Stocks of SM Energy Company (NYSE:SM) traded higher last session on Wall Street, up 6.63% to $32.18.
According to the data, SM Energy Company (NYSE:SM) has 15 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $59.00 and a low of $31.00, we find $42.00. Given the previous closing price of $30.18, this indicates a potential upside of 39.17 percent. SM stock price is now 14.82% away from the 50-day moving average and -4.49% away from the 200-day moving average. The market capitalization of the company currently stands at $3.64B.
A total of 7 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $41.00 as their price target over the next twelve months.
With the price target maintained at $35, TD Cowen recently Downgraded its rating from Outperform to Market Perform for SM Energy Company (NYSE: SM).
In other news, Vogel Herbert S, President & CEO bought 1,000 shares of the company’s stock on Mar 15. The stock was bought for $25,630 at an average price of $25.63. Upon completion of the transaction, the President & CEO now directly owns 406,063 shares in the company, valued at $13.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 09, President & CEO Vogel Herbert S bought 1,000 shares of the business’s stock. A total of $29,150 was incurred on buying the stock at an average price of $29.15. This leaves the insider owning 405,063 shares of the company worth $13.03 million. Insiders disposed of 273,587 shares of company stock worth roughly $8.8 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SM stock. A new stake in SM Energy Company shares was purchased by PALO DURO INVESTMENT PARTNERS, LP during the first quarter worth $26,674,000. WALLEYE CAPITAL LLC invested $13,511,000 in shares of SM during the first quarter. In the first quarter, VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in SM Energy Company valued at approximately $10,017,000. LMR PARTNERS LLP acquired a new stake in SM for approximately $7,299,000. HOLOCENE ADVISORS, LP purchased a new stake in SM valued at around $4,627,000 in the second quarter. In total, there are 445 active investors with 91.60% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $30.06 for SM Energy Company (NYSE: SM). During the past 12 months, SM Energy Company has had a low of $24.66 and a high of $48.55. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for SM is $28.13 and a two-hundred day moving average price translates $33.64 for the stock.
The latest earnings results from SM Energy Company (NYSE: SM) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.33, beating analysts’ expectations of $1.28 by 0.05. This compares to $0.39 EPS in the same period last year. The net profit margin was 41.10% and return on equity was 43.40% for SM. The company reported revenue of $573.5 million for the quarter, compared to $859.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.3 percent. For the current quarter, analysts expect SM to generate $565.44M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/07/2023. Investors who held shares on 07/21/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 1.86% percent yield. There was an ex-dividend date of 07/20/2023 for this dividend. In terms of dividend payout ratio, SM is presently at 3.00%.
SM Energy Company(SM) 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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.
