Traders Buy SM Energy Company (SM) on Weakness
Investors purchased shares of SM Energy Company (NYSE:SM) on weakness during trading on Tuesday. $18.32 million flowed into the stock on the tick-up and $5.93 million flowed out of the stock on the tick-down, for a money net flow of $12.39 million into the stock. Of all stocks tracked, SM Energy had the 25th highest net in-flow for the day. SM Energy traded down ($0.03) for the day and closed at $20.05
SM has been the topic of several analyst reports. Williams Capital set a $32.00 price target on shares of SM Energy and gave the company a “buy” rating in a research note on Friday, August 4th. KeyCorp restated a “buy” rating and issued a $26.00 price target on shares of SM Energy in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, November 9th. BMO Capital Markets set a $20.00 price target on shares of SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Finally, Royal Bank Of Canada set a $20.00 price target on shares of SM Energy and gave the company a “hold” rating in a research note on Thursday, August 24th. One 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’s stock. SM Energy presently has a consensus rating of “Hold” and a consensus target price of $27.60.
The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20.
SM Energy (NYSE:SM) last issued its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.32) by $0.07. The firm had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.37) earnings per share. equities research analysts predict that SM Energy Company will post -1.01 EPS for the current year.
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 20th were issued a dividend of $0.05 per share. This represents a yield of 0.54%. The ex-dividend date was Thursday, October 19th. SM Energy’s payout ratio is -2.94%.
Large investors have recently modified their holdings of the stock. Paloma Partners Management Co bought a new stake in SM Energy during the first quarter worth approximately $211,000. Pacer Advisors Inc. lifted its position in shares of SM Energy by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after acquiring an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of SM Energy in the 2nd quarter valued at approximately $165,000. ING Groep NV purchased a new stake in shares of SM Energy in the 2nd quarter valued at approximately $197,000. Finally, Russell Investments Group Ltd. lifted its position in shares of SM Energy by 43.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after acquiring an additional 3,762 shares in the last quarter. Hedge funds and other institutional investors own 98.04% 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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