SM Energy Company (NYSE:SM)’s share price gapped down prior to trading on Monday . The stock had previously closed at $18.39, but opened at $17.74. SM Energy shares last traded at $17.69, with a volume of 4,400,745 shares.

Several equities analysts have recently issued reports on SM shares. BMO Capital Markets set a $20.00 price objective on shares of SM Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Seaport Global Securities cut shares of SM Energy from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $16.00 in a research note on Wednesday, June 21st. Scotiabank set a $19.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, July 1st. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a research report on Monday. Finally, BidaskClub downgraded shares of SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. SM Energy presently has a consensus rating of “Hold” and a consensus target price of $31.73.

The firm has a 50-day moving average price of $15.11 and a 200-day moving average price of $18.06. The firm’s market capitalization is $2.01 billion.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.32). SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The company had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. During the same quarter in the prior year, the firm earned ($0.44) EPS. SM Energy’s quarterly revenue was down 16.6% on a year-over-year basis. Equities analysts forecast that SM Energy Company will post ($1.13) earnings per share for the current fiscal year.

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 issued a $0.05 dividend. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, October 19th. SM Energy’s payout ratio is -3.19%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its position in SM Energy by 87.2% in the second quarter. BNP Paribas Arbitrage SA now owns 85,207 shares of the energy company’s stock valued at $1,408,000 after purchasing an additional 39,683 shares during the period. Amalgamated Bank boosted its holdings in SM Energy by 3.9% in the 1st quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock valued at $349,000 after purchasing an additional 549 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in SM Energy by 1.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 91,208 shares of the energy company’s stock valued at $2,191,000 after purchasing an additional 1,157 shares in the last quarter. US Bancorp DE boosted its holdings in SM Energy by 0.8% in the 2nd quarter. US Bancorp DE now owns 79,856 shares of the energy company’s stock valued at $1,320,000 after purchasing an additional 613 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in SM Energy by 17.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,523,022 shares of the energy company’s stock valued at $60,600,000 after purchasing an additional 375,453 shares in the last quarter. 97.05% of the stock is owned by hedge funds and other institutional investors.

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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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