Midland, Texas; and Houston, Texas, respectively. SM Energy Company is based in Denver, Colorado.”

Schneider Capital Management Corp holds 7.71% of its portfolio in SM Energy Co for 1.52 million shares. Key Group Holdings (Cayman) Ltd. owns 2.59 million shares or 6.1% of their US portfolio. Moreover, Columbia Pacific Advisors Llc has 2.46% invested in the company for 149,359 shares. The New York-based Sir Capital Management L.P. has invested 1.75% in the stock. Causeway Capital Management Llc, a California-based fund reported 2.11 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $26,440 net activity.

SM Energy Co (NYSE:SM) Ratings Coverage

Ratings analysis reveals 61% of SM Energy’s analysts are positive. Out of 18 Wall Street analysts rating SM Energy, 11 give it “Buy”, 0 “Sell” rating, while 7 recommend “Hold”. The lowest target is $14 while the high is $59. The stock’s average target of $32.08 is -15.91% below today’s ($38.15) share price. SM was included in 43 notes of analysts from July 21, 2015. As per Tuesday, October 18, the company rating was upgraded by CapitalOne. PiperJaffray upgraded the shares of SM in a report on Monday, August 15 to “Overweight” rating. The company was maintained on Wednesday, October 28 by Topeka Capital Markets. The stock has “Sector Outperform” rating given by Howard Weil on Tuesday, October 4. The stock of SM Energy Co (NYSE:SM) earned “Hold” rating by Deutsche Bank on Tuesday, June 14. Topeka Capital Markets maintained it with “Buy” rating and $55 target price in Wednesday, July 29 report. The firm has “Buy” rating given on Wednesday, January 20 by Topeka Capital Markets. The firm has “Neutral” rating by Guggenheim given on Thursday, April 21. The firm earned “Market Perform” rating on Wednesday, November 18 by BMO Capital Markets. The firm earned “Buy” rating on Tuesday, October 13 by Topeka Capital Markets.

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 important recent SM Energy Co (NYSE:SM) news were published by: Nasdaq.com which released: “Strategy To YieldBoost SM From 0.3% To 13.5% Using Options” on October 27, 2016, also Fool.com published article titled: “Here’s Why SM Energy Co. Slumped 13.6% in October”, Forbes.com published: “Permian Mania Continues With SM Energy’s Purchase Of Properties From QStar For …” on October 18, 2016. More interesting news about SM Energy Co (NYSE:SM) was released by: Fool.com and their article: “Expectation-Beating Results Fuel a Big Bounce in SM Energy Co’s Stock” with publication date: August 03, 2016.

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By Vivian Park

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