SM Energy Co (NYSE:SM) shares gapped down before the market opened on Friday . The stock had previously closed at $19.00, but opened at $19.43. SM Energy shares last traded at $20.18, with a volume of 1673042 shares.
Several research analysts have issued reports on SM shares. Wells Fargo & Co upgraded SM Energy from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Tuesday, October 23rd. Williams Capital set a $44.00 price objective on SM Energy and gave the stock a “buy” rating in a research note on Thursday, October 18th. Scotiabank upgraded SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Citigroup increased their price objective on SM Energy to $29.00 and gave the stock a “neutral” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 9th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. SM Energy has a consensus rating of “Buy” and a consensus target price of $32.93.
The company has a market cap of $2.31 billion, a price-to-earnings ratio of -23.96, a price-to-earnings-growth ratio of 10.23 and a beta of 2.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.62.
SM Energy (NYSE:SM) last announced its earnings results on Thursday, November 1st. The energy company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.17). SM Energy had a net margin of 8.56% and a return on equity of 0.59%. The business had revenue of $459.37 million during the quarter, compared to analyst estimates of $429.63 million. During the same quarter last year, the business posted ($0.25) earnings per share. The business’s quarterly revenue was up 55.5% compared to the same quarter last year. On average, equities research analysts forecast that SM Energy Co will post 0.2 EPS for the current fiscal year.
The firm also recently announced a semiannual dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 25th. This represents a dividend yield of 0.31%. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.
Several large investors have recently made changes to their positions in SM. Qube Research & Technologies Ltd acquired a new stake in SM Energy in the second quarter worth about $109,000. IFP Advisors Inc increased its position in SM Energy by 340.7% in the third quarter. IFP Advisors Inc now owns 4,341 shares of the energy company’s stock worth $137,000 after purchasing an additional 3,356 shares during the period. Russell Investments Group Ltd. increased its position in SM Energy by 50.2% in the second quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock worth $199,000 after purchasing an additional 2,570 shares during the period. Alambic Investment Management L.P. acquired a new stake in SM Energy in the third quarter worth about $221,000. Finally, LPL Financial LLC acquired a new stake in SM Energy in the third quarter worth about $232,000.
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About SM Energy (NYSE:SM)
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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