By otakuyassine3@gmail.com 
SM Energy (NYSE:SM – Free Report) had its price objective cut by Mizuho from $57.00 to $55.00 in a report issued on Monday,Benzinga reports. They currently have an outperform rating on the energy company’s stock.
Several other research firms have also weighed in on SM. KeyCorp reduced their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. BMO Capital Markets reduced their price target on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Tudor, Pickering, Holt & Co. raised shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, August 21st. Truist Financial cut their target price on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Wells Fargo & Company upped their price target on shares of SM Energy from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.64.
Get Our Latest Research Report on SM Energy
SM Energy Price Performance
SM stock opened at $37.15 on Monday. The company’s 50-day moving average price is $42.80 and its two-hundred day moving average price is $43.78. SM Energy has a 12 month low of $34.76 and a 12 month high of $53.26. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm has a market cap of $4.25 billion, a P/E ratio of 5.19 and a beta of 4.14.
SM Energy (NYSE:SM – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $643.67 million. During the same period last year, the firm posted $1.73 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that SM Energy will post 6.77 earnings per share for the current fiscal year.
SM Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, October 25th. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is 11.17%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in shares of SM Energy by 2,515.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,463,443 shares of the energy company’s stock valued at $178,404,000 after purchasing an additional 4,292,793 shares during the period. Jupiter Asset Management Ltd. lifted its stake in SM Energy by 929.6% in the second quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company’s stock valued at $50,125,000 after buying an additional 1,046,872 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of SM Energy by 2,217.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 818,032 shares of the energy company’s stock worth $32,697,000 after buying an additional 782,728 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of SM Energy by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock worth $274,161,000 after buying an additional 384,675 shares during the period. Finally, Townsquare Capital LLC increased its stake in shares of SM Energy by 267.4% in the 3rd quarter. Townsquare Capital LLC now owns 391,107 shares of the energy company’s stock valued at $15,633,000 after acquiring an additional 284,665 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.
SM Energy Company Profile
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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