SM Energy Co (NYSE:SM) had declared a cash dividend of $0.0500 on Sep 23, 2016. The shares will quote ex-dividend on Oct 19, 2016 and the record date has been fixed for Oct 21, 2016. On Sep 23, 2016 share price, the yield comes out to be 0.2894%. The dividend payable date has been fixed on Nov 2, 2016.
In a different note, On Aug 30, 2016, Seaport Global said it Upgrades its rating on SM Energy Co. The shares have been rated ‘Buy’ by the firm. Williams Capital Group said it Initiates Coverage on SM Energy Co, according to a research note issued on Aug 29, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Mitsubishi UFG said it Upgrades its rating on SM Energy Co. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 15, 2016, PiperJaffray said it Upgrades its rating on SM Energy Co. The shares have been rated ‘Overweight’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on SM Energy Co. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 10, 2016, KeyBanc said it Upgrades its rating on SM Energy Co. The shares have been rated ‘Overweight’ by the firm.
SM Energy Co (SM) shares turned negative on Tuesdays trading session with the shares closing down -1.47 points or -4.31% at a volume of 30,77,261. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $33.47. The peak price level was also seen at $33.47 while the days lowest was $32.25. Finally the shares closed at $32.65. The 52-week high of the shares is $42.23 while the 52-week low is $6.99. According to the latest information available, the market cap of the company is $2,235 M.
SM Energy Co(SM) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $341.81M. Analysts had an estimated revenue of $328.18M. Earnings per share were $-0.44. Analysts had estimated an EPS of $-0.75.
Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, Herbert S Vogel (EVP – Operations) purchased 6,000 shares at $8.64 per share price.Also, 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.