SM Energy Co. (SM) Receives Consensus Recommendation of “Hold” from Analysts
SM Energy Co. (NYSE:SM) has received an average rating of “Hold” from the twenty-seven ratings firms that are presently covering the stock. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.32.
Several research firms have recently issued reports on SM. Deutsche Bank AG increased their price objective on shares of SM Energy from $31.00 to $35.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 price objective on shares of SM Energy in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, July 12th. Barclays PLC increased their price objective on shares of SM Energy from $32.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, August 4th. Finally, KLR Group upgraded shares of SM Energy from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $37.00 to $43.00 in a report on Tuesday, August 9th.
In related news, SVP Kenneth J. Knott sold 661 shares of the firm’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $40.00, for a total value of $26,440.00. Following the transaction, the senior vice president now directly owns 43,417 shares in the company, valued at approximately $1,736,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.70% of the stock is currently owned by corporate insiders.
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A number of hedge funds and other institutional investors have recently bought and sold shares of SM. State Street Corp raised its position in SM Energy by 14.0% in the first quarter. State Street Corp now owns 3,778,006 shares of the energy company’s stock worth $70,795,000 after buying an additional 464,526 shares during the last quarter. Canada Pension Plan Investment Board raised its position in SM Energy by 104.3% in the first quarter. Canada Pension Plan Investment Board now owns 113,200 shares of the energy company’s stock worth $2,121,000 after buying an additional 57,800 shares during the last quarter. Spark Investment Management LLC purchased a new position in SM Energy during the first quarter worth about $2,640,000. Palisade Capital Management LLC NJ raised its position in SM Energy by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 397,767 shares of the energy company’s stock worth $7,454,000 after buying an additional 38,089 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in SM Energy during the first quarter worth about $457,000. Institutional investors and hedge funds own 82.89% of the company’s stock.
SM Energy (NYSE:SM) traded down 2.847% during mid-day trading on Tuesday, reaching $40.095. 1,170,937 shares of the company’s stock traded hands. SM Energy has a 52-week low of $6.99 and a 52-week high of $42.33. The company has a 50-day moving average of $36.93 and a 200-day moving average of $30.12. The company’s market capitalization is $2.75 billion.
SM Energy (NYSE:SM) last posted its earnings results on Tuesday, August 2nd. The energy company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.71) by $0.27. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The firm earned $341.80 million during the quarter, compared to analysts’ expectations of $328.18 million. During the same quarter in the prior year, the firm earned $0.49 EPS. SM Energy’s quarterly revenue was down 33.8% on a year-over-year basis. Equities research analysts expect that SM Energy will post ($2.38) EPS for the current year.
The company also recently announced a semiannual dividend, which will be paid on Wednesday, November 2nd. Investors of record on Friday, October 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a yield of 0.29%. SM Energy’s payout ratio is presently -0.80%.
SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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