SM Energy (NYSE:SM - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $27.13, but opened at $28.55. SM Energy shares last traded at $28.24, with a volume of 521,127 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Stephens cut their price target on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Mizuho cut their price target on shares of SM Energy from $46.00 to $42.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Wells Fargo & Company cut their price target on shares of SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. cut their price target on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, Williams Trading set a $41.00 target price on shares of SM Energy in a report on Wednesday, March 5th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, SM Energy has an average rating of "Moderate Buy" and a consensus target price of $42.42.
Read Our Latest Research Report on SM Energy
SM Energy Stock Up 4.2%
The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 4.23 and a beta of 2.19. The firm's 50-day simple moving average is $23.61 and its 200-day simple moving average is $32.07.
SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.16. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The business had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. During the same period in the previous year, the business earned $1.13 EPS. The firm's revenue was up 50.8% on a year-over-year basis. Sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current year.
SM Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, May 5th. Stockholders of record on Friday, April 18th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 2.83%. SM Energy's dividend payout ratio (DPR) is currently 11.20%.
Institutional Trading of SM Energy
Institutional investors have recently made changes to their positions in the business. Gallacher Capital Management LLC boosted its position in SM Energy by 4.5% in the fourth quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company's stock valued at $318,000 after buying an additional 350 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in SM Energy by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company's stock valued at $464,000 after buying an additional 379 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in SM Energy by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company's stock valued at $3,791,000 after buying an additional 400 shares in the last quarter. Quantinno Capital Management LP boosted its position in SM Energy by 6.4% in the fourth quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company's stock valued at $260,000 after buying an additional 402 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in SM Energy by 69.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company's stock valued at $30,000 after buying an additional 417 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.
About SM Energy
(
Get Free Report)
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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