SM has been the subject of a number of other research reports. BidaskClub cut shares of SM Energy from a sell rating to a strong sell rating in a report on Tuesday, August 8th. Bank of America Corporation initiated coverage on shares of SM Energy in a report on Wednesday, July 19th. They set a neutral rating and a $20.00 price objective for the company. Royal Bank Of Canada set a $20.00 price objective on shares of SM Energy and gave the company a hold rating in a report on Thursday, August 24th. Barclays PLC decreased their price objective on shares of SM Energy from $21.00 to $20.00 and set an overweight rating for the company in a report on Tuesday, August 8th. Finally, Williams Capital set a $32.00 price objective on shares of SM Energy and gave the company a buy rating in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. SM Energy currently has an average rating of Hold and an average price target of $30.00.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.32). The business had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. SM Energy’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.44) earnings per share.
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The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be issued a $0.05 dividend. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, October 19th. SM Energy’s dividend payout ratio (DPR) is presently -3.19%.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of SM Energy by 16.2% in the first quarter. Vanguard Group Inc. now owns 8,779,746 shares of the energy company’s stock valued at $210,889,000 after buying an additional 1,226,564 shares during the period. Causeway Capital Management LLC boosted its holdings in shares of SM Energy by 230.1% in the first quarter. Causeway Capital Management LLC now owns 6,909,664 shares of the energy company’s stock valued at $189,801,000 after buying an additional 4,816,230 shares during the period. Key Group Holdings Cayman LTD. boosted its holdings in shares of SM Energy by 40.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock valued at $87,701,000 after buying an additional 1,538,955 shares during the period. State Street Corp boosted its holdings in shares of SM Energy by 17.7% in the second quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after buying an additional 780,106 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of SM Energy by 12.6% in the second quarter. Alliancebernstein L.P. now owns 4,497,847 shares of the energy company’s stock valued at $74,349,000 after buying an additional 504,248 shares during the period. Institutional investors own 97.05% of the company’s stock.
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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