SM Energy Co. Sets New 1-Year High at $83.54 (SM)
SM Energy (NYSE:SM) set a new 52-week high during trading on Monday, AnalystRatingsNetwork.com reports. The stock traded as high as $83.54 and last traded at $83.19, with a volume of 1,104,922 shares. The stock had previously closed at $81.87.
A number of analysts have recently weighed in on SM shares. Analysts at Societe Generale reiterated a “buy” rating on shares of SM Energy in a research note to investors on Wednesday, October 9th. They now have a $92.00 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of SM Energy from $64.00 to $80.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Finally, analysts at Barrington Research raised their price target on shares of SM Energy from $77.00 to $96.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $82.64.
SM Energy has a 52 week low of $45.25 and a 52 week high of $83.54. The stock has a 50-day moving average of $75.27 and a 200-day moving average of $66.15. The company’s market cap is $5.568 billion.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, November 6th. Investors of record on Friday, October 25th will be given a dividend of $0.05 per share. This represents a yield of 0.12%. The ex-dividend date of this dividend is Wednesday, October 23rd.
SM Energy Company (NYSE:SM) is an independent energy company.
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