Shares of SM Energy (NYSE:SM – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $50.64.
A number of equities analysts recently weighed in on the company. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and decreased their price objective for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. KeyCorp lowered their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Truist Financial reduced their target price on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Mizuho lowered their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a research note on Tuesday, October 8th.
View Our Latest Analysis on SM
SM Energy Price Performance
SM Energy (NYSE:SM – Get Free Report) last announced its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. During the same period in the previous year, the business earned $1.73 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts predict that SM Energy will post 6.77 EPS for the current fiscal year.
SM Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a dividend of $0.20 per share. 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 an increase from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio is currently 11.17%.
Institutional Investors Weigh In On SM Energy
Several institutional investors and hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd raised its stake in SM Energy by 461.9% in the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after buying an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of SM Energy in the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in shares of SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after purchasing an additional 996 shares during the period. Millburn Ridgefield Corp bought a new stake in shares of SM Energy during the third quarter valued at approximately $55,000. Finally, International Assets Investment Management LLC raised its holdings in SM Energy by 3,897.2% in the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after purchasing an additional 1,403 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.
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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