SM Energy (NYSE:SM - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $19.67 and last traded at $24.56, with a volume of 4628580 shares trading hands. The stock had previously closed at $20.39.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lowered 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. Williams Trading set a $41.00 price target on SM Energy in a research report on Wednesday, March 5th. Truist Financial increased their price target on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Raymond James dropped their price objective on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 10th. Finally, Mizuho reduced their target price on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $47.83.
Read Our Latest Analysis on SM
SM Energy Trading Down 0.4 %
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 stock has a market cap of $2.50 billion, a P/E ratio of 3.27 and a beta of 3.75. The stock has a 50-day moving average price of $30.60 and a 200-day moving average price of $37.94.
SM Energy (NYSE:SM - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share for the quarter, missing analysts' consensus estimates of $2.00 by ($0.09). The firm had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. On average, equities research analysts expect that SM Energy will post 8.1 EPS for the current year.
SM Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.66%. SM Energy's dividend payout ratio (DPR) is 11.98%.
Insider Buying and Selling
In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $32.36 per share, with a total value of $226,520.00. Following the purchase, the director now directly owns 14,666 shares of the company's stock, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On SM Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its stake in shares of SM Energy by 200.8% during the first 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 during the last quarter. Harbor Capital Advisors Inc. raised its position in SM Energy by 80.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,520 shares of the energy company's stock valued at $46,000 after purchasing an additional 679 shares during the last quarter. R Squared Ltd purchased a new stake in SM Energy in the 4th quarter worth approximately $61,000. Global Retirement Partners LLC lifted its holdings in SM Energy by 51.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock worth $84,000 after buying an additional 736 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of SM Energy by 517.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock worth $159,000 after buying an additional 3,470 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.
SM Energy Company Profile
(
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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