SM Energy Co (SM) was Reiterated by Topeka Capital Markets to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $15 . Topeka Capital Markets advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on SM Energy Co. SM Energy Co was Initiated by Nomura to “Neutral” on Apr 13, 2016. SM Energy Co was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Hold”, Firm has raised the Price Target to $ 18 from a previous price target of $12 .
On the company’s financial health, SM Energy Co reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 27, 2015. Analyst had a consensus of $-0.28. The company had revenue of $371.15 million for the quarter, compared to analysts expectations of $440.53 million. The company’s revenue was down -40.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.44 EPS.
SM Energy Co (SM) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $20.99 and reached the intraday high at $21.4. The bulls started the profit booking and pushed the shares to intraday low of $20.38. The trading session was marked by a volume range of 42,18,212 shares exchanging hands. The 52-week high of the shares is $60.28 and the 52-week low is $6.99. The market cap of the company stands at $1,405 M and there are 6,80,77,546 shares in public circulation.
Investors should note that on Mar 29, 2016, SM Energy Co announced a cash dividend of $0.0500. The company’s management has announced Apr 20, 2016 as the ex-dividend date and fixed the record date on Apr 22, 2016. The payable date has been fixed on May 4, 2016.
In a different news, on Mar 1, 2016, Herbert S Vogel (EVP – Operations) purchased 6,000 shares at $8.64 per share price. According to the SEC, on Mar 1, 2016, Javan D Ottoson (CEO) purchased 2,500 shares at $9.00 per share price. On Dec 9, 2015, David W Copeland (EVP, GC & Corp. Sec.) purchased 10,000 shares at $23.04 per share price, according to the Form-4 filing with the securities and exchange commission.
SM Energy Company is an independent energy company. The Company is engaged in the acquisition exploration development and production of crude oil and condensate natural gas and natural gas liquids in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region which is managed from its office in Houston Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region which the Company operates from its office in Billings Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region which is managed from the Companys office in Midland Texas and covers western Texas and southeastern New Mexico and Mid-Continent Region which is managed from the Companys office in Tulsa Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.