SM Energy (NYSE:SM) Shares Gap Up to $8.49

SM Energy Co (NYSE:SM)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $8.77, but opened at $8.49. SM Energy shares last traded at $8.39, with a volume of 130,470 shares changing hands.

Several brokerages recently issued reports on SM. Williams Capital reiterated a “buy” rating and set a $15.00 price target on shares of SM Energy in a research report on Friday, November 1st. KeyCorp reduced their price objective on shares of SM Energy from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Wells Fargo & Co reduced their price target on shares of SM Energy from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Tuesday, November 12th. Seaport Global Securities lowered shares of SM Energy from a “buy” rating to a “neutral” rating in a report on Thursday, October 10th. Finally, Barclays lowered their price objective on shares of SM Energy from $13.00 to $9.00 and set an “underweight” rating for the company in a research report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. SM Energy currently has an average rating of “Hold” and a consensus target price of $17.06.

The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $8.52 and its 200-day simple moving average is $10.11. The firm has a market capitalization of $958.16 million, a P/E ratio of 280.33 and a beta of 3.01.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, October 31st. The energy company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. SM Energy had a net margin of 14.67% and a negative return on equity of 2.42%. The firm had revenue of $390.30 million for the quarter, compared to analysts’ expectations of $387.68 million. During the same quarter last year, the firm earned ($0.01) EPS. The company’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, equities research analysts expect that SM Energy Co will post -0.51 EPS for the current year.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, October 25th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a dividend yield of 1%. SM Energy’s payout ratio is presently 333.33%.

A number of large investors have recently modified their holdings of SM. Meeder Asset Management Inc. boosted its position in shares of SM Energy by 2.5% during the second quarter. Meeder Asset Management Inc. now owns 46,839 shares of the energy company’s stock worth $586,000 after buying an additional 1,149 shares during the period. Point72 Hong Kong Ltd raised its position in SM Energy by 13.8% during the second quarter. Point72 Hong Kong Ltd now owns 13,705 shares of the energy company’s stock valued at $172,000 after buying an additional 1,657 shares during the period. Texas Permanent School Fund lifted its position in shares of SM Energy by 3.0% in the third quarter. Texas Permanent School Fund now owns 72,206 shares of the energy company’s stock worth $700,000 after purchasing an additional 2,123 shares in the last quarter. Panagora Asset Management Inc. lifted its position in SM Energy by 27.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 12,798 shares of the energy company’s stock worth $160,000 after buying an additional 2,730 shares in the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of SM Energy by 29.5% in the 2nd quarter. Dupont Capital Management Corp now owns 15,349 shares of the energy company’s stock valued at $192,000 after buying an additional 3,500 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

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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