SM Energy Co (NYSE:SM) has been assigned a consensus rating of “Buy” from the twenty-one brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.87.
Several analysts have commented on the stock. Royal Bank of Canada restated a “hold” rating and set a $24.00 price objective on shares of SM Energy in a research note on Wednesday, January 10th. Robert W. Baird set a $35.00 price objective on shares of SM Energy and gave the company a “buy” rating in a research note on Wednesday, January 10th. Williams Capital restated a “buy” rating and set a $39.00 price objective on shares of SM Energy in a research note on Wednesday, January 10th. KeyCorp restated an “overweight” rating and set a $31.00 price objective (up from $26.00) on shares of SM Energy in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 price objective on shares of SM Energy and gave the company a “buy” rating in a research note on Monday, January 29th.
SM stock traded down $0.33 during trading on Thursday, reaching $17.93. The company had a trading volume of 3,378,117 shares, compared to its average volume of 3,392,512. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.21. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The business had revenue of $340.53 million during the quarter, compared to analysts’ expectations of $330.83 million. During the same period in the previous year, the business posted ($0.31) EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. analysts predict that SM Energy will post 0.12 EPS for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, April 26th. SM Energy’s dividend payout ratio (DPR) is -12.20%.
Several large investors have recently bought and sold shares of SM. Amundi Pioneer Asset Management Inc. purchased a new position in shares of SM Energy during the 4th quarter valued at approximately $134,000. State of Alaska Department of Revenue purchased a new stake in SM Energy in the 4th quarter worth $143,000. Tower Research Capital LLC TRC increased its holdings in SM Energy by 2,652.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after acquiring an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in SM Energy in the 4th quarter worth $232,000. Finally, Granite Springs Asset Management LLC purchased a new stake in SM Energy in the 4th quarter worth $243,000. 97.36% of the stock is 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.
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