Shares of SM Energy Company (NYSE:SM) gapped down before the market opened on Wednesday . The stock had previously closed at $22.59, but opened at $20.85. SM Energy shares last traded at $19.66, with a volume of 4673700 shares traded.
SM has been the topic of a number of recent research reports. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a research report on Saturday, August 5th. Barclays PLC upped their price objective on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Thursday, November 9th. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Finally, BidaskClub lowered SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. SM Energy currently has an average rating of “Hold” and an average price target of $27.47.
The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. During the same quarter in the prior year, the firm posted ($0.37) earnings per share. SM Energy’s revenue for the quarter was down 16.2% on a year-over-year basis. sell-side analysts forecast that SM Energy Company will post -1.01 earnings per share for the current year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th were paid a $0.05 dividend. The ex-dividend date was Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio is presently -2.93%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of SM Energy by 12.1% during the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after buying an additional 1,064 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of SM Energy during the second quarter worth about $165,000. B & T Capital Management DBA Alpha Capital Management boosted its stake in shares of SM Energy by 3.2% during the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock worth $181,000 after buying an additional 335 shares during the period. ING Groep NV acquired a new stake in shares of SM Energy during the second quarter worth about $197,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of SM Energy by 43.7% during the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after buying an additional 3,762 shares during the period. Institutional investors own 98.04% of the company’s stock.
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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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