SM Energy Company (SM) Given Average Rating of “Hold” by Brokerages

Shares of SM Energy Company (NYSE:SM) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.67.

A number of analysts have issued reports on SM shares. BMO Capital Markets set a $21.00 target price on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Williams Capital restated a “buy” rating and set a $30.00 target price on shares of SM Energy in a research report on Friday, September 15th. Royal Bank Of Canada set a $20.00 target price on SM Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. Barclays lowered their target price on SM Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, November 9th.

SM Energy (NYSE:SM) opened at $20.64 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy has a 12-month low of $12.29 and a 12-month high of $42.45.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $300.80 million. During the same period in the prior year, the business posted ($0.37) earnings per share. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. sell-side analysts forecast that SM Energy will post -1.05 EPS for the current year.

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a dividend yield of 0.54%. SM Energy’s dividend payout ratio is currently -2.94%.

Several institutional investors have recently modified their holdings of SM. California Public Employees Retirement System lifted its stake in shares of SM Energy by 18.5% in the 3rd quarter. California Public Employees Retirement System now owns 325,626 shares of the energy company’s stock valued at $5,777,000 after purchasing an additional 50,926 shares during the period. Cubist Systematic Strategies LLC raised its position in SM Energy by 148.4% during the third quarter. Cubist Systematic Strategies LLC now owns 31,470 shares of the energy company’s stock worth $558,000 after acquiring an additional 18,802 shares during the period. Point72 Asset Management L.P. raised its position in SM Energy by 1,420.7% during the third quarter. Point72 Asset Management L.P. now owns 498,800 shares of the energy company’s stock worth $8,849,000 after acquiring an additional 466,000 shares during the period. Janus Henderson Group PLC raised its position in SM Energy by 14.9% during the third quarter. Janus Henderson Group PLC now owns 156,001 shares of the energy company’s stock worth $2,767,000 after acquiring an additional 20,229 shares during the period. Finally, Napier Park Global Capital US LP acquired a new stake in shares of SM Energy in the third quarter valued at about $710,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for SM Energy (NYSE:SM)

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