SM Energy Co. (SM) Upgraded by Capital One Financial Corp. to Overweight
SM Energy Co. (NYSE:SM) was upgraded by equities researchers at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday.
Several other research analysts have also recently issued reports on the stock. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $35.00 to $48.00 in a report on Tuesday, October 4th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, October 4th. Howard Weil upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $35.00 to $48.00 in a report on Tuesday, October 4th. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $53.00 in a report on Tuesday, August 30th. Finally, Williams Capital began coverage on shares of SM Energy in a report on Monday, August 29th. They issued a “buy” rating and a $57.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.52.
SM Energy (NYSE:SM) opened at 38.72 on Tuesday. The firm has a 50-day moving average price of $37.27 and a 200 day moving average price of $30.81. The firm’s market capitalization is $2.65 billion. SM Energy has a one year low of $6.99 and a one year high of $42.33.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/sm-energy-co-sm-upgraded-by-capital-one-financial-corp-to-overweight.html
SM Energy (NYSE:SM) last posted its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.27. The business earned $341.80 million during the quarter, compared to analysts’ expectations of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The business’s revenue was down 33.8% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that SM Energy will post ($2.38) earnings per share for the current year.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 21st will be given 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 dividend payout ratio is -0.80%.
In other SM Energy 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 sale, 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 the SEC website. 1.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of SM. MSI Financial Services Inc raised its stake in SM Energy by 35.0% in the third quarter. MSI Financial Services Inc now owns 20,938 shares of the energy company’s stock valued at $808,000 after buying an additional 5,430 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of SM Energy by 9.6% in the third quarter. Capstone Asset Management Co. now owns 12,356 shares of the energy company’s stock valued at $477,000 after buying an additional 1,080 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of SM Energy during the third quarter valued at $617,000. Macquarie Group Ltd. raised its stake in shares of SM Energy by 0.5% in the second quarter. Macquarie Group Ltd. now owns 1,580,149 shares of the energy company’s stock valued at $42,664,000 after buying an additional 7,598 shares during the period. Finally, Mason Street Advisors LLC acquired a new stake in shares of SM Energy during the second quarter valued at $838,000. Institutional investors own 82.83% of the company’s stock.
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.
Receive News & Ratings for SM Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.