SM Energy (NYSE:SM) Trading 4% Higher

SM Energy (NYSE:SM)’s share price rose 4% on Monday . The company traded as high as $47.69 and last traded at $47.62. Approximately 89,186 shares changed hands during trading, a decline of 95% from the average daily volume of 1,737,996 shares. The stock had previously closed at $45.81.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Truist Financial decreased their price objective on SM Energy from $49.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Tudor, Pickering, Holt & Co. raised shares of SM Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $54.00 price target on shares of SM Energy in a report on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price objective on shares of SM Energy from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average price target of $54.22.

SM Energy Trading Up 2.2 %

The company has a market cap of $5.38 billion, a price-to-earnings ratio of 7.18 and a beta of 4.20. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The business’s fifty day simple moving average is $45.05 and its two-hundred day simple moving average is $46.41.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.57 by $0.28. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The firm had revenue of $634.56 million for the quarter, compared to analyst estimates of $616.63 million. During the same period last year, the business earned $1.28 EPS. SM Energy’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities analysts predict that SM Energy will post 7.09 EPS for the current year.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.54%. SM Energy’s dividend payout ratio (DPR) is presently 11.29%.

Institutional Investors Weigh In On SM Energy

Several large investors have recently modified their holdings of SM. Dimensional Fund Advisors LP increased its position in SM Energy by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after acquiring an additional 384,675 shares during the period. American Century Companies Inc. grew its position in SM Energy by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company’s stock valued at $102,072,000 after buying an additional 28,005 shares during the last quarter. Westwood Holdings Group Inc. raised its position in SM Energy by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock worth $73,920,000 after buying an additional 157,923 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of SM Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock valued at $61,685,000 after acquiring an additional 64,781 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in SM Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock valued at $57,739,000 after purchasing an additional 4,611 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

About SM Energy

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.