SM Energy (NYSE:SM – Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $49.00 to $54.00 in a report released on Tuesday, Benzinga reports. The firm currently has an overweight rating on the energy company’s stock.
A number of other research firms have also recently weighed in on SM. Mizuho lifted their price objective on SM Energy from $51.00 to $57.00 and gave the company a buy rating in a research report on Friday, April 5th. Seaport Res Ptn raised SM Energy from a neutral rating to a buy rating in a report on Wednesday, January 31st. KeyCorp lowered their price target on SM Energy from $56.00 to $51.00 and set an overweight rating on the stock in a report on Thursday, January 11th. Raymond James lowered their price target on SM Energy from $53.00 to $45.00 and set an outperform rating on the stock in a report on Monday, January 8th. Finally, Susquehanna boosted their price target on SM Energy from $38.00 to $42.00 and gave the stock a neutral rating in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $47.71.
View Our Latest Research Report on SM Energy
SM Energy Price Performance
Shares of NYSE:SM opened at $51.73 on Tuesday. SM Energy has a 1-year low of $25.03 and a 1-year high of $53.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average price of $44.02 and a 200-day moving average price of $40.31. The company has a market capitalization of $5.99 billion, a PE ratio of 7.53 and a beta of 4.20.
SM Energy (NYSE:SM – Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.39 by $0.17. The company had revenue of $608.73 million for the quarter, compared to analysts’ expectations of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. SM Energy’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm posted $1.29 earnings per share. As a group, equities analysts expect that SM Energy will post 5.99 EPS for the current fiscal year.
SM Energy Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, April 18th. SM Energy’s dividend payout ratio (DPR) is presently 10.48%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in SM Energy during the third quarter worth about $28,000. BluePath Capital Management LLC acquired a new stake in SM Energy during the third quarter worth about $32,000. IFP Advisors Inc grew its holdings in SM Energy by 561.7% in the second quarter. IFP Advisors Inc now owns 880 shares of the energy company’s stock valued at $28,000 after purchasing an additional 747 shares during the period. First Horizon Advisors Inc. acquired a new stake in SM Energy in the first quarter valued at approximately $25,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in SM Energy by 59.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock valued at $39,000 after purchasing an additional 370 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.
SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.
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Source: defenseworld.net
