SM Energy Company (SM) Given New $21.00 Price Target at Barclays PLC

SM Energy Company (NYSE:SM) had its price objective increased by Barclays PLC from $20.00 to $21.00 in a research note issued to investors on Wednesday morning. The firm currently has an overweight rating on the energy company’s stock.

Several other equities research analysts also recently weighed in on SM. Zacks Investment Research downgraded shares of SM Energy from a hold rating to a sell rating in a research note on Thursday, July 27th. BMO Capital Markets set a $21.00 target price on shares of SM Energy and gave the stock a hold rating in a research note on Tuesday. Mitsubishi UFJ Financial Group reaffirmed a neutral rating on shares of SM Energy in a research note on Monday, October 2nd. Bank of America Corporation began coverage on shares of SM Energy in a research note on Wednesday, July 19th. They set a neutral rating and a $20.00 target price on the stock. Finally, Scotiabank set a $19.00 target price on shares of SM Energy and gave the stock a hold rating in a research note on Saturday, July 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $30.00.

Shares of SM Energy (SM) traded down 0.59% during trading on Wednesday, reaching $18.63. 2,396,766 shares of the company’s stock were exchanged. The stock’s market cap is $2.08 billion. The company has a 50 day moving average of $15.83 and a 200 day moving average of $17.94. SM Energy has a 12-month low of $12.29 and a 12-month high of $43.09.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.32). The business had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The business’s revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.44) EPS. Equities research analysts anticipate that SM Energy will post ($1.10) EPS for the current year.

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The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Investors of record on Friday, October 20th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio (DPR) is -3.19%.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA raised its position in SM Energy by 87.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock valued at $1,408,000 after purchasing an additional 39,683 shares during the last quarter. Amalgamated Bank raised its position in SM Energy by 3.9% in the 1st quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock valued at $349,000 after purchasing an additional 549 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in SM Energy by 1.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 91,208 shares of the energy company’s stock valued at $2,191,000 after purchasing an additional 1,157 shares during the last quarter. US Bancorp DE raised its position in SM Energy by 0.8% in the 2nd quarter. US Bancorp DE now owns 79,856 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 613 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in SM Energy by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,523,022 shares of the energy company’s stock valued at $60,600,000 after purchasing an additional 375,453 shares during the last quarter. Hedge funds and other institutional investors own 97.05% of the company’s stock.

SM Energy Company Profile

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

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