Tag: capital

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Capital One Financial Equities Analysts Decrease Earnings Estimates for SM Energy (NYSE:SM)

Capital One Financial Equities Analysts Decrease Earnings Estimates for SM Energy (NYSE:SM)

SM Energy (NYSE:SM – Get Rating) – Equities research analysts at Capital One Financial cut their Q4 2022 EPS estimates for shares of SM Energy in a report released on Wednesday, November 16th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.57. The consensus estimate for SM Energy’s current full-year earnings is $7.56 per share. Capital One Financial also issued estimates for SM Energy’s FY2024 earnings at $6.91 EPS.

SM has been the subject of several other research reports. KeyCorp started coverage on shares of SM Energy in a report on Monday, September 19th. They issued an “overweight” rating and a $64.00 target price for the company. Barclays dropped their target price on shares of SM Energy from $51.00 to $46.00 and set an “underweight” rating for the company in a report on Wednesday, October 19th. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, Royal Bank of Canada boosted their price target on shares of SM Energy from $53.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.44.

SM Energy Stock Down 1.3 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

SM Energy stock opened at $45.16 on Friday. SM Energy has a fifty-two week low of $25.23 and a fifty-two week high of $54.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $43.43 and a 200 day moving average price of $41.30. The company has a market capitalization of $5.55 billion, a PE ratio of 4.39 and a beta of 4.56.

Institutional Investors Weigh In On SM Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in SM Energy by 677.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock valued at $26,000 after acquiring an additional 508 shares during the last quarter. CWM LLC raised its holdings in shares of SM Energy by 99.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. CWM LLC now owns 867 shares of the energy company’s stock valued at $33,000 after buying an additional 432 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of SM Energy in the second quarter valued at about $34,000. Larson Financial Group LLC purchased a new stake in shares of SM Energy in the third quarter valued at about $38,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of SM Energy by 1,338.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Quadrant Capital Group LLC now owns 2,230 shares of the energy company’s stock valued at $84,000 after buying an additional 2,075 shares during the last quarter. 90.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $45.61, for a total transaction of $394,891.38. Following the completion of the transaction, the chief accounting officer now owns 12,463 shares in the company, valued at $568,437.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $45.61, for a total value of $394,891.38. Following the completion of the sale, the chief accounting officer now directly owns 12,463 shares of the company’s stock, valued at $568,437.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David W. Copeland sold 10,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $46.23, for a total transaction of $462,300.00. Following the completion of the sale, the executive vice president now directly owns 228,543 shares of the company’s stock, valued at $10,565,542.89. The disclosure for this sale can be found here. Insiders own 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

SM Energy Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, November 7th. Investors of record on Tuesday, October 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, October 24th. This represents a dividend yield of 0.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is an increase from SM Energy’s previous Semi-Annual dividend of $0.01. SM Energy’s payout ratio is presently 5.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

SM Energy Company Profile

(Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

See Also

Earnings History and Estimates for SM Energy (NYSE:SM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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While SM Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Circulate Capital Achieves Third Close for Circulate

Circulate Capital Achieves Third Close for Circulate

SINGAPORE, July 27, 2022 (World NEWSWIRE) — Flow into Funds, the Singapore-based financial commitment-administration agency funding large-growth prospects at the nexus of local weather technologies, plastic recycling, and the round economic climate, announced nowadays a 3rd close for Flow into Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s whole commitments to US $53 million.

CCOF I-B’s latest shut delivers Flow into Capital’s complete property less than administration to US $165 million, generating it the greatest effects financial investment company devoted to combating plastic pollution and advancing the round financial state in South and Southeast Asia. Together with the firm’s US $112 million Circulate Money Ocean Fund (CCOF I), the fund invests in companies across the plastic-recycling and waste-management value chains, as effectively as startups concentrated on early-stage disruptive innovation and technological innovation aligned with Flow into Money Disrupt, the firm’s climate tech system, these as new supply styles, state-of-the-art recycling technologies, and new possibilities to single-use plastic.

CCOF I-B’s help includes US $10 million from IFC, a member of the Entire world Lender Group and the greatest world wide development institution focused on the personal sector in emerging markets, and US $5.6 million from Proparco, a subsidiary of Agence Française de Développement (AFD) devoted to personal-sector funding. IFC’s investment decision contains an equity determination of US $5 million from the Finland-IFC Blended Finance for Weather Improve Plan.

