SM Energy Company (SM) Shares Gap Down to $17.74
Shares of SM Energy Company (NYSE:SM) gapped down before the market opened 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.
SM has been the topic of a number of recent research reports. Williams Capital reissued a “buy” rating and issued a $30.00 price target on shares of SM Energy in a report on Friday, September 15th. Royal Bank Of Canada set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Barclays PLC cut their price objective on SM Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, BMO Capital Markets set a $20.00 target price on SM Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.73.
The firm has a 50-day moving average of $15.00 and a 200 day moving average of $18.08. The stock’s market cap is $1.97 billion.
SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting analysts’ consensus estimates of ($0.32). The firm had revenue of $284.94 million during the quarter, compared to analysts’ expectations of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.44) earnings per share. On average, equities research analysts predict that SM Energy Company will post ($1.14) 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. Shareholders of record on Friday, October 20th will be given a $0.05 dividend. The ex-dividend date is Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio is presently -3.19%.
A number of hedge funds have recently made changes to their positions in SM. Waldron LP boosted its position in SM Energy by 14.6% during the first quarter. Waldron LP now owns 40,737 shares of the energy company’s stock valued at $978,000 after acquiring an additional 5,185 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in SM Energy by 35.3% during the 1st quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock worth $207,000 after acquiring an additional 2,245 shares during the period. Great West Life Assurance Co. Can grew its holdings in SM Energy by 5.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 57,301 shares of the energy company’s stock worth $1,376,000 after acquiring an additional 3,152 shares during the period. American Century Companies Inc. grew its holdings in SM Energy by 178.0% during the 1st quarter. American Century Companies Inc. now owns 24,909 shares of the energy company’s stock worth $598,000 after acquiring an additional 15,949 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in SM Energy by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,119,701 shares of the energy company’s stock worth $26,894,000 after acquiring an additional 38,920 shares during the period. Institutional investors and hedge funds own 97.05% 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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