News Watch-List: SM Energy Company (NYSE: SM)

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On 21 Nov 2019, SM Energy Company stock identified change of 25.05% away from 52-week low price and recently located move of -60.81% off 52-week high price. It has market worth of $932.36M and dividend yield of 1.17%. SM stock has been recorded -5.53% away from 50 day moving average and -31.32% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.59% off 20-day moving average.

SM Energy Company (SM) recently reported financial and operating results for the third quarter of 2019.

THIRD QUARTER FINANCIAL RESULTS

Third quarter of 2019 net income was $42.2M, or $0.37 per diluted ordinary share, contrast with a net loss of ($135.9M), or ($1.21) per diluted ordinary share, in the third quarter of 2018.  For the first nine months of 2019, net loss was ($84.9M) or ($0.76) per diluted ordinary share.

Third quarter of 2019 net cash provided by operating activities was $203.2M.  For the first nine months of 2019, net cash provided by operating activities was $581.6M.

The following paragraphs discuss adjusted EBITDAX, adjusted net income (loss), and adjusted net income (loss) per diluted ordinary share, all of which are non-GAAP measures.  Please reference the definitions and reconciliations of these measures to the most directly comparable GAAP financial measures at the end of this release.

Third quarter of 2019 adjusted EBITDAX was $257.8M.  Adjusted EBITDAX is largely unchanged year-over-year as higher production in the 2019 period was offset by higher realized (post-hedge) prices in the 2018 period.  Sequentially, adjusted EBITDAX was largely unchanged given comparable production and operating margins.

Third quarter of 2019 adjusted net loss was ($12.1M), or ($0.11) per diluted ordinary share, contrast with adjusted net loss of ($1.0)M, or ($0.01) per diluted ordinary share, in the third quarter of 2018.  For the first nine months of 2019, adjusted net loss was ($48.5)M, or ($0.43) per diluted ordinary share.

The Basic Materials sector company, SM Energy Company noticed change of 2.27% to $8.56 along volume of 3114256 shares in recent session compared to an average volume of 3897.21K. The stock observed return of -3.49% in 5 days trading activity. The stock was at 7.27% over one-month performance. SM’s shares are at -6.35% for the quarter and driving a -57.48% return over the course of the past year and is now at -44.70% since this point in 2018.   The average volatility for the week at 5.07% and for month was at 6.93%. There are 108.92M shares outstanding and 105.63M shares are floated in market. Right now, the stock beta is 3.04.

 


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