Shares last traded at $15.87 a great deal higher than $14.37, the 50 day moving average and which is significantly lower than the 200 day moving average of $18.41. The 50 day moving average was up $1.50 or +10.41% and the 200 day average moved down $-2.54. Trading volume for SM Energy Company was 5,483K on Wednesday. Trading volume was up 5.33% over the stocks average daily volume.
Investors are a little more bearish on shares of SM Energy Company if you watch the uptick in short interest. The company had a rise in short interest of 7.96% as of the latest report on August 31, 2017. Short shares increased 1,205,320 over that period. Days to cover increased 1.0 to 5.0 and the percentage of shorted shares was 0.15% on August 31.
These firms have modified their investment in SM. As of quarter end Cypress Capital Management LLC (wy) had disposed of 25,190 shares trimming its position 71.6%. The value in dollars went from $845,000 to $165,300,000 increasing 19,462.1% for the reporting period. Next Financial Group, Inc augmented its position by buying 290 shares an increase of 128.9% as of 06/30/2017. Next Financial Group, Inc currently owns 515 shares worth $9,000,000. The value of the position overall is up by 179,900.0%.
Three Peaks Capital Management, LLC reduced its ownership by selling 2,676 shares a decrease of 1.5% from 03/31/2017 to 06/30/2017. Three Peaks Capital Management, LLC claims 175,863 shares valued at $2,907,000. The total value of its holdings decreased 32.2%. As of the end of the quarter Jane Street Group, LLC had bought a total of 70,991 shares growing its holdings by 825.5%. The value of the investment in SM Energy Company increased from $207,000 to $1,316,000 a change of 535.7% quarter over quarter.
August 8 investment analysts at Barclays maintained a stock rating of “Neutral” but moved up the price target from $19.00 to $20.00. On June 21 the company was downgraded to “Neutral” from “Buy” in a statement from Seaport Global.
Equity analyst Credit Suisse issued its first research report on the stock with an initial rating of “Outperform”.
In the latest earnings report the EPS was $-2.93 and is estimated to be $-1.14 for the current year with 111,623,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.28 and the next full year EPS is projected to be $-0.90.
SM Energy Company, launched on January 23, 1915, is an independent energy company. The Company is involved in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Business’s operations are concentrated in areas, such as South Texas and Gulf Coast Region, Rocky Mountain Region and Permian Region. As of December 31, 2016, the Company had working interests in 1,027 gross (841 net) productive oil wells and 1,882 gross (704 net) productive gas wells..