Shares of SM Energy Company (NYSE:SM) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.00.
Several equities research analysts recently issued reports on the stock. Barclays PLC decreased their target price on shares of SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Bank of America Corporation assumed coverage on shares of SM Energy in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 target price on the stock. Royal Bank Of Canada set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, BMO Capital Markets set a $21.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th.
Several hedge funds and other institutional investors have recently bought and sold shares of SM. Waldron LP lifted its position in shares of SM Energy by 14.6% during the first quarter. Waldron LP now owns 40,737 shares of the energy company’s stock worth $978,000 after purchasing an additional 5,185 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of SM Energy by 35.3% in the first quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock worth $207,000 after buying an additional 2,245 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of SM Energy in the first quarter worth $526,000. Parametric Portfolio Associates LLC increased its stake in shares of SM Energy by 31.8% in the first quarter. Parametric Portfolio Associates LLC now owns 194,642 shares of the energy company’s stock worth $4,675,000 after buying an additional 46,984 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of SM Energy by 22.3% in the first quarter. Pacer Advisors Inc. now owns 8,814 shares of the energy company’s stock worth $212,000 after buying an additional 1,610 shares during the last quarter. 96.62% of the stock is currently owned by institutional investors and hedge funds.
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SM Energy (NYSE SM) traded down 0.68% during trading on Thursday, reaching $19.12. 4,221,745 shares of the company’s stock traded hands. The firm’s market capitalization is $2.13 billion. The firm has a 50 day moving average of $16.20 and a 200 day moving average of $17.85. SM Energy has a 1-year low of $12.29 and a 1-year high of $43.09.
SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The business had revenue of $284.94 million for the quarter, compared to analysts’ expectations of $299.12 million. During the same period last year, the company earned ($0.44) earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. Equities analysts forecast that SM Energy will post ($1.09) EPS for the current year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, October 19th. This represents a dividend yield of 0.54%. SM Energy’s payout ratio is currently -3.19%.
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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