James Barker Lebeck Sells 17,500 Shares of SM Energy (NYSE:SM) Stock

SM Energy Company (NYSE:SM – Get Free Report) EVP James Barker Lebeck sold 17,500 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $37.02, for a total transaction of $647,850.00. Following the completion of the transaction, the executive vice president owned 14,705 shares in the company, valued at approximately $544,379.10. This represents a 54.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SM Energy Stock Performance

SM traded down $0.72 on Monday, reaching $36.48. The company had a trading volume of 3,193,532 shares, compared to its average volume of 5,248,375. The stock has a market cap of $8.68 billion, a P/E ratio of 7.18 and a beta of 0.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.62 and a current ratio of 0.62. SM Energy Company has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The company’s fifty day moving average is $30.18 and its 200 day moving average is $28.87.

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SM Energy (NYSE:SM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.23. SM Energy had a net margin of 18.20% and a return on equity of 17.93%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $1.50 earnings per share. The business’s revenue for the quarter was up 215.3% compared to the same quarter last year. As a group, analysts predict that SM Energy Company will post 7.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SM shares. Susquehanna lifted their target price on SM Energy from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of SM Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stephens lowered their target price on shares of SM Energy from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Raymond James Financial dropped their price objective on SM Energy from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Wells Fargo & Company upgraded SM Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $32.00 to $47.00 in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and an average target price of $37.93.

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Institutional Investors Weigh In On SM Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SM. NBC Securities Inc. raised its holdings in shares of SM Energy by 160.5% during the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after buying an additional 830 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after buying an additional 1,360 shares in the last quarter. Torren Management LLC grew its position in SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock valued at $26,000 after acquiring an additional 821 shares during the last quarter. Global Retirement Partners LLC grew its position in SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after acquiring an additional 535 shares during the last quarter. Finally, Kilter Group LLC acquired a new position in SM Energy during the second quarter worth about $28,000. 94.56% of the stock is currently owned by institutional investors.

About SM Energy

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SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.

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