SM Energy Company (SM) Debt Trading 0.9% Lower

An issue of SM Energy Company (NYSE:SM) bonds fell 0.9% as a percentage of their face value during trading on Wednesday. The debt issue has a 6.125% coupon and will mature on November 15, 2022. The debt is now trading at $100.50 and was trading at $99.75 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

SM has been the subject of a number of recent analyst reports. Williams Capital set a $32.00 price objective on SM Energy and gave the company a “buy” rating in a report on Friday, August 4th. KeyCorp restated a “buy” rating and set a $26.00 price objective on shares of SM Energy in a report on Friday, October 20th. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, November 9th. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, Royal Bank Of Canada set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. SM Energy has a consensus rating of “Hold” and a consensus target price of $27.67.

SM Energy Company (NYSE SM) traded up $1.00 on Wednesday, hitting $21.05. The stock had a trading volume of 3,568,253 shares, compared to its average volume of 3,790,330. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53. SM Energy Company has a 52-week low of $12.29 and a 52-week high of $42.45.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.07. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $300.80 million. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The business’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.37) EPS. research analysts expect that SM Energy Company will post -1.01 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th were given a $0.05 dividend. This represents a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 19th. SM Energy’s payout ratio is -2.93%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its position in shares of SM Energy by 2.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock worth $308,000 after acquiring an additional 418 shares in the last quarter. Virtu KCG Holdings LLC raised its position in shares of SM Energy by 2.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock worth $365,000 after acquiring an additional 475 shares in the last quarter. Atlantic Trust Group LLC raised its position in shares of SM Energy by 0.5% in the 2nd quarter. Atlantic Trust Group LLC now owns 99,559 shares of the energy company’s stock worth $1,645,000 after acquiring an additional 500 shares in the last quarter. Texas Permanent School Fund raised its position in shares of SM Energy by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 71,482 shares of the energy company’s stock worth $1,182,000 after acquiring an additional 597 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of SM Energy by 1.5% in the 2nd quarter. State Treasurer State of Michigan now owns 40,400 shares of the energy company’s stock worth $668,000 after acquiring an additional 600 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

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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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