The SM Energy Co. (SM) Lifted to Sector Outperform at Howard Weil

The SM Energy Co. (SM) Lifted to Sector Outperform at Howard Weil

Howard Weil upgraded shares of SM Energy Co. (NYSE:SM) from a sector perform rating to a sector outperform rating in a research report released on Tuesday. They currently have $48.00 target price on the energy company’s stock, up from their previous target price of $35.00.

SM has been the topic of a number of other research reports. Zacks Investment Research lowered shares of SM Energy from a buy rating to a hold rating in a research report on Tuesday, September 6th. 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 research report on Tuesday, August 30th. Williams Capital assumed coverage on shares of SM Energy in a research report on Monday, August 29th. They set a buy rating and a $57.00 target price on the stock. Mitsubishi UFJ Financial Group upgraded shares of SM Energy from an underweight rating to a neutral rating and set a $36.00 target price on the stock in a research report on Tuesday, August 23rd. Finally, Citigroup Inc. upgraded shares of SM Energy to a neutral rating and increased their target price for the stock from $16.00 to $36.00 in a research report on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $33.52.

SM Energy (NYSE:SM) opened at 40.12 on Tuesday. SM Energy has a 52-week low of $6.99 and a 52-week high of $42.23. The company’s market cap is $2.75 billion. The company has a 50-day moving average of $36.72 and a 200 day moving average of $29.66.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $341.80 million for the quarter, compared to analyst estimates of $328.18 million. During the same quarter in the prior year, the business earned $0.49 EPS. SM Energy’s quarterly revenue was down 33.8% on a year-over-year basis. Equities research analysts predict that SM Energy will post ($2.38) EPS for the current year.

The business also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 21st will be issued a $0.05 dividend. This represents a yield of 0.29%. The ex-dividend date of this dividend is Wednesday, October 19th. SM Energy’s payout ratio is -0.80%.

In other SM Energy news, SVP Kenneth J. Knott sold 661 shares of the firm’s stock in a transaction on 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 directly owns 43,417 shares in the company, valued at $1,736,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in SM Energy during the second quarter worth approximately $124,000. BlueMountain Capital Management LLC bought a new stake in SM Energy during the second quarter worth approximately $230,000. Teacher Retirement System of Texas boosted its stake in SM Energy by 11.9% in the second quarter. Teacher Retirement System of Texas now owns 9,305 shares of the energy company’s stock worth $251,000 after buying an additional 993 shares during the last quarter. Amalgamated Bank bought a new stake in SM Energy during the second quarter worth approximately $277,000. Finally, Tower Research Capital LLC TRC bought a new stake in SM Energy during the second quarter worth approximately $285,000. Institutional investors and hedge funds own 82.89% of the company’s stock.

SM Energy Company Profile

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