SM Energy (SM) Announces Quarterly Results
SM Energy (NYSE:SM) issued its quarterly earnings data on Wednesday. The company reported $1.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.05 by $0.01, AR Network reports. The company had revenue of $613.10 million for the quarter, compared to the consensus estimate of $575.30 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 61.8% on a year-over-year basis.
SM Energy (NYSE:SM) opened at 87.47 on Wednesday. SM Energy has a 52-week low of $45.25 and a 52-week high of $75.74. The stock’s 50-day moving average is $69.28 and its 200-day moving average is $63.02. The company’s market cap is $5.854 billion.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, November 6th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.05 per share. This represents a dividend yield of 0.12%. The ex-dividend date is Wednesday, October 23rd.
A number of research firms have recently commented on SM. Analysts at Societe Generale reiterated a “buy” rating on shares of SM Energy in a research note to investors on Monday, October 21st. They now have a $92.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of SM Energy from $93.00 to $107.00 in a research note to investors on Monday, October 21st. They now have an “overweight” rating on the stock. Finally, analysts at Robert W. Baird initiated coverage on shares of SM Energy in a research note to investors on Wednesday, October 16th. They set a “neutral” rating and a $88.00 price target on the stock. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $84.20.
SM Energy Company (NYSE:SM) is an independent energy company.
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