SM Energy Company (NYSE:SM – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $27.81, but opened at $28.83. SM Energy shares last traded at $29.1740, with a volume of 372,573 shares.
Analysts Set New Price Targets
Several analysts have issued reports on SM shares. BMO Capital Markets boosted their price target on SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, April 2nd. UBS Group initiated coverage on SM Energy in a research note on Tuesday. They issued a “buy” rating and a $36.00 price objective on the stock. TD Cowen lowered their price objective on SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Roth Capital upgraded SM Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $30.00 to $32.00 in a research note on Monday, June 22nd. Finally, Zacks Research lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $36.93.
Get Our Latest Stock Analysis on SM Energy
SM Energy Price Performance
SM Energy (NYSE:SM – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $1.76 earnings per share. The business’s quarterly revenue was up 75.0% on a year-over-year basis. As a group, analysts anticipate that SM Energy Company will post 7.1 earnings per share for the current fiscal year.
SM Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, June 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.
Insider Transactions at SM Energy
In related news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.45% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC lifted its holdings in shares of SM Energy by 4,561.1% in the first quarter. Torren Management LLC now owns 839 shares of the energy company’s stock worth $26,000 after buying an additional 821 shares in the last quarter. Center for Financial Planning Inc. purchased a new position in SM Energy during the first quarter valued at $31,000. Valued Wealth Advisors LLC purchased a new position in SM Energy during the first quarter valued at $33,000. Assetmark Inc. bought a new stake in SM Energy in the 1st quarter valued at $35,000. Finally, EverSource Wealth Advisors LLC increased its holdings in SM Energy by 332.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the energy company’s stock valued at $35,000 after acquiring an additional 868 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.
SM Energy Company Profile
SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.
The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.
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