Insider Buying: SM Energy Co (SM) EVP Acquires 10,000 Shares of Stock

SM Energy Co (NYSE:SM) EVP David W. Copeland purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was acquired at an average cost of $12.71 per share, with a total value of $127,100.00. Following the purchase, the executive vice president now directly owns 106,454 shares of the company’s stock, valued at $1,353,030.34. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of SM Energy stock opened at $12.54 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.96. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 418.00 and a beta of 3.03. SM Energy Co has a 12 month low of $12.51 and a 12 month high of $33.76.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $340.90 million for the quarter, compared to analysts’ expectations of $341.25 million. SM Energy had a net margin of 0.82% and a negative return on equity of 1.52%. The business’s quarterly revenue was down 55.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. Sell-side analysts anticipate that SM Energy Co will post -0.2 EPS for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th were given a dividend of $0.05 per share. This represents a yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 25th. SM Energy’s dividend payout ratio is currently 333.33%.

A number of analysts recently commented on SM shares. Stephens started coverage on SM Energy in a research note on Thursday, March 28th. They issued an “overweight” rating and a $27.00 price target for the company. MKM Partners dropped their price target on SM Energy to $22.00 and set a “buy” rating for the company in a research note on Friday, February 22nd. Macquarie lowered SM Energy from an “outperform” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Friday, February 22nd. Zacks Investment Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, Barclays set a $26.00 price target on SM Energy and gave the stock a “buy” rating in a research note on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.88.

Institutional investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. lifted its position in SM Energy by 1,531.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,485 shares of the energy company’s stock valued at $26,000 after buying an additional 1,394 shares during the period. Twin Tree Management LP purchased a new position in SM Energy during the first quarter valued at $36,000. Oregon Public Employees Retirement Fund lifted its position in SM Energy by 1,476.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 632,250 shares of the energy company’s stock valued at $41,000 after buying an additional 592,145 shares during the period. Private Capital Group LLC lifted its position in SM Energy by 113.3% during the first quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock valued at $44,000 after buying an additional 1,347 shares during the period. Finally, Bessemer Group Inc. purchased a new position in SM Energy during the fourth quarter valued at $75,000. 99.11% of the stock is owned by institutional investors and hedge funds.

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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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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