“We are delighted to assistance Circulate Money in its attempts to tackle the plastic-waste crisis in Asia,” explained William Sonneborn, IFC’s Senior Director of Disruptive Systems and Cash. “The fund will aid address plastic pollution and weather modify as a result of essential investments in recycling, waste administration, and innovations in alternate components and innovative recycling technologies. It will also boost access to a great deal-necessary cash for the little and medium-sized enterprises offering these important remedies.”

“Waste management and sustainable-plastic recycling have demonstrated to be major priorities to devote in to decrease greenhouse-gasoline emissions,” mentioned Diane Jegam, Proparco’s Regional Director for South Asia. “Proparco is very pleased to associate with Circulate Funds, whose substantial keep track of document and abilities on reduction of plastic waste leakage into the atmosphere put together them to improve the effects of this fund.”

CCOF I-B is backed by a quantity of distinguished worldwide private traders, including Align Impression, Builders Vision, Benjamin Duncan Group, DF Impact Capital, Eden Influence, Huang Chen Foundation, Jebsen & Jessen, Minderoo Foundation, Rumah Team, North-East Family members Office, SK2 Fund, Twynam Investments, the Woodcock Foundation, and Neil Yeoh of OnePointFive. In April 2022, Circulate Capital announced an anticipated commitment to be manufactured later this 12 months by the European Investment Lender (EIB), which will make investments up to US $20 million in CCOF I-B.

In December 2021, Flow into Capital announced the US $25 million second shut of CCOF I-B, which was adopted by the June 2021 announcement of the CCOF I-B fund launch.

The company has also not too long ago achieved key milestones across its portfolio, including:

  • A observe-on co-expenditure by CCOF I-B and CCOF I in existing Asia Recycling Source Chain portfolio enterprise Lucro Plastecycle Private Restricted (Lucro), a homegrown Indian company that specializes in recycling challenging-to-take care of flexible plastic packaging and is swiftly evolving into a materials-sciences organization. 
  • Circ, the round style company whose innovative engineering returns dresses to the uncooked resources from which they were created, elevated above US $30 million in Collection B funding backed by some of the most significant worldwide clothing companies and enterprise funds corporations, such as Inditex, Invoice Gates-established Breakthrough Electricity Ventures (BEV) and Flow into Cash.

“The race to unlock the investment decision prospective of the circular financial state is heating up,” reported Rob Kaplan, CEO and Founder of Flow into Cash. “With institutional traders like IFC and Proparco leaping in alongside world-wide firms, foundations, and spouse and children offices, and many of our portfolio organizations attaining major milestones, it can be obvious that the time to devote in the round economy is now. Taken collectively, these developments make the case that our blended finance method has correctly created new current market possibilities that crank out major effects and aggressive economical returns, bringing us nearer to our ambition to unlock just one billion dollars to stop 150 million tons of ocean plastic air pollution by 2030.”

About Circulate Capital
Circulate Cash is an expenditure management company focused to the development of a circular economy to fight plastic pollution via investments in significant-growth opportunities at the nexus of local climate-tech and plastics recycling infrastructure. In 2019, we released the Circulate Money Ocean Fund (CCOF I), the world’s to start with expenditure fund dedicated to protecting against ocean plastic waste in South and Southeast Asia via investments in catalytic options in recycling and the circular financial system that can create aggressive returns. Our 2nd fund, Flow into Capital Ocean Fund I-B (CCOF I-B), launched in 2021, invests both into disruptive innovations via Flow into Capital Disrupt, the firm’s local climate-tech technique and into the recycling benefit chain in South and Southeast Asia, along with CCOF I. Our founding buyers incorporate PepsiCo, Procter & Gamble, Dow, Danone, Chanel, Unilever, The Coca-Cola Organization, Chevron Phillips Chemical Corporation LLC and Mondelēz Worldwide. For additional data, visit circulatecapital.com.

About IFC
IFC — a member of the Globe Financial institution Team — is the major world wide advancement establishment focused on the private sector in rising marketplaces. We get the job done in far more than 100 international locations, employing our capital, skills, and affect to create markets and options in developing international locations. In fiscal yr 2021, IFC dedicated a history $31.5 billion to non-public providers and monetary establishments in establishing international locations, leveraging the electric power of the personal sector to conclusion serious poverty and enhance shared prosperity as economies grapple with the impacts of the COVID-19 pandemic. For extra data, visit ifc.org.

