SM Energy Company (NYSE:SM) Given Average Recommendation of "Hold" by Analysts

Shares of SM Energy Company (NYSE:SM - Get Free Report) have received a consensus rating of "Hold" from the thirteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.08.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. Susquehanna reduced their price target on SM Energy from $39.00 to $24.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Raymond James Financial downgraded SM Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. JPMorgan Chase & Co. reduced their target price on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, KeyCorp reduced their target price on SM Energy from $60.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, April 21st.

SM Energy Trading Down 1.3%

Shares of SM stock opened at $25.85 on Monday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $24.69 and a two-hundred day moving average price of $30.35. SM Energy has a 12-month low of $19.67 and a 12-month high of $48.49. The firm has a market cap of $2.96 billion, a P/E ratio of 3.62 and a beta of 2.16.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.16. SM Energy had a return on equity of 19.90% and a net margin of 27.61%. The firm had revenue of $844.54 million during the quarter, compared to analyst estimates of $814.62 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company's revenue was up 50.8% compared to the same quarter last year. Equities analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 4th. Stockholders of record on Friday, July 18th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.10%. SM Energy's dividend payout ratio is currently 11.20%.

Institutional Trading of SM Energy

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in SM Energy by 69.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock valued at $30,000 after acquiring an additional 417 shares in the last quarter. Parallel Advisors LLC lifted its position in SM Energy by 200.8% in the 1st quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock valued at $34,000 after acquiring an additional 747 shares in the last quarter. Brooklyn Investment Group lifted its position in SM Energy by 1,097.9% in the 1st quarter. Brooklyn Investment Group now owns 1,138 shares of the energy company's stock valued at $34,000 after acquiring an additional 1,043 shares in the last quarter. Byrne Asset Management LLC lifted its position in SM Energy by 172.8% in the 1st quarter. Byrne Asset Management LLC now owns 1,473 shares of the energy company's stock valued at $44,000 after acquiring an additional 933 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in shares of SM Energy during the 1st quarter valued at $45,000. 94.56% of the stock is owned by 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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