SM Energy Co. (SM) Receives Average Rating of “Hold” from Analysts
SM Energy Co. (NYSE:SM) has been given a consensus recommendation of “Hold” by the twenty-seven analysts that are currently covering the company. Two equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $36.32.
Several equities research analysts have weighed in on SM shares. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Friday, August 19th. KLR Group upgraded shares of SM Energy from an “accumulate” rating to a “buy” rating and increased their target price for the stock from $37.00 to $43.00 in a report on Tuesday, August 9th. Williams Capital started coverage on shares of SM Energy in a report on Monday, August 29th. They issued a “buy” rating and a $57.00 target price on the stock. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $53.00 in a report on Tuesday, August 30th. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 target price on shares of SM Energy in a report on Wednesday, July 6th.
In other SM Energy news, SVP Kenneth J. Knott sold 661 shares of SM Energy stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $40.00, for a total value of $26,440.00. Following the completion of the sale, the senior vice president now owns 43,417 shares in the company, valued at approximately $1,736,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of SM Energy by 14.0% in the first quarter. State Street Corp now owns 3,778,006 shares of the energy company’s stock valued at $70,795,000 after buying an additional 464,526 shares during the period. HBK Investments L P boosted its stake in shares of SM Energy by 560.3% in the first quarter. HBK Investments L P now owns 876,907 shares of the energy company’s stock valued at $16,433,000 after buying an additional 744,107 shares during the period. Spark Investment Management LLC acquired a new stake in shares of SM Energy during the first quarter valued at $2,640,000. TIAA CREF Investment Management LLC boosted its stake in shares of SM Energy by 56.3% in the first quarter. TIAA CREF Investment Management LLC now owns 304,932 shares of the energy company’s stock valued at $5,714,000 after buying an additional 109,812 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of SM Energy during the first quarter valued at $457,000. Institutional investors and hedge funds own 82.89% of the company’s stock.
Shares of SM Energy (NYSE:SM) opened at 38.90 on Tuesday. The company’s market capitalization is $2.66 billion. The company has a 50-day moving average of $37.24 and a 200-day moving average of $30.49. SM Energy has a one year low of $6.99 and a one year high of $42.33.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.27. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The firm had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $328.18 million. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. On average, analysts anticipate that SM Energy will post ($2.38) earnings per share for the current year.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 21st will be paid a $0.05 dividend. This represents a yield of 0.29%. The ex-dividend date is Wednesday, October 19th. SM Energy’s dividend payout ratio (DPR) is -0.80%.
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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