SM Energy (NYSE:SM) had its price target reduced by Wells Fargo & Co from $23.00 to $22.00 in a report issued on Friday, September 20th, BenzingaRatingsTable reports. They currently have a market perform rating on the energy company’s stock.
Other research analysts have also recently issued reports about the stock. Barclays decreased their target price on shares of SM Energy from $13.00 to $9.00 and set an underweight rating for the company in a report on Friday, August 30th. KeyCorp started coverage on shares of SM Energy in a report on Thursday, June 27th. They issued a sector weight rating for the company. Raymond James decreased their target price on shares of SM Energy from $20.00 to $15.00 and set an outperform rating for the company in a report on Thursday, July 18th. Capital One Financial raised shares of SM Energy from an equal weight rating to an overweight rating in a report on Thursday, May 23rd. Finally, Susquehanna Bancshares set a $13.00 price objective on shares of SM Energy and gave the company a hold rating in a report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $18.87.
SM traded up $0.17 on Friday, hitting $8.26. The company’s stock had a trading volume of 4,151,505 shares, compared to its average volume of 4,193,189. The company’s 50 day simple moving average is $9.77 and its 200-day simple moving average is $12.30. The firm has a market cap of $963.80 million, a P/E ratio of 275.33 and a beta of 2.92. SM Energy has a 12 month low of $7.79 and a 12 month high of $31.45. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, August 1st. The energy company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.13. The company had revenue of $407.17 million during the quarter, compared to the consensus estimate of $407.53 million. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. During the same period last year, the firm earned $0.15 EPS. Equities analysts predict that SM Energy will post -0.42 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, October 25th will be issued a $0.05 dividend. This represents a yield of 1%. The ex-dividend date is Thursday, October 24th. SM Energy’s dividend payout ratio (DPR) is 333.33%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Twin Tree Management LP purchased a new position in shares of SM Energy during the first quarter valued at $36,000. SG3 Management LLC acquired a new position in SM Energy in the 2nd quarter valued at approximately $125,000. Jane Street Group LLC acquired a new position in SM Energy in the 2nd quarter valued at approximately $132,000. Panagora Asset Management Inc. raised its holdings in SM Energy by 27.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 12,798 shares of the energy company’s stock valued at $160,000 after acquiring an additional 2,730 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in SM Energy by 13.8% in the 2nd quarter. Point72 Hong Kong Ltd now owns 13,705 shares of the energy company’s stock valued at $172,000 after acquiring an additional 1,657 shares in the last quarter. 98.92% of the stock is owned by hedge funds and other institutional investors.
SM Energy Company Profile
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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