The EVP – Operations of SM Energy (NYSE: SM) is Buying Shares

By Carrie Williams

Today, the EVP – Operations of SM Energy (NYSE: SM), Herbert Vogel, bought shares of SM for $46.18K.

This recent transaction increases Herbert Vogel’s holding in the company by 6.89% to a total of $346.9K. In addition to Herbert Vogel, 7 other SM executives reported Buy trades in the last month.

Based on SM Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $346 million and GAAP net loss of $201 million. In comparison, last year the company earned revenue of $299 million and had a GAAP net loss of $340 million. The company has a one year high of $43.09 and a one year low of $15.49. Currently, SM Energy has an average volume of 1.16M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $43.17, reflecting a -47.5% downside. 20 different firms, including Barclays and Barrington, currently also have a Buy rating on the stock.

The insider sentiment on SM Energy has been positive according to 20 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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SM Energy Co. is an independent energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids. The company was founded in 1908 and is headquartered in Denver, CO.