Traders Purchase High Volume of Call Options on SM Energy (NYSE:SM)

SM Energy Co (NYSE:SM) was the recipient of unusually large options trading on Monday. Stock traders bought 2,252 call options on the company. This is an increase of 1,544% compared to the typical daily volume of 137 call options.

Shares of NYSE:SM opened at $8.22 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $937.84 million, a price-to-earnings ratio of 274.00 and a beta of 3.01. The business has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $10.18. SM Energy has a fifty-two week low of $6.84 and a fifty-two week high of $21.84.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. SM Energy had a net margin of 14.67% and a negative return on equity of 2.42%. The firm had revenue of $390.30 million for the quarter, compared to the consensus estimate of $387.68 million. During the same quarter last year, the firm posted ($0.01) EPS. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. As a group, research analysts predict that SM Energy will post -0.51 earnings per share for the current year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, October 25th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a yield of 1%. SM Energy’s dividend payout ratio (DPR) is 333.33%.

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Several analysts recently commented on the stock. Seaport Global Securities downgraded shares of SM Energy from a “buy” rating to a “neutral” rating in a research report on Thursday, October 10th. KeyCorp reduced their price objective on shares of SM Energy from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Co decreased their target price on shares of SM Energy from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Tuesday, November 12th. Williams Capital reiterated a “buy” rating and issued a $15.00 target price on shares of SM Energy in a research note on Friday, November 1st. Finally, Barclays cut their price target on shares of SM Energy from $13.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. SM Energy presently has an average rating of “Hold” and an average target price of $17.06.

A number of institutional investors have recently modified their holdings of the stock. SG3 Management LLC purchased a new stake in SM Energy in the second quarter worth approximately $125,000. Jane Street Group LLC purchased a new stake in SM Energy during the 2nd quarter valued at $132,000. Panagora Asset Management Inc. raised its stake in SM Energy by 27.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 12,798 shares of the energy company’s stock valued at $160,000 after buying an additional 2,730 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of SM Energy during the 3rd quarter valued at $133,000. Finally, Point72 Hong Kong Ltd boosted its stake in shares of SM Energy by 13.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 13,705 shares of the energy company’s stock worth $172,000 after buying an additional 1,657 shares during the last quarter. Institutional investors own 98.92% of the company’s stock.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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