SM Energy Co. (SM) Upgraded to “Overweight” at Capital One Financial Corp.
SM has been the subject of several other reports. Seaport Global Securities upgraded SM Energy from a neutral rating to a buy rating and increased their target price for the company from $30.00 to $53.00 in a research report on Tuesday, August 30th. Scotiabank upgraded SM Energy from a sector perform rating to a sector outperform rating and increased their target price for the company from $35.00 to $48.00 in a research report on Tuesday, October 4th. Howard Weil upgraded SM Energy from a sector perform rating to a sector outperform rating and increased their target price for the company from $35.00 to $48.00 in a research report on Tuesday, October 4th. Williams Capital initiated coverage on SM Energy in a research report on Monday, August 29th. They issued a buy rating and a $57.00 target price for the company. Finally, Cantor Fitzgerald reiterated a hold rating on shares of SM Energy in a research report on Sunday, August 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $34.64.
Shares of SM Energy (NYSE:SM) traded up 3.49% during trading on Tuesday, hitting $40.37. The company had a trading volume of 790,681 shares. The stock has a 50-day moving average of $37.32 and a 200 day moving average of $30.87. The stock’s market capitalization is $2.76 billion. SM Energy has a 12-month low of $6.99 and a 12-month high of $43.09.
SM Energy (NYSE:SM) last released its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.71) by $0.27. The business had revenue of $341.80 million for the quarter, compared to analyst estimates of $328.18 million. SM Energy had a negative return on equity of 9.92% and a negative net margin of 73.55%. SM Energy’s revenue was down 33.8% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. On average, analysts predict that SM Energy will post ($2.38) EPS for the current fiscal year.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 2nd. Investors of record on Friday, October 21st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a dividend yield of 0.29%. SM Energy’s payout ratio is -0.80%.
In related news, SVP Kenneth J. Knott sold 661 shares of the business’s stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $40.00, for a total transaction of $26,440.00. Following the completion of the transaction, the senior vice president now directly owns 43,417 shares in the company, valued at $1,736,680. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. MSI Financial Services Inc boosted its position in SM Energy by 35.0% in the third quarter. MSI Financial Services Inc now owns 20,938 shares of the energy company’s stock valued at $808,000 after buying an additional 5,430 shares during the last quarter. Capstone Asset Management Co. boosted its position in SM Energy by 9.6% in the third quarter. Capstone Asset Management Co. now owns 12,356 shares of the energy company’s stock worth $477,000 after buying an additional 1,080 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in SM Energy during the third quarter worth about $617,000. Macquarie Group Ltd. boosted its position in SM Energy by 0.5% in the second quarter. Macquarie Group Ltd. now owns 1,580,149 shares of the energy company’s stock worth $42,664,000 after buying an additional 7,598 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new position in SM Energy during the second quarter worth about $838,000. Institutional investors and hedge funds own 82.83% of the company’s stock.
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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