Mitsubishi UFJ Financial Group Reaffirms “Neutral” Rating for SM Energy Company (SM)
A number of other equities research analysts have also weighed in on the stock. Williams Capital reaffirmed a buy rating and set a $30.00 target price on shares of SM Energy in a research note on Friday, September 15th. Royal Bank Of Canada set a $20.00 target price on shares of SM Energy and gave the company a hold rating in a research note on Thursday, August 24th. Barclays PLC cut their target price on shares of SM Energy from $21.00 to $20.00 and set an overweight rating on the stock in a research note on Tuesday, August 8th. BidaskClub lowered shares of SM Energy from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the company a hold rating in a research note on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. SM Energy currently has an average rating of Hold and a consensus price target of $29.85.
SM Energy (NYSE:SM) opened at 17.94 on Monday. The company’s market cap is $2.00 billion. The stock’s 50 day moving average is $15.21 and its 200-day moving average is $18.05. SM Energy has a 52-week low of $12.29 and a 52-week high of $43.09.
SM Energy (NYSE:SM) last announced its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.32). The firm had revenue of $284.94 million for the quarter, compared to analyst estimates of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.44) EPS. Equities research analysts predict that SM Energy will post ($1.13) EPS for the current fiscal year.
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The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, October 19th. This represents a dividend yield of 0.54%. SM Energy’s dividend payout ratio is presently -3.19%.
Several hedge funds and other institutional investors have recently modified their holdings of SM. Pacer Advisors Inc. lifted its stake in shares of SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after buying an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of SM Energy in the second quarter worth approximately $165,000. Credit Agricole S A lifted its stake in shares of SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock worth $171,000 after buying an additional 831 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its stake in shares of SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock worth $181,000 after buying an additional 335 shares in the last quarter. Finally, ING Groep NV bought a new position in shares of SM Energy in the second quarter worth approximately $197,000. Hedge funds and other institutional investors own 97.05% 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 in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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