SM Energy (SM) Shares Gap Up to $20.81

SM Energy (NYSE:SM)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $20.36, but opened at $20.81. SM Energy shares last traded at $21.76, with a volume of 5288735 shares changing hands.

Several equities analysts have recently issued reports on SM shares. KeyCorp reiterated an “overweight” rating and issued a $31.00 price target (up previously from $26.00) on shares of SM Energy in a research note on Wednesday, January 10th. Williams Capital reiterated a “buy” rating and issued a $39.00 price target on shares of SM Energy in a research note on Wednesday, January 10th. Royal Bank of Canada reiterated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research note on Wednesday, January 10th. Robert W. Baird set a $35.00 price target on SM Energy and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 price target on SM Energy and gave the company a “buy” rating in a research note on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.87.

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The stock has a market capitalization of $2,300.75, a price-to-earnings ratio of -26.54, a price-to-earnings-growth ratio of 16.82 and a beta of 2.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.21.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The business had revenue of $340.53 million for the quarter, compared to analyst estimates of $330.83 million. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. SM Energy’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) EPS. equities analysts forecast that SM Energy will post 0.12 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Friday, April 27th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 26th. This represents a yield of 0.61%. SM Energy’s dividend payout ratio is currently -12.20%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SM. EnCap Energy Capital Fund IX L.P. bought a new stake in shares of SM Energy in the 4th quarter valued at about $180,780,000. Millennium Management LLC grew its position in shares of SM Energy by 16.9% in the 4th quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock valued at $151,335,000 after buying an additional 988,583 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of SM Energy by 141.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock valued at $36,977,000 after buying an additional 979,685 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of SM Energy by 12.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock valued at $84,220,000 after buying an additional 536,076 shares during the last quarter. Finally, Capital Fund Management S.A. grew its position in shares of SM Energy by 159.0% in the 4th quarter. Capital Fund Management S.A. now owns 861,468 shares of the energy company’s stock valued at $19,021,000 after buying an additional 528,896 shares during the last quarter.

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About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

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