SM Energy Co (SM) Stock Rating Reaffirmed by Scotiabank
Other research analysts have also issued research reports about the company. Williams Capital reiterated a buy rating and issued a $45.00 target price on shares of SM Energy in a research report on Monday, April 17th. Bank of America Corp assumed coverage on SM Energy in a report on Wednesday, January 4th. They issued a buy rating and a $52.00 target price on the stock. BMO Capital Markets reissued a hold rating and set a $35.00 price objective on shares of SM Energy in a research report on Wednesday, January 11th. Royal Bank of Canada set a $36.00 price objective on SM Energy and gave the stock a hold rating in a research report on Tuesday, April 25th. Finally, Deutsche Bank AG decreased their price target on SM Energy from $39.00 to $36.00 and set a hold rating on the stock in a research report on Tuesday, March 7th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. SM Energy presently has an average rating of Buy and a consensus target price of $39.94.
SM Energy (NYSE:SM) traded up 3.59% on Thursday, hitting $21.38. 1,675,336 shares of the stock were exchanged. The stock’s 50 day moving average price is $22.30 and its 200 day moving average price is $28.64. SM Energy has a 52-week low of $19.32 and a 52-week high of $43.09. The firm’s market cap is $2.38 billion.
SM Energy (NYSE:SM) last posted its earnings results on Tuesday, May 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.54. The business had revenue of $372.74 million during the quarter, compared to analyst estimates of $309.43 million. SM Energy had a negative return on equity of 10.79% and a negative net margin of 78.60%. Equities research analysts forecast that SM Energy will post ($0.84) earnings per share for the current year.
The company also recently announced a semiannual dividend, which was paid on Wednesday, May 3rd. Investors of record on Friday, April 21st were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a yield of 0.43%. SM Energy’s payout ratio is -0.76%.
In other news, EVP Herbert S. Vogel bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The shares were acquired at an average price of $25.70 per share, for a total transaction of $25,700.00. Following the completion of the acquisition, the executive vice president now directly owns 28,037 shares in the company, valued at $720,550.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Javan D. Ottoson bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was purchased at an average price of $25.22 per share, for a total transaction of $126,100.00. Following the acquisition, the chief executive officer now owns 138,102 shares of the company’s stock, valued at $3,482,932.44. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 20,000 shares of company stock worth $500,100. 1.70% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale raised its position in shares of SM Energy by 188.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 5,006 shares of the energy company’s stock valued at $198,000 after buying an additional 3,272 shares in the last quarter. American International Group Inc. raised its position in shares of SM Energy by 27.3% in the third quarter. American International Group Inc. now owns 167,823 shares of the energy company’s stock valued at $6,475,000 after buying an additional 35,955 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in SM Energy during the fourth quarter valued at approximately $1,845,000. Hodges Capital Management Inc. acquired a new stake in SM Energy during the fourth quarter valued at approximately $6,460,000. Finally, State Street Corp increased its stake in SM Energy by 5.2% in the fourth quarter. State Street Corp now owns 3,814,969 shares of the energy company’s stock valued at $131,534,000 after buying an additional 189,353 shares during the last quarter. Hedge funds and other institutional investors own 88.28% of the company’s stock.
About SM Energy
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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