SM Energy (NYSE:SM - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $25.32 and last traded at $25.43, with a volume of 4467704 shares changing hands. The stock had previously closed at $30.52.
Wall Street Analyst Weigh In
Several research firms have issued reports on SM. StockNews.com downgraded SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Truist Financial lifted their target price on SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a report on Monday, January 13th. Wells Fargo & Company lowered 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. reduced their price objective on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Mizuho decreased their target price on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating on the stock in a report 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.00.
Check Out Our Latest Research Report on SM Energy
SM Energy Trading Up 20.5 %
The stock's 50 day simple moving average is $31.57 and its 200 day simple moving average is $38.34. The firm has a market cap of $2.81 billion, a PE ratio of 3.68 and a beta of 3.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55.
SM Energy (NYSE:SM - Get Free Report) last announced its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). The company had revenue of $852.22 million during the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. On average, sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.
SM Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 5th. Stockholders of record on Friday, April 18th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 3.26%. SM Energy's dividend payout ratio (DPR) is presently 11.98%.
Insider Activity at SM Energy
In other SM Energy news, Director Barton R. Brookman, Jr. bought 7,000 shares of SM Energy stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now owns 14,666 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.
Institutional Trading of SM Energy
Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its holdings in shares of SM Energy by 200.8% in the first quarter. Parallel Advisors LLC now owns 1,119 shares of the energy company's stock worth $34,000 after buying an additional 747 shares during the period. R Squared Ltd bought a new stake in SM Energy in the fourth quarter valued at approximately $61,000. Global Retirement Partners LLC lifted its position in SM Energy by 51.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,179 shares of the energy company's stock valued at $84,000 after purchasing an additional 736 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of SM Energy by 517.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,140 shares of the energy company's stock valued at $159,000 after purchasing an additional 3,470 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of SM Energy by 64.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company's stock worth $183,000 after purchasing an additional 1,854 shares during the last quarter. 94.56% of the stock is currently owned by hedge funds and other 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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