SM Energy (NYSE:SM) PT Lowered to $20.00 at Wells Fargo & Co

SM Energy (NYSE:SM) had its target price cut by Wells Fargo & Co from $22.00 to $20.00 in a research note released on Tuesday morning, AnalystRatings.com reports. They currently have a market perform rating on the energy company’s stock.

Several other research firms have also weighed in on SM. Jefferies Financial Group started coverage on shares of SM Energy in a research note on Monday, July 29th. They issued a hold rating and a $10.00 price objective for the company. SunTrust Banks started coverage on shares of SM Energy in a research note on Tuesday, July 30th. They issued a hold rating and a $10.00 price objective for the company. Raymond James lowered their price objective on shares of SM Energy from $20.00 to $15.00 and set an outperform rating for the company in a research note on Thursday, July 18th. Williams Capital reiterated a buy rating and issued a $15.00 price objective on shares of SM Energy in a research note on Friday, November 1st. Finally, ValuEngine upgraded shares of SM Energy from a sell rating to a hold rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $17.06.

Shares of NYSE SM traded up $0.32 during midday trading on Tuesday, reaching $9.19. The stock had a trading volume of 2,068,259 shares, compared to its average volume of 4,124,467. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 306.33 and a beta of 2.95. SM Energy has a twelve month low of $6.84 and a twelve month high of $22.15. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.63 and a current ratio of 0.63. The company’s 50 day moving average price is $8.66 and its 200 day moving average price is $10.75.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported ($0.11) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. The firm had revenue of $390.30 million for the quarter, compared to the consensus estimate of $387.68 million. SM Energy had a net margin of 14.67% and a negative return on equity of 2.42%. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.01) EPS. Equities analysts forecast that SM Energy will post -0.51 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 25th were paid a $0.05 dividend. The ex-dividend date was Thursday, October 24th. This represents a dividend yield of 1%. SM Energy’s dividend payout ratio is currently 333.33%.

A number of hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its stake in SM Energy by 2.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 46,839 shares of the energy company’s stock valued at $586,000 after purchasing an additional 1,149 shares in the last quarter. Point72 Hong Kong Ltd increased its stake in SM Energy by 13.8% during the 2nd quarter. Point72 Hong Kong Ltd now owns 13,705 shares of the energy company’s stock valued at $172,000 after purchasing an additional 1,657 shares in the last quarter. Texas Permanent School Fund increased its stake in SM Energy by 3.0% during the 3rd quarter. Texas Permanent School Fund now owns 72,206 shares of the energy company’s stock valued at $700,000 after purchasing an additional 2,123 shares in the last quarter. Panagora Asset Management Inc. increased its stake in SM Energy by 27.1% during the 2nd quarter. Panagora Asset Management Inc. now owns 12,798 shares of the energy company’s stock valued at $160,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Dupont Capital Management Corp increased its stake in SM Energy by 29.5% during the 2nd quarter. Dupont Capital Management Corp now owns 15,349 shares of the energy company’s stock valued at $192,000 after purchasing an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 98.92% of the company’s stock.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

Read More: Treasury Bonds

Analyst Recommendations for SM Energy (NYSE:SM)

Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.