SM Energy (NYSE:SM) Receives Consensus Rating of “Hold” from Analysts

Shares of SM Energy (NYSE:SM – Get Rating) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $40.64.

A number of equities research analysts have recently issued reports on SM shares. StockNews.com started coverage on SM Energy in a report on Thursday, May 18th. They set a “hold” rating for the company. TD Cowen cut SM Energy from an “outperform” rating to a “market perform” rating and set a $35.00 price objective for the company. in a report on Wednesday, March 1st. Susquehanna dropped their price target on shares of SM Energy from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, April 21st. Roth Capital reiterated a “buy” rating on shares of SM Energy in a research report on Wednesday, February 22nd. Finally, Raymond James lifted their price target on shares of SM Energy from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, April 21st.

Insider Buying and Selling at SM Energy

In other news, CEO Herbert S. Vogel acquired 1,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was acquired at an average cost of $29.48 per share, for a total transaction of $29,480.00. Following the completion of the transaction, the chief executive officer now directly owns 404,063 shares in the company, valued at $11,911,777.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 3,000 shares of company stock worth $86,460 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. grew its stake in shares of SM Energy by 289.7% in the first quarter. Balyasny Asset Management L.P. now owns 1,647,133 shares of the energy company’s stock worth $46,383,000 after purchasing an additional 1,224,422 shares during the last quarter. Invesco Ltd. grew its stake in shares of SM Energy by 88.5% in the first quarter. Invesco Ltd. now owns 2,229,142 shares of the energy company’s stock worth $86,825,000 after purchasing an additional 1,046,602 shares during the last quarter. GW&K Investment Management LLC grew its stake in shares of SM Energy by 875.4% in the fourth quarter. GW&K Investment Management LLC now owns 1,122,600 shares of the energy company’s stock worth $39,100,000 after purchasing an additional 1,007,507 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of SM Energy by 405.0% in the first quarter. Renaissance Technologies LLC now owns 1,183,200 shares of the energy company’s stock worth $46,086,000 after purchasing an additional 948,900 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of SM Energy by 181.8% in the fourth quarter. Millennium Management LLC now owns 1,391,860 shares of the energy company’s stock worth $48,478,000 after purchasing an additional 897,855 shares during the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Trading Up 0.2 %

SM Energy stock opened at $28.20 on Wednesday. SM Energy has a 52 week low of $24.66 and a 52 week high of $54.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $3.40 billion, a P/E ratio of 2.77 and a beta of 4.40. The stock has a 50-day simple moving average of $27.64 and a 200 day simple moving average of $32.53.

SM Energy (NYSE:SM – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The energy company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. SM Energy had a return on equity of 28.22% and a net margin of 41.07%. The company had revenue of $573.51 million during the quarter, compared to analysts’ expectations of $559.37 million. During the same quarter in the previous year, the company posted $1.98 earnings per share. The business’s revenue was down 33.3% on a year-over-year basis. Analysts expect that SM Energy will post 5.66 earnings per share for the current year.

SM Energy Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, May 5th. Shareholders of record on Friday, April 21st were given a dividend of $0.15 per share. The ex-dividend date was Thursday, April 20th. This represents a yield of 1.1%. SM Energy’s dividend payout ratio is currently 5.89%.

SM Energy Company Profile

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids. The company was founded in 1908 and is headquartered in Denver, CO.