SM Energy (SM) Shares Gap Up to $21.65

Shares of SM Energy Co (NYSE:SM) gapped up prior to trading on Tuesday . The stock had previously closed at $22.01, but opened at $21.65. SM Energy shares last traded at $21.00, with a volume of 83226 shares trading hands.

Several analysts have recently issued reports on SM shares. Howard Weil raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, September 27th. Williams Capital set a $44.00 target price on shares of SM Energy and gave the stock a “buy” rating in a report on Friday, November 2nd. Scotia Howard Weill raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, September 27th. Wells Fargo & Co raised shares of SM Energy from a “market perform” rating to an “outperform” rating and set a $43.00 target price on the stock in a report on Tuesday, October 23rd. Finally, Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, October 9th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. SM Energy currently has a consensus rating of “Buy” and an average target price of $33.86.

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -25.10, a P/E/G ratio of 10.14 and a beta of 2.99.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, November 1st. The energy company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.17). The company had revenue of $459.37 million during the quarter, compared to the consensus estimate of $429.63 million. SM Energy had a return on equity of 0.59% and a net margin of 8.56%. SM Energy’s quarterly revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.25) EPS. Equities analysts predict that SM Energy Co will post 0.2 earnings per share for the current year.

The business also recently declared a semiannual dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th were issued a $0.05 dividend. This represents a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, October 25th. SM Energy’s payout ratio is -12.20%.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of SM Energy by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,191,722 shares of the energy company’s stock worth $352,875,000 after buying an additional 445,168 shares during the last quarter. BlackRock Inc. boosted its stake in shares of SM Energy by 0.8% in the 3rd quarter. BlackRock Inc. now owns 9,088,163 shares of the energy company’s stock valued at $286,549,000 after purchasing an additional 73,711 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of SM Energy by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,085,585 shares of the energy company’s stock valued at $254,939,000 after purchasing an additional 562,244 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of SM Energy by 209.4% in the 2nd quarter. Bank of America Corp DE now owns 3,471,682 shares of the energy company’s stock valued at $89,187,000 after purchasing an additional 2,349,442 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of SM Energy by 4.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,019,194 shares of the energy company’s stock valued at $95,195,000 after purchasing an additional 140,455 shares in the last quarter.

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SM Energy Company Profile (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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