Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SM Energy (SM) Share Price
News coverage about SM Energy (NYSE:SM) has trended somewhat positive on Thursday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SM Energy earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the energy company an impact score of 48.1191204404825 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of SM Energy (NYSE SM) traded up $0.03 during trading hours on Thursday, hitting $19.57. The stock had a trading volume of 2,763,377 shares, compared to its average volume of 3,798,341. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $42.45.
SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.07. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $300.80 million. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The company’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.37) EPS. analysts expect that SM Energy will post -1.01 EPS for the current fiscal year.
A number of equities analysts recently issued reports on SM shares. BMO Capital Markets set a $20.00 price target on SM Energy and gave the stock a “hold” rating in a report on Saturday, August 5th. Barclays PLC raised their price target on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, November 9th. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Finally, BidaskClub lowered SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.47.
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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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