SM Energy Co. (NYSE:SM) was upgraded by equities researchers at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday.
Several other research analysts have also recently issued reports on the stock. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $35.00 to $48.00 in a report on Tuesday, October 4th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, October 4th. Howard Weil upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $35.00 to $48.00 in a report on Tuesday, October 4th. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $53.00 in a report on Tuesday, August 30th. Finally, Williams Capital began coverage on shares of SM Energy in a report on Monday, August 29th. They issued a “buy” rating and a $57.00 price objective for the company. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.52.
SM Energy (NYSE:SM) opened at 38.72 on Tuesday. The firm has a 50-day moving average price of $37.27 and a 200 day moving average price of $30.81. The firm’s market capitalization is $2.65 billion. SM Energy has a one year low of $6.99 and a one year high of $42.33.
SM Energy (NYSE:SM) last posted its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.71) by $0.27. The business earned $341.80 million during the quarter, compared to analysts’ expectations of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The business’s revenue was down 33.8% on a year-over-year basis. During the same period last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that SM Energy will post ($2.38) earnings per share 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 given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a yield of 0.29%. SM Energy’s dividend 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 sale, the senior vice president now directly owns 43,417 shares in the company, valued at approximately $1,736,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of SM. MSI Financial Services Inc raised its stake 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 in the last quarter. Capstone Asset Management Co. raised its stake in shares of SM Energy by 9.6% in the third quarter. Capstone Asset Management Co. now owns 12,356 shares of the energy company’s stock valued at $477,000 after buying an additional 1,080 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of SM Energy during the third quarter valued at $617,000. Macquarie Group Ltd. raised its stake in shares of SM Energy by 0.5% in the second quarter. Macquarie Group Ltd. now owns 1,580,149 shares of the energy company’s stock valued at $42,664,000 after buying an additional 7,598 shares during the period. Finally, Mason Street Advisors LLC acquired a new stake in shares of SM Energy during the second quarter valued at $838,000. Institutional investors own 82.83% of the company’s stock.
SM Energy Company Profile