SM Energy (NYSE:SM) has earned an average rating of “Buy” from the twenty-two ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.13.
Several research analysts recently commented on the company. Williams Capital reiterated a “buy” rating and issued a $44.00 price target on shares of SM Energy in a research report on Wednesday. ValuEngine upgraded SM Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. Tudor Pickering upgraded SM Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Stifel Nicolaus set a $42.00 price target on SM Energy and gave the stock a “buy” rating in a research report on Friday, May 4th. Finally, Bank of America dropped their price target on SM Energy from $31.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 8th.
Large investors have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. purchased a new position in shares of SM Energy during the fourth quarter valued at approximately $134,000. State of Alaska Department of Revenue purchased a new position in shares of SM Energy during the fourth quarter valued at approximately $143,000. Tower Research Capital LLC TRC boosted its position in shares of SM Energy by 2,652.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after buying an additional 6,524 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of SM Energy during the fourth quarter valued at approximately $232,000. Finally, Granite Springs Asset Management LLC bought a new stake in shares of SM Energy during the fourth quarter valued at approximately $243,000.
Shares of SM Energy stock opened at $25.89 on Friday. The stock has a market cap of $2.97 billion, a PE ratio of -31.57, a PEG ratio of 18.42 and a beta of 2.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.07. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20.
SM Energy (NYSE:SM) last issued its quarterly earnings data 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. The firm had revenue of $769.60 million during the quarter, compared to analyst estimates of $361.40 million. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. The business’s quarterly revenue was up 106.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) earnings per share. analysts anticipate that SM Energy will post 0.14 earnings per share for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, May 9th. Shareholders of record on Friday, April 27th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.
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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