Streetbeat News

SM

SM Energy Company

https://sm-energy.com

Industry

Oil & Gas Exploration & Production

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

Open

44.46

Mkt cap

5B

Volume

842K

High

44.94

P/E Ratio

5.99

52-wk high

53.26

Low

43.16

Div yield

0.02

52-wk low

34.13

SM Energy's short percent of float has risen by 4.69%, with 11.96 million shares sold short, representing 15.17% of all regular shares available for trading. This is significantly higher than its peers' average short interest of 6.84%. The increase in short interest could indicate bearish sentiment among investors.

Portfolio Pulse from Benzinga Insights

May 21, 2024 | 3:15 pm

Mizuho analyst William Janela has maintained a Buy rating on SM Energy (NYSE:SM) and increased the price target from $57 to $62.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 3:32 pm

RBC Capital analyst Scott Hanold maintains a Sector Perform rating on SM Energy (NYSE:SM) and raises the price target from $50 to $54.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 3:20 pm

Over the past 5 years, SM Energy (NYSE:SM) has outperformed the market with an annualized return of 26.97%, turning a $100 investment into $335.89 today. The company's market capitalization stands at $5.83 billion.

Portfolio Pulse from Benzinga Insights

May 06, 2024 | 9:31 pm

SM Energy has announced a 2% reduction in its FY24 capital expenditure (Capex) guidance at the midpoint. This adjustment reflects the company's financial strategy and planning for the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:37 pm

SM Energy (NYSE:SM) reported Q1 2024 earnings of $1.41 per share, surpassing the consensus estimate of $1.28, and sales of $559.870M, slightly above the estimate of $558.312M. This represents a 6.02% increase in earnings per share and a 2.38% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 9:10 pm

Susquehanna analyst Biju Perincheril maintains a Neutral rating on SM Energy (NYSE:SM) and raises the price target from $42 to $51.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:12 pm

Keybanc analyst Tim Rezvan maintains an Overweight rating on SM Energy (NYSE:SM) and raises the price target from $62 to $65.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 12:20 pm

SM Energy (NYSE:SM) has seen an 11.59% increase in short interest since its last report, with 10.47 million shares sold short, representing 13.29% of its float. It would take about 7.29 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards SM Energy, although it's not a definitive predictor of stock price movement. SM Energy has a higher short interest compared to its peer group average of 6.58%, suggesting more bearish sentiment among investors compared to its peers.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:00 pm

Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on SM Energy (NYSE:SM) and increased the price target from $45 to $51.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 12:52 pm

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