SM Energy Co (NYSE:SM) had its price target cut by Susquehanna from $19.00 to $14.00 in a report issued on Tuesday, Marketbeat reports. They currently have a neutral rating on the energy company’s stock.

SM has been the subject of several other research reports. Tudor Pickering downgraded SM Energy to a sell rating in a research note on Monday. BMO Capital Markets decreased their target price on SM Energy from $47.00 to $45.00 in a research note on Wednesday, October 7th. Scotiabank restated a sector perform rating on shares of SM Energy in a research note on Tuesday, December 15th. Robert W. Baird reduced their price objective on SM Energy from $55.00 to $49.00 in a research report on Wednesday, October 21st. Finally, KLR Group reduced their price objective on SM Energy from $66.00 to $59.00 in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. SM Energy presently has a consensus rating of Hold and an average target price of $32.87.

In other news, EVP David W. Copeland bought 10,000 shares of the stock in a transaction dated Tuesday, December 8th. The stock was bought at an average cost of $23.04 per share, with a total value of $230,400.00. Following the purchase, the executive vice president now owns 72,279 shares of the company’s stock, valued at $1,665,308.16. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Several large investors have recently added to or reduced their stakes in SM. Retirement Systems of Alabama boosted its stake in SM Energy by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 87,345 shares of the energy company’s stock valued at $1,717,000 after buying an additional 1,172 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in SM Energy by 4.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 105,900 shares of the energy company’s stock valued at $2,082,000 after buying an additional 4,489 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in SM Energy during the fourth quarter valued at approximately $457,000. Acadian Asset Management purchased a new stake in SM Energy during the fourth quarter valued at approximately $829,000. Finally, Nikko Asset Management Americas boosted its stake in SM Energy by 21.3% in the fourth quarter. Nikko Asset Management Americas now owns 270,807 shares of the energy company’s stock valued at $4,934,000 after buying an additional 47,600 shares during the period.

Shares of SM Energy (NYSE:SM) traded up 1.66% on Tuesday, reaching $13.45. The company’s stock had a trading volume of 181,121 shares. The stock has a 50-day moving average of $16.94 and a 200 day moving average of $30.35. SM Energy has a 52 week low of $8.38 and a 52 week high of $60.28. The stock has a market capitalization of $914.25 million and a price-to-earnings ratio of 4.05.

SM Energy (NYSE:SM) last announced its earnings results on Tuesday, October 27th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.29) by $0.05. The company earned $371.15 million during the quarter, compared to analysts’ expectations of $439.11 million. During the same period last year, the firm posted $1.44 EPS. The firm’s revenue for the quarter was down 40.0% compared to the same quarter last year. On average, analysts expect that SM Energy will post ($0.25) EPS for the current year.

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region, which is managed from its office in Houston, Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region, which the Company operates from its office in Billings, Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region, which is managed from the Company’s office in Midland, Texas and covers western Texas and southeastern New Mexico, and Mid-Continent Region, which is managed from the Company’s office in Tulsa, Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.

12 Month Chart for NYSE:SM

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