Shares of SM Energy Co (NYSE:SM) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.79.
A number of research analysts have issued reports on SM shares. BidaskClub downgraded shares of SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. KeyCorp restated a “buy” rating and set a $26.00 target price on shares of SM Energy in a research report on Friday, October 20th. J P Morgan Chase & Co upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research report on Monday, October 23rd. Finally, Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd.
SM Energy (NYSE:SM) opened at $21.81 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.21 and a current ratio of 2.21.
SM Energy (NYSE:SM) last released its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.07. SM Energy had a negative net margin of 29.98% and a negative return on equity of 14.55%. The company had revenue of $295.40 million for the quarter, compared to the consensus estimate of $300.80 million. During the same period in the prior year, the company posted ($0.37) EPS. The company’s revenue was down 16.2% compared to the same quarter last year. research analysts predict that SM Energy will post -1.11 earnings per share for the current year.
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 20th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s payout ratio is -2.93%.
A number of hedge funds and other institutional investors have recently bought and sold shares of SM. Russell Investments Group Ltd. increased its stake in SM Energy by 35.3% during the 1st quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock worth $207,000 after purchasing an additional 2,245 shares in the last quarter. Vanguard Group Inc. increased its stake in SM Energy by 16.2% during the 1st quarter. Vanguard Group Inc. now owns 8,779,746 shares of the energy company’s stock worth $210,889,000 after purchasing an additional 1,226,564 shares in the last quarter. Geode Capital Management LLC increased its stake in SM Energy by 17.8% during the 1st quarter. Geode Capital Management LLC now owns 821,243 shares of the energy company’s stock worth $19,726,000 after purchasing an additional 124,044 shares in the last quarter. Morgan Stanley increased its stake in SM Energy by 153.1% during the 1st quarter. Morgan Stanley now owns 402,816 shares of the energy company’s stock worth $9,675,000 after purchasing an additional 243,667 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in SM Energy during the 1st quarter worth approximately $3,211,000. 96.76% of the stock is owned by institutional investors and hedge funds.
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About SM Energy
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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