Tudor Pickering upgraded shares of SM Energy (NYSE:SM) from a hold rating to a buy rating in a report issued on Thursday morning, Marketbeat Ratings reports.
A number of other brokerages also recently commented on SM. 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 SM Energy and gave the stock 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 SM Energy and gave the stock a buy rating in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $27.53.
Shares of SM Energy opened at $24.64 on Thursday, according to Marketbeat Ratings. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20. The company has a quick ratio of 0.98, a current ratio of 1.42 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2.76 billion, a PE ratio of -30.05, a PEG ratio of 25.41 and a beta of 2.93.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. The business had revenue of $769.60 million during the quarter, compared to the consensus estimate of $361.40 million. During the same period in the previous year, the business earned ($0.18) EPS. The business’s quarterly revenue was up 106.5% on a year-over-year basis. equities analysts forecast that SM Energy will post 0.1 EPS for the current year.
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th were paid a $0.05 dividend. The ex-dividend date was Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s payout ratio is -12.20%.
Several large investors have recently added to or reduced their stakes in the company. Elk Creek Partners LLC grew its stake in shares of SM Energy by 28.6% in the first quarter. Elk Creek Partners LLC now owns 783,244 shares of the energy company’s stock worth $14,122,000 after purchasing an additional 174,302 shares in the last quarter. Teza Capital Management LLC bought a new position in shares of SM Energy in the first quarter worth $520,000. Quadrature Capital Ltd bought a new position in shares of SM Energy in the first quarter worth $441,000. Tibra Equities Europe Ltd bought a new position in shares of SM Energy in the first quarter worth $372,000. Finally, BNP Paribas Arbitrage SA grew its stake in shares of SM Energy by 193.2% in the first quarter. BNP Paribas Arbitrage SA now owns 98,552 shares of the energy company’s stock worth $1,777,000 after purchasing an additional 64,934 shares in the last quarter.
About SM Energy
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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