SM Energy (SM) Debt Trading 1.3% Higher

An issue of SM Energy (NYSE:SM) bonds rose 1.3% as a percentage of their face value during trading on Thursday. The debt issue has a 6.75% coupon and will mature on September 15, 2026. The bonds in the issue are now trading at $103.00 and were trading at $100.50 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several equities research analysts have issued reports on SM shares. B. Riley started coverage on shares of SM Energy in a research note on Monday, February 5th. They set a “buy” rating and a $36.00 price objective for the company. Deutsche Bank started coverage on shares of SM Energy in a research note on Thursday, February 1st. They set a “buy” rating and a $32.00 price objective for the company. Stifel Nicolaus set a $44.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Monday, January 29th. KeyCorp set a $32.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Sunday, January 21st. Finally, Robert W. Baird set a $35.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. SM Energy currently has an average rating of “Buy” and a consensus price target of $27.87.

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NYSE SM opened at $20.80 on Friday. SM Energy has a 52 week low of $12.29 and a 52 week high of $28.20. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $2,267.25, a PE ratio of -25.37, a PEG ratio of 16.80 and a beta of 2.98.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 21st. The energy company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The business had revenue of $340.53 million for the quarter, compared to analysts’ expectations of $330.83 million. During the same period in the previous year, the company posted ($0.31) earnings per share. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. equities research analysts anticipate that SM Energy will post 0.12 earnings per share for the current year.

The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s payout ratio is currently -12.20%.

Several hedge funds and other institutional investors have recently bought and sold shares of SM. EnCap Energy Capital Fund IX L.P. acquired a new position in shares of SM Energy during the fourth quarter worth $180,780,000. Millennium Management LLC lifted its position in shares of SM Energy by 16.9% during the fourth quarter. Millennium Management LLC now owns 6,853,962 shares of the energy company’s stock worth $151,335,000 after purchasing an additional 988,583 shares in the last quarter. Mackenzie Financial Corp raised its holdings in SM Energy by 141.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,674,685 shares of the energy company’s stock valued at $36,977,000 after acquiring an additional 979,685 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in SM Energy by 12.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock valued at $84,220,000 after acquiring an additional 536,076 shares in the last quarter. Finally, Capital Fund Management S.A. raised its holdings in SM Energy by 159.0% in the fourth quarter. Capital Fund Management S.A. now owns 861,468 shares of the energy company’s stock valued at $19,021,000 after acquiring an additional 528,896 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.

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About SM Energy

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. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

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