About Proparco
Proparco is the personal-sector arm of the French Growth Company (Agence Française de Développement – AFD). Proparco has been selling sustainable economic, social and environmental progress for around 40 decades. It presents funding and help to corporations in Africa, Asia, Latin The united states, and the Middle East. Its motion focuses on important enhancement sectors, significantly healthcare, instruction, renewable energy, agribusiness and monetary institutions. Proparco’s functions goal to bolster the non-public sector’s contribution to the Sustainable Advancement Objectives (SDGs). To this close, Proparco finances organizations building careers and first rate incomes, delivering essential goods and solutions and combating climate adjust. For a Globe in Widespread. For further details: stop by proparco.fr and @Proparco.

Nothing contained in this Press Launch is supposed to task, forecast, promise or forecast the future general performance of any expense. Any reference to the prospective or true overall performance of an financial investment by CCOF I-B or other expenditure or car managed by Circulate Money is not a assurance of upcoming functionality.

US Inquiries:
Confluence Associates
David Press, +1 917 721 7046 
dpress@confluencepartners.com

Asia Inquiries:
Baldwin Boyle Group
Rebecca Smith, +65 8318 6275 
Rebecca.Smith@baldwinboyle.com

IFC
Alec Macfarlane, +1 202 203 8324 
amacfarlane@ifc.org

Proparco 
Romain Esperon 
esperonr@proparco.fr

This content material was issued by means of the press launch distribution support at Newswire.com.

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Capital One Financial Analysts Lower Earnings Estimates for PDC Energy, Inc. (NASDAQ:PDCE)

Capital One Financial Analysts Lower Earnings Estimates for PDC Energy, Inc. (NASDAQ:PDCE)

PDC Energy, Inc. (NASDAQ:PDCE – Get Rating) – Research analysts at Capital One Financial lowered their Q3 2022 earnings estimates for PDC Energy in a report released on Tuesday, July 19th. Capital One Financial analyst B. Velie now forecasts that the energy producer will post earnings per share of $4.13 for the quarter, down from their previous estimate of $5.34. The consensus estimate for PDC Energy’s current full-year earnings is $18.51 per share. Capital One Financial also issued estimates for PDC Energy’s Q4 2022 earnings at $4.63 EPS, FY2022 earnings at $17.21 EPS, Q1 2023 earnings at $4.54 EPS, Q2 2023 earnings at $4.74 EPS, Q3 2023 earnings at $5.05 EPS, Q4 2023 earnings at $5.30 EPS and FY2023 earnings at $19.64 EPS.

Several other research analysts have also commented on PDCE. KeyCorp raised their price target on shares of PDC Energy from $80.00 to $84.00 and gave the company an “overweight” rating in a report on Friday, April 8th. Wells Fargo & Company raised their price target on shares of PDC Energy from $102.00 to $105.00 and gave the company an “overweight” rating in a report on Monday, July 11th. The Goldman Sachs Group cut their price target on shares of PDC Energy from $87.00 to $77.00 and set a “buy” rating on the stock in a report on Tuesday, July 5th. MKM Partners restated a “buy” rating and issued a $76.00 price target on shares of PDC Energy in a report on Wednesday. Finally, Truist Financial lifted their price objective on shares of PDC Energy from $94.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $87.75.

PDC Energy Price Performance

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PDCE opened at $60.59 on Friday. PDC Energy has a 1 year low of $34.52 and a 1 year high of $89.22. The company’s 50 day simple moving average is $68.09 and its 200 day simple moving average is $66.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $5.78 billion, a PE ratio of 12.07 and a beta of 2.73.

PDC Energy (NASDAQ:PDCE – Get Rating) last released its earnings results on Wednesday, May 4th. The energy producer reported $3.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.48. PDC Energy had a net margin of 26.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 38.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $316.45 million for the quarter, compared to analysts’ expectations of $702.98 million. During the same period last year, the company earned $1.41 earnings per share. The company’s quarterly revenue was up 10.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Hedge Funds Weigh In On PDC Energy

Hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its holdings in shares of PDC Energy by 4,577.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Royce & Associates LP now owns 258,266 shares of the energy producer’s stock valued at $12,598,000 after acquiring an additional 252,744 shares during the period. Yousif Capital Management LLC acquired a new position in shares of PDC Energy during the fourth quarter valued at $4,423,000. Citigroup Inc. boosted its holdings in shares of PDC Energy by 20.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. Citigroup Inc. now owns 175,595 shares of the energy producer’s stock valued at $8,566,000 after acquiring an additional 29,323 shares during the period. GSA Capital Partners LLP acquired a new position in shares of PDC Energy during the fourth quarter valued at $1,219,000. Finally, First Trust Advisors LP boosted its holdings in shares of PDC Energy by 223.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the fourth quarter. First Trust Advisors LP now owns 820,470 shares of the energy producer’s stock valued at $40,023,000 after acquiring an additional 567,065 shares during the period.

