SM Energy (SM) Shares Gap Up to $18.31

Shares of SM Energy Co (NYSE:SM) gapped up before the market opened on Monday . The stock had previously closed at $18.55, but opened at $18.31. SM Energy shares last traded at $17.97, with a volume of 72782 shares trading hands.

SM has been the topic of several recent analyst reports. Zacks Investment Research downgraded SM Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, December 31st. Macquarie downgraded SM Energy from an “outperform” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Friday, February 22nd. Barclays initiated coverage on SM Energy in a research note on Wednesday, January 16th. They set an “overweight” rating and a $27.00 target price on the stock. ValuEngine upgraded SM Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Capital One Financial downgraded SM Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. SM Energy currently has a consensus rating of “Buy” and an average price target of $29.56.

The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $2.01 billion, a P/E ratio of 592.67 and a beta of 3.12.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, February 20th. The energy company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.07). The business had revenue of $394.20 million for the quarter, compared to the consensus estimate of $373.95 million. SM Energy had a net margin of 24.60% and a return on equity of 0.15%. SM Energy’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. Equities analysts anticipate that SM Energy Co will post -0.12 EPS for the current fiscal year.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 0.58%. SM Energy’s dividend payout ratio is presently 333.33%.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in SM Energy by 4.1% in the third quarter. Vanguard Group Inc. now owns 11,191,722 shares of the energy company’s stock worth $352,875,000 after acquiring an additional 445,168 shares in the last quarter. Vanguard Group Inc grew its position in SM Energy by 4.1% in the third quarter. Vanguard Group Inc now owns 11,191,722 shares of the energy company’s stock worth $352,875,000 after acquiring an additional 445,168 shares in the last quarter. BlackRock Inc. grew its position in SM Energy by 2.7% in the fourth quarter. BlackRock Inc. now owns 9,335,812 shares of the energy company’s stock worth $144,520,000 after acquiring an additional 247,649 shares in the last quarter. Dimensional Fund Advisors LP grew its position in SM Energy by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,716,900 shares of the energy company’s stock worth $134,938,000 after acquiring an additional 631,315 shares in the last quarter. Finally, Millennium Management LLC grew its position in SM Energy by 37.5% in the fourth quarter. Millennium Management LLC now owns 8,613,431 shares of the energy company’s stock worth $133,336,000 after acquiring an additional 2,348,170 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. 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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