2 weeks Ago By ABMN Staff
SM Energy ( NYSE:SM – Free Report ) had its price target reduced by Truist Financial from $46.00 to $38.00 in a report issued on Monday morning, Benzinga reports.
Truist Financial currently has a hold rating on the energy company’s stock. Other equities research analysts also recently issued reports about the stock. Tudor, Pickering, Holt & Co.
upgraded shares of SM Energy from a hold rating to a buy rating in a research report on Wednesday, August 21st. Tudor Pickering upgraded SM Energy to a strong-buy rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co.
cut their price objective on SM Energy from $55.00 to $50.00 and set an overweight rating for the company in a research report on Thursday, September 12th.
Stephens restated an overweight rating and set a $63.00 price objective on shares of SM Energy in a research report on Thursday, June 27th. Finally, StockNews.
com downgraded SM Energy from a buy rating to a hold rating in a research report on Friday, September 13th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $52.
33. Read Our Latest Research Report on SM Energy SM Energy Price Performance SM Energy ( NYSE:SM – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.
85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28.
SM Energy had a net margin of 33.18% and a return on equity of 21.01%.
The company had revenue of $634.56 million during the quarter, compared to the consensus estimate of $616.63 million.
During the same period last year, the firm earned $1.28 EPS. The company’s revenue for the quarter was up 15.
2% on a year-over-year basis. As a group, equities analysts expect that SM Energy will post 7.08 EPS for the current fiscal year.
SM Energy Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 25th will be paid a $0.20 dividend.
This is a boost from SM Energy’s previous quarterly dividend of $0.18. This represents a $0.
80 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Friday, October 25th.
SM Energy’s payout ratio is presently 11.29%. Institutional Trading of SM Energy Institutional investors have recently made changes to their positions in the stock.
Register Financial Advisors LLC purchased a new stake in shares of SM Energy during the 1st quarter valued at $25,000. Hexagon Capital Partners LLC grew its stake in shares of SM Energy by 509.7% during the 1st quarter.
Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after buying an additional 474 shares during the period. Lindbrook Capital LLC boosted its position in SM Energy by 54.9% during the 1st quarter.
Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after purchasing an additional 206 shares during the period. Plato Investment Management Ltd boosted its position in SM Energy by 461.9% during the 2nd quarter.
Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after purchasing an additional 485 shares during the period. Finally, UMB Bank n.a.
boosted its position in SM Energy by 66.8% during the 1st quarter. UMB Bank n.
a. now owns 829 shares of the energy company’s stock worth $41,000 after purchasing an additional 332 shares during the period. 94.
56% of the stock is owned by hedge funds and other institutional investors. 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. See Also Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter .
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