Insider Buying and Selling

In related news, CEO Barton R. Brookman, Jr. sold 2,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $68.10, for a total value of $136,200.00. Following the completion of the sale, the chief executive officer now owns 402,201 shares in the company, valued at $27,389,888.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other PDC Energy news, CFO R Scott Meyers sold 1,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $68.47, for a total value of $68,470.00. Following the completion of the transaction, the chief financial officer now owns 118,128 shares of the company’s stock, valued at $8,088,224.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Barton R. Brookman, Jr. sold 2,000 shares of PDC Energy stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $68.10, for a total transaction of $136,200.00. Following the completion of the transaction, the chief executive officer now directly owns 402,201 shares of the company’s stock, valued at approximately $27,389,888.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,038 shares of company stock worth $4,370,386. Insiders own 1.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

PDC Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Investors of record on Thursday, June 9th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.31{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date was Wednesday, June 8th. This is a positive change from PDC Energy’s previous quarterly dividend of $0.25. PDC Energy’s payout ratio is 27.89{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

PDC Energy Company Profile

(Get Rating)

PDC Energy, Inc, an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company’s operations are primarily located in the Wattenberg Field in Colorado and the Delaware Basin in Texas.

See Also

Earnings History and Estimates for PDC Energy (NASDAQ:PDCE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in PDC Energy right now?

Before you consider PDC Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PDC Energy wasn’t on the list.

While PDC Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

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Capital One Financial Analysts Reduce Earnings Estimates for Continental Resources, Inc. (NYSE:CLR)

Capital One Financial Analysts Reduce Earnings Estimates for Continental Resources, Inc. (NYSE:CLR)

Continental Assets, Inc. (NYSE:CLR – Get Score) – Funds One Fiscal lowered their Q3 2022 earnings per share (EPS) estimates for Continental Resources in a research notice issued on Monday, July 18th. Capital Just one Monetary analyst P. Johnston now expects that the oil and natural gasoline company will gain $2.54 for every share for the quarter, down from their former estimate of $2.56. The consensus estimate for Continental Resources’ present entire-12 months earnings is $11.95 for each share. Funds 1 Fiscal also issued estimates for Continental Resources’ FY2022 earnings at $11.09 EPS and FY2023 earnings at $9.10 EPS.

A selection of other research corporations also a short while ago weighed in on CLR. Citigroup downgraded Continental Resources from a “obtain” rating to a “neutral” ranking and slash their value concentrate on for the stock from $74.00 to $70.00 in a study observe on Friday, June 24th. StockNews.com lowered Continental Assets from a “acquire” ranking to a “maintain” rating in a report on Tuesday, Might 10th. Wells Fargo & Organization downgraded Continental Sources from an “obese” rating to an “equivalent pounds” rating and established a $82.00 focus on rate for the firm. in a research report on Wednesday, June 15th. Royal Lender of Canada downgraded Continental Means from an “outperform” rating to a “sector complete” rating and lifted their selling price aim for the business from $75.00 to $80.00 in a investigate report on Wednesday, July 6th. Ultimately, Piper Sandler dropped their goal value on Continental Methods to $76.00 and set a “na” score for the organization in a exploration report on Wednesday, May 18th. Two financial commitment analysts have rated the inventory with a provide score, 10 have issued a keep score and five have issued a invest in ranking to the firm’s stock. According to details from MarketBeat, the business presently has a consensus rating of “Maintain” and a consensus value concentrate on of $69.85.

Continental Means Stock Up 2.4 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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Shares of Continental Sources inventory opened at $64.69 on Tuesday. The stock has a 50-working day shifting normal selling price of $65.21 and a 200 day shifting normal value of $59.89. The organization has a industry cap of $23.48 billion, a P/E ratio of 11.78, a P/E/G ratio of .14 and a beta of 2.62. The organization has a current ratio of .95, a speedy ratio of .88 and a credit card debt-to-fairness ratio of .79. Continental Methods has a 1 12 months small of $31.40 and a 1 calendar year significant of $75.49.

Continental Assets (NYSE:CLR – Get Ranking) previous introduced its earnings benefits on Wednesday, May 4th. The oil and organic fuel enterprise noted $2.65 earnings per share