SM Energy (SM) Given a $44.00 Price Target by Williams Capital Analysts

Williams Capital set a $44.00 target price on SM Energy (NYSE:SM) in a report published on Friday. The firm currently has a buy rating on the energy company’s stock.

SM has been the topic of several other reports. TheStreet raised shares of SM Energy from a d+ rating to a c- rating in a research report on Monday, July 9th. B. Riley downgraded shares of SM Energy from a buy rating to a neutral rating and set a $28.00 price objective on the stock. in a research report on Thursday, July 12th. Royal Bank of Canada reissued a hold rating and set a $26.00 price objective on shares of SM Energy in a research report on Friday, July 20th. Stifel Nicolaus raised their price objective on shares of SM Energy from $40.00 to $41.00 and gave the stock a buy rating in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of SM Energy from $32.00 to $36.00 and gave the stock a $26.55 rating in a research report on Monday, July 23rd. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. SM Energy has a consensus rating of Buy and an average target price of $32.31.

Shares of NYSE:SM opened at $24.17 on Friday. SM Energy has a 12 month low of $16.11 and a 12 month high of $33.76. The company has a current ratio of 0.62, a quick ratio of 0.91 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.61 billion, a P/E ratio of -29.48, a P/E/G ratio of 4.97 and a beta of 2.99.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, November 1st. The energy company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). SM Energy had a return on equity of 0.59% and a net margin of 8.56%. The company had revenue of $459.37 million for the quarter, compared to analyst estimates of $429.63 million. During the same quarter in the prior year, the business earned ($0.25) earnings per share. SM Energy’s revenue was up 55.5% compared to the same quarter last year. Equities analysts expect that SM Energy will post 0.47 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th will be issued a $0.05 dividend. This represents a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, October 25th. SM Energy’s payout ratio is -12.20%.

Several large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its holdings in shares of SM Energy by 2.6% in the second quarter. Arizona State Retirement System now owns 71,338 shares of the energy company’s stock valued at $1,833,000 after acquiring an additional 1,819 shares in the last quarter. Radnor Capital Management LLC boosted its holdings in shares of SM Energy by 18.7% in the third quarter. Radnor Capital Management LLC now owns 13,950 shares of the energy company’s stock valued at $440,000 after acquiring an additional 2,200 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of SM Energy by 4.7% in the third quarter. Aperio Group LLC now owns 50,268 shares of the energy company’s stock valued at $1,585,000 after acquiring an additional 2,277 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of SM Energy by 50.2% in the second quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock valued at $199,000 after acquiring an additional 2,570 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in shares of SM Energy by 7.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 39,598 shares of the energy company’s stock valued at $1,017,000 after acquiring an additional 2,835 shares in the last quarter.

SM Energy Company Profile

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 Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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Analyst Recommendations for SM Energy (NYSE:SM)

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