SM Energy Co. (NYSE:SM) declared a semiannual dividend on Monday, September 26th. Shareholders of record on Friday, October 21st will be given a dividend of 0.05 per share by the energy company on Wednesday, November 2nd. This represents a yield of 0.29%. The ex-dividend date is Wednesday, October 19th.
SM Energy (NYSE:SM) opened at 38.72 on Tuesday. SM Energy has a 1-year low of $6.99 and a 1-year high of $42.33. The firm has a 50-day moving average price of $37.27 and a 200-day moving average price of $30.81. The company’s market capitalization is $2.65 billion.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.27. The company had revenue of $341.80 million for the quarter, compared to the consensus estimate of $328.18 million. SM Energy had a negative return on equity of 9.92% and a negative net margin of 73.55%. The firm’s revenue was down 33.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. On average, analysts forecast that SM Energy will post ($2.38) EPS for the current fiscal year.
In other news, SVP Kenneth J. Knott sold 661 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of $40.00, for a total value of $26,440.00. Following the completion of the transaction, the senior vice president now directly owns 43,417 shares of the company’s stock, valued at $1,736,680. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. BOKF NA increased its stake in shares of SM Energy by 7.6% in the second quarter. BOKF NA now owns 13,630 shares of the energy company’s stock worth $368,000 after buying an additional 962 shares during the period. Comerica Bank increased its stake in shares of SM Energy by 3.4% in the second quarter. Comerica Bank now owns 53,483 shares of the energy company’s stock worth $1,623,000 after buying an additional 1,741 shares during the period. Profund Advisors LLC increased its stake in shares of SM Energy by 24.8% in the second quarter. Profund Advisors LLC now owns 16,907 shares of the energy company’s stock worth $456,000 after buying an additional 3,359 shares during the period. Rhumbline Advisers increased its stake in shares of SM Energy by 5.9% in the second quarter. Rhumbline Advisers now owns 109,418 shares of the energy company’s stock worth $2,954,000 after buying an additional 6,129 shares during the period. Finally, Raymond James & Associates increased its stake in shares of SM Energy by 66.8% in the second quarter. Raymond James & Associates now owns 17,375 shares of the energy company’s stock worth $469,000 after buying an additional 6,956 shares during the period. Institutional investors own 82.83% of the company’s stock.
SM has been the topic of a number of recent analyst reports. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, August 19th. KLR Group raised SM Energy from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $43.00 in a research note on Tuesday, August 9th. Williams Capital began coverage on SM Energy in a research note on Monday, August 29th. They issued a “buy” rating and a $57.00 price objective on the stock. Seaport Global Securities raised SM Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $53.00 in a research note on Tuesday, August 30th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $24.00 price target on shares of SM Energy in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $33.52.
SM Energy Company Profile
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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