SM Energy (SM) Raised to Hold at ValuEngine

ValuEngine upgraded shares of SM Energy (NYSE:SM) from a sell rating to a hold rating in a research report report published on Friday morning.

Other equities analysts have also issued research reports about the stock. B. Riley started coverage on shares of SM Energy in a report on Monday, February 5th. They set a buy rating and a $36.00 target price on the stock. Deutsche Bank started coverage on shares of SM Energy in a report on Thursday, February 1st. They set a buy rating and a $32.00 target price on the stock. Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the company a buy rating in a report on Monday, January 29th. KeyCorp set a $32.00 target price on shares of SM Energy and gave the company a buy rating in a report on Sunday, January 21st. Finally, Williams Capital set a $40.00 target price on shares of SM Energy and gave the company a buy rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $27.53.

SM Energy opened at $27.18 on Friday, MarketBeat Ratings reports. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2.98 billion, a P/E ratio of -33.15, a price-to-earnings-growth ratio of 18.43 and a beta of 2.93. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20.

SM Energy (NYSE:SM) last posted its earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The business had revenue of $769.60 million for the quarter, compared to analyst estimates of $361.40 million. SM Energy had a net margin of 4.86% and a negative return on equity of 2.53%. The business’s quarterly revenue was up 106.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) EPS. sell-side analysts forecast that SM Energy will post 0.14 EPS for the current year.

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

Hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. bought a new stake in shares of SM Energy in the 4th quarter worth about $134,000. State of Alaska Department of Revenue bought a new stake in shares of SM Energy in the 4th quarter worth about $143,000. Tower Research Capital LLC TRC increased its position in shares of SM Energy by 2,652.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after purchasing an additional 6,524 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of SM Energy in the 4th quarter worth about $232,000. Finally, Granite Springs Asset Management LLC bought a new stake in shares of SM Energy in the 4th quarter worth about $243,000.

SM Energy Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for SM Energy (NYSE:SM)

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