StockNews.com Lowers SM Energy (NYSE:SM) to Hold

StockNews.com cut shares of SM Energy (NYSE:SMFree Report) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of SM Energy from $49.00 to $54.00 and gave the company an overweight rating in a report on Tuesday, April 9th. Seaport Res Ptn raised shares of SM Energy from a neutral rating to a buy rating in a report on Wednesday, January 31st. Susquehanna boosted their target price on shares of SM Energy from $42.00 to $51.00 and gave the stock a neutral rating in a report on Monday, April 22nd. Royal Bank of Canada boosted their price target on shares of SM Energy from $50.00 to $54.00 and gave the stock a sector perform rating in a research report on Friday, May 10th. Finally, KeyCorp boosted their price target on shares of SM Energy from $62.00 to $65.00 and gave the stock an overweight rating in a research report on Monday, April 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $54.57.

View Our Latest Research Report on SM

SM Energy Trading Down 2.5 %

Shares of NYSE SM opened at $48.37 on Monday. The stock has a market cap of $5.56 billion, a P/E ratio of 7.58 and a beta of 4.21. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. SM Energy has a 1 year low of $25.84 and a 1 year high of $53.26. The firm has a 50-day moving average of $49.65 and a 200 day moving average of $42.38.

SM Energy (NYSE:SMGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The firm had revenue of $608.73 million during the quarter, compared to analyst estimates of $611.35 million. During the same period in the previous year, the business posted $1.29 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, sell-side analysts expect that SM Energy will post 6.6 EPS for the current fiscal year.

SM Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. SM Energy’s payout ratio is 11.29%.

Insider Activity at SM Energy

In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the transaction, the senior vice president now owns 114,495 shares in the company, valued at approximately $5,756,808.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of SM Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Jump Financial LLC acquired a new position in SM Energy in the fourth quarter valued at approximately $2,992,000. Miller Howard Investments Inc. NY acquired a new stake in shares of SM Energy in the fourth quarter valued at approximately $3,373,000. Tributary Capital Management LLC boosted its holdings in shares of SM Energy by 27.3% in the fourth quarter. Tributary Capital Management LLC now owns 574,120 shares of the energy company’s stock valued at $22,230,000 after acquiring an additional 123,126 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of SM Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock valued at $61,685,000 after acquiring an additional 64,781 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of SM Energy by 90.8% in the third quarter. Assenagon Asset Management S.A. now owns 169,483 shares of the energy company’s stock valued at $6,720,000 after acquiring an additional 80,653 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

About SM Energy

(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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