SM Energy Company (NYSE:SM)’s share price dropped 4.4% during mid-day trading on Tuesday . The stock traded as low as $19.66 and last traded at $20.85. Approximately 2,914,700 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 3,799,459 shares. The stock had previously closed at $21.82.
A number of research analysts have recently issued reports on the company. Williams Capital set a $32.00 price objective on SM Energy and gave the company a “buy” rating in a research note on Friday, August 4th. KeyCorp reissued a “buy” rating and set a $26.00 price objective on shares of SM Energy in a report on Friday, October 20th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, November 9th. BMO Capital Markets set a $21.00 target price on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Royal Bank Of Canada set a $20.00 target price on SM Energy and gave the company a “hold” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.47.
The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The business had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. During the same period in the previous year, the business posted ($0.37) earnings per share. SM Energy’s quarterly revenue was down 16.2% on a year-over-year basis. research analysts expect that SM Energy Company will post -1.01 earnings per share for the current fiscal 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 paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 19th. This represents a dividend yield of 0.54%. SM Energy’s payout ratio is presently -2.93%.
Hedge funds have recently made changes to their positions in the business. Paloma Partners Management Co acquired a new stake in shares of SM Energy in the first quarter valued at about $211,000. Pacer Advisors Inc. grew its holdings in shares of SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after purchasing an additional 1,064 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of SM Energy during the 2nd quarter worth approximately $165,000. B & T Capital Management DBA Alpha Capital Management lifted its position in shares of SM Energy by 3.2% during the 2nd quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock worth $181,000 after buying an additional 335 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of SM Energy during the 2nd quarter worth approximately $197,000. Institutional investors and hedge funds 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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