SM Energy (NYSE:SM) Sets New 1-Year Low – Time to Sell?

SM Energy (NYSE:SM) hit a new 52-week low on Friday . The company traded as low as $35.68 and last traded at $35.51, with a volume of 359995 shares traded. The stock had previously closed at $37.11.

Analyst Upgrades and Downgrades

SM has been the topic of several recent analyst reports. Susquehanna cut their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Truist Financial upped their price target on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. StockNews.com upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Thursday. Mizuho lowered their target price on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 price target (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.90.

SM Energy Trading Down 6.8 %

The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $3.96 billion, a PE ratio of 5.17 and a beta of 4.11. The stock’s fifty day simple moving average is $39.76 and its 200 day simple moving average is $41.80.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a return on equity of 20.30% and a net margin of 28.63%. The company had revenue of $852.22 million during the quarter, compared to analysts’ expectations of $849.44 million. On average, sell-side analysts predict that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is currently 11.98%.

Hedge Funds Weigh In On SM Energy

Several large investors have recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new position in shares of SM Energy during the 4th quarter valued at $1,353,000. Public Employees Retirement System of Ohio raised its holdings in SM Energy by 10.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 97,424 shares of the energy company’s stock valued at $3,776,000 after acquiring an additional 9,080 shares during the period. Neo Ivy Capital Management lifted its position in shares of SM Energy by 42.9% in the fourth quarter. Neo Ivy Capital Management now owns 84,933 shares of the energy company’s stock valued at $3,292,000 after acquiring an additional 25,507 shares in the last quarter. GTS Securities LLC boosted its stake in shares of SM Energy by 11.5% in the fourth quarter. GTS Securities LLC now owns 26,874 shares of the energy company’s stock worth $1,042,000 after acquiring an additional 2,774 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in shares of SM Energy by 2.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,118,297 shares of the energy company’s stock worth $82,105,000 after purchasing an additional 42,297 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy 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 has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.