SM Energy (NYSE:SM) Sets New 52-Week Low at $7.00

SM Energy Co (NYSE:SM) reached a new 52-week low during trading on Monday . The company traded as low as $7.00 and last traded at $7.04, with a volume of 574501 shares trading hands. The stock had previously closed at $7.21.

A number of research analysts have commented on the stock. ValuEngine upgraded shares of SM Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Barclays dropped their price objective on shares of SM Energy from $13.00 to $9.00 and set an “underweight” rating on the stock in a research note on Friday, August 30th. SunTrust Banks assumed coverage on shares of SM Energy in a research note on Tuesday, July 30th. They issued a “hold” rating and a $10.00 price objective on the stock. KeyCorp dropped their price objective on shares of SM Energy from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on shares of SM Energy in a research note on Monday, July 29th. They issued a “hold” rating and a $10.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and a consensus price target of $18.50.

The firm has a market cap of $795.65 million, a PE ratio of 250.33 and a beta of 2.92. The company’s fifty day moving average price is $9.38 and its two-hundred day moving average price is $11.78. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.97.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, August 1st. The energy company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.13. The business had revenue of $407.17 million for the quarter, compared to the consensus estimate of $407.53 million. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. During the same quarter in the previous year, the firm earned $0.15 earnings per share. As a group, analysts predict that SM Energy Co will post -0.51 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 25th will be issued a $0.05 dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, October 24th. SM Energy’s payout ratio is 333.33%.

Several large investors have recently modified their holdings of the company. Marshall Wace LLP bought a new position in SM Energy in the first quarter worth approximately $679,000. Louisiana State Employees Retirement System increased its position in shares of SM Energy by 39.0% during the second quarter. Louisiana State Employees Retirement System now owns 38,500 shares of the energy company’s stock worth $417,000 after purchasing an additional 10,800 shares in the last quarter. CWM Advisors LLC acquired a new position in shares of SM Energy during the second quarter worth $179,000. Sippican Capital Advisors increased its position in shares of SM Energy by 12.3% during the second quarter. Sippican Capital Advisors now owns 45,292 shares of the energy company’s stock worth $567,000 after purchasing an additional 4,975 shares in the last quarter. Finally, Armstrong Henry H Associates Inc. acquired a new position in shares of SM Energy during the second quarter worth $125,200,000. 98.92% of the stock is currently owned by institutional investors and hedge funds.

About SM Energy (NYSE:SM)

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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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