SM Energy (SM) Trading Down 5.6%
SM Energy Co (NYSE:SM) was down 5.6% on Thursday . The stock traded as low as $18.59 and last traded at $19.43. Approximately 3,129,461 shares were traded during trading, an increase of 5% from the average daily volume of 2,984,805 shares. The stock had previously closed at $20.58.
Several research analysts recently weighed in on SM shares. Wells Fargo & Co upgraded shares of SM Energy from a “market perform” rating to an “outperform” rating and set a $43.00 price objective on the stock in a research report on Tuesday, October 23rd. Williams Capital set a $44.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research report on Thursday, October 18th. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to an “outperform” rating in a research report on Thursday, September 27th. Citigroup upped their target price on SM Energy to $29.00 and gave the stock a “neutral” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, October 9th. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. SM Energy has an average rating of “Buy” and an average target price of $33.67.
The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $2.31 billion, a P/E ratio of -23.70, a price-to-earnings-growth ratio of 10.23 and a beta of 2.98.
The company also recently announced a semiannual dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, October 26th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 25th. This represents a yield of 0.31%. SM Energy’s payout ratio is -12.20%.
A number of large investors have recently made changes to their positions in the business. Qube Research & Technologies Ltd purchased a new position in shares of SM Energy during the 2nd quarter valued at about $109,000. IFP Advisors Inc lifted its position in shares of SM Energy by 340.7% during the 3rd quarter. IFP Advisors Inc now owns 4,341 shares of the energy company’s stock valued at $137,000 after buying an additional 3,356 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of SM Energy by 50.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock valued at $199,000 after buying an additional 2,570 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of SM Energy during the 3rd quarter valued at about $221,000. Finally, LPL Financial LLC purchased a new position in shares of SM Energy during the 3rd quarter valued at about $232,000.
About SM Energy (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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