SM Energy (NYSE:SM) has been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $12.61.
SM has been the subject of several recent analyst reports. Wells Fargo & Company restated an “equal weight” rating and set a $21.00 target price on shares of SM Energy in a research report on Monday, March 15th. JPMorgan Chase & Co. upgraded SM Energy from an “underweight” rating to a “neutral” rating and set a $13.00 target price for the company in a research report on Wednesday, February 3rd. Barclays cut SM Energy from an “equal weight” rating to an “underweight” rating and set a $3.00 target price for the company. in a research report on Thursday, January 14th. Royal Bank of Canada boosted their target price on SM Energy from $12.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, February 22nd. Finally, KeyCorp upped their price objective on SM Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th.
Shares of SM traded down $0.13 during mid-day trading on Tuesday, hitting $16.39. The stock had a trading volume of 2,418,334 shares, compared to its average volume of 4,662,633. The firm has a market cap of $1.88 billion, a P/E ratio of -2.65 and a beta of 6.60. The business has a fifty day moving average price of $17.20 and a 200-day moving average price of $9.86. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.73 and a quick ratio of 0.73. SM Energy has a 52 week low of $1.34 and a 52 week high of $19.50.
The business also recently announced a Semi-Annual dividend, which will be paid on Friday, May 7th. Investors of record on Friday, April 23rd will be issued a dividend of $0.01 per share. This represents a yield of 0.1%. The ex-dividend date is Thursday, April 22nd. SM Energy’s dividend payout ratio is presently -4.17%.
In related news, Director Rose M. Robeson sold 4,000 shares of the stock in a transaction dated Tuesday, February 23rd. The stock was sold at an average price of $12.96, for a total transaction of $51,840.00. Following the completion of the sale, the director now directly owns 66,328 shares in the company, valued at approximately $859,610.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Wealthcare Capital Management LLC bought a new position in SM Energy during the 1st quarter valued at approximately $49,000. Meeder Asset Management Inc. increased its position in SM Energy by 1,401.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,498 shares of the energy company’s stock valued at $56,000 after buying an additional 3,265 shares in the last quarter. Amalgamated Bank purchased a new position in shares of SM Energy in the 4th quarter worth $61,000. Profund Advisors LLC purchased a new position in shares of SM Energy in the 4th quarter worth $64,000. Finally, Ellevest Inc. boosted its stake in shares of SM Energy by 68.6% in the 4th quarter. Ellevest Inc. now owns 10,593 shares of the energy company’s stock worth $65,000 after buying an additional 4,311 shares during the last quarter. Institutional investors own 68.87% 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, natural gas, and natural gas liquids in the state of Texas. As of December 31, 2020, it had 404.6 million barrels of oil equivalent of estimated proved reserves; and working interests in 801 gross productive oil wells and 498 gross productive gas wells in the Midland Basin and South Texas.
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