SM Energy (NYSE:SM – Free Report) had its price target lowered by Truist Financial from $49.00 to $46.00 in a research report report published on Monday, Benzinga reports. The firm currently has a hold rating on the energy company’s stock.
Several other analysts have also commented on the stock. StockNews.com lowered shares of SM Energy from a buy rating to a hold rating in a research report on Tuesday, July 9th. Susquehanna increased their price target on shares of SM Energy from $42.00 to $51.00 and gave the company a neutral rating in a research report on Monday, April 22nd. Wells Fargo & Company increased their price target on shares of SM Energy from $45.00 to $51.00 and gave the company an equal weight rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. increased their price target on shares of SM Energy from $49.00 to $54.00 and gave the company an overweight rating in a research report on Tuesday, April 9th. Finally, Stephens reissued an overweight rating and set a $63.00 price target on shares of SM Energy in a research report on Thursday, June 27th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, SM Energy has an average rating of Moderate Buy and a consensus price target of $54.56.
Check Out Our Latest Research Report on SM
SM Energy Stock Down 0.5 %
Shares of SM Energy stock opened at $46.41 on Monday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. SM Energy has a 1 year low of $34.13 and a 1 year high of $53.26. The firm’s 50-day moving average is $47.09 and its two-hundred day moving average is $45.19. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 7.27 and a beta of 4.20.
SM Energy (NYSE:SM – Get Free Report) last issued its earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.13. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The company had revenue of $559.87 million for the quarter, compared to analysts’ expectations of $568.21 million. As a group, research analysts expect that SM Energy will post 7.3 earnings per share for the current fiscal year.
SM Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Friday, July 19th. SM Energy’s dividend payout ratio is presently 11.29%.
Insiders Place Their Bets
In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total transaction of $804,480.00. Following the completion of the transaction, the senior vice president now directly owns 114,495 shares of the company’s stock, valued at approximately $5,756,808.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is currently owned by insiders.
Hedge Funds Weigh In On SM Energy
Institutional investors have recently bought and sold shares of the business. Jump Financial LLC purchased a new position in SM Energy during the 4th quarter worth approximately $2,992,000. Miller Howard Investments Inc. NY acquired a new stake in shares of SM Energy during the 4th quarter worth approximately $3,373,000. Foundry Partners LLC grew its stake in shares of SM Energy by 1,733.5% during the 1st quarter. Foundry Partners LLC now owns 102,307 shares of the energy company’s stock worth $5,100,000 after purchasing an additional 96,727 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of SM Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock worth $61,685,000 after purchasing an additional 64,781 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in shares of SM Energy by 11.9% during the 4th quarter. Rafferty Asset Management LLC now owns 198,380 shares of the energy company’s stock worth $7,681,000 after purchasing an additional 21,102 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.
About SM Energy
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: americanbankingnews.com
