SM Energy Company (SM) Receives Average Rating of “Hold” from Brokerages
SM Energy Company (NYSE:SM) has been given a consensus rating of “Hold” by the eighteen analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.00.
SM has been the topic of several recent analyst reports. Seaport Global Securities downgraded shares of SM Energy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $31.00 to $16.00 in a research note on Wednesday, June 21st. Scotiabank set a $19.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a research report on Saturday, July 1st. Bank of America Corporation started coverage on shares of SM Energy in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price objective for the company. Zacks Investment Research lowered shares of SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Williams Capital set a $32.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research report on Friday, August 4th.
SM Energy (NYSE:SM) opened at 18.74 on Thursday. The company has a 50-day moving average of $15.83 and a 200-day moving average of $17.94. SM Energy has a 52 week low of $12.29 and a 52 week high of $43.09. The stock’s market capitalization is $2.09 billion.
SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting the consensus estimate of ($0.32). The business had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The company’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.44) earnings per share. Analysts anticipate that SM Energy will post ($1.11) earnings per share for the current year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a dividend yield of 0.54%. SM Energy’s payout ratio is currently -3.19%.
Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its position in SM Energy by 87.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock valued at $1,408,000 after purchasing an additional 39,683 shares during the last quarter. Amalgamated Bank lifted its position in SM Energy by 3.9% in the 1st quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock valued at $349,000 after purchasing an additional 549 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in SM Energy by 1.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 91,208 shares of the energy company’s stock valued at $2,191,000 after purchasing an additional 1,157 shares during the last quarter. US Bancorp DE lifted its position in SM Energy by 0.8% in the 2nd quarter. US Bancorp DE now owns 79,856 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 613 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in SM Energy by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,523,022 shares of the energy company’s stock valued at $60,600,000 after purchasing an additional 375,453 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.
About SM Energy
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 in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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