SM Energy Given Buy Rating at Societe Generale (SM)
SM Energy (NYSE:SM)‘s stock had its “buy” rating reaffirmed by investment analysts at Societe Generale in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a $92.00 target price on the stock. Societe Generale’s price target suggests a potential upside of 4.56% from the company’s current price.
Shares of SM Energy (NYSE:SM) traded down 0.70% during mid-day trading on Wednesday, hitting $87.99. 1,646,659 shares of the company’s stock traded hands. SM Energy has a one year low of $45.25 and a one year high of $93.70. The stock has a 50-day moving average of $81.02 and a 200-day moving average of $68.6. The company’s market cap is $5.889 billion.
SM Energy (NYSE:SM) last released its earnings data on Wednesday, October 30th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.01. 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. On average, analysts predict that SM Energy will post $4.42 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, November 6th. Investors 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 other analysts have also recently weighed in on SM. Analysts at Bank of America Corp. downgraded shares of SM Energy from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $75.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at UBS AG raised their price target on shares of SM Energy from $94.00 to $98.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Topeka Capital Markets upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $120.00 price target on the stock, up previously from $80.00. Ten equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $94.47.
SM Energy Company (NYSE:SM) is an independent energy company.
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