Shares of SM Energy Co (NYSE:SM) dropped 0.9% on Thursday . The company traded as low as $29.89 and last traded at $29.83. Approximately 81,109 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 3,040,869 shares. The stock had previously closed at $30.10.

SM has been the topic of a number of analyst reports. B. Riley downgraded shares of SM Energy from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a research report on Thursday, July 12th. Citigroup increased their price target on shares of SM Energy to $29.00 and gave the company a “neutral” rating in a research report on Friday, August 17th. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 27th. KLR Group reiterated a “buy” rating and issued a $40.00 price target on shares of SM Energy in a research report on Monday, August 20th. Finally, Howard Weil upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, September 27th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.60.

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.54 billion, a P/E ratio of -36.71, a P/E/G ratio of 8.35 and a beta of 3.03.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. The company had revenue of $402.60 million during the quarter, compared to analysts’ expectations of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The business’s quarterly revenue was up 41.3% on a year-over-year basis. During the same period last year, the business earned ($0.32) EPS. As a group, equities research analysts forecast that SM Energy Co will post 0.38 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 25th. This represents a dividend yield of 0.31%. SM Energy’s dividend payout ratio is currently -12.20%.

Several institutional investors and hedge funds have recently modified their holdings of SM. Bank of America Corp DE grew its stake in shares of SM Energy by 209.4% during the 2nd quarter. Bank of America Corp DE now owns 3,471,682 shares of the energy company’s stock worth $89,187,000 after acquiring an additional 2,349,442 shares in the last quarter. Millennium Management LLC grew its stake in shares of SM Energy by 33.0% during the 1st quarter. Millennium Management LLC now owns 9,116,966 shares of the energy company’s stock worth $164,379,000 after acquiring an additional 2,263,004 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of SM Energy by 1,195.8% during the 1st quarter. Point72 Asset Management L.P. now owns 1,626,200 shares of the energy company’s stock worth $29,320,000 after acquiring an additional 1,500,700 shares in the last quarter. Wexford Capital LP bought a new position in shares of SM Energy during the 1st quarter worth approximately $20,727,000. Finally, BlueMountain Capital Management LLC grew its stake in shares of SM Energy by 376.1% during the 2nd quarter. BlueMountain Capital Management LLC now owns 1,266,031 shares of the energy company’s stock worth $32,524,000 after acquiring an additional 1,000,107 shares in the last quarter.

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. It primarily has operations in the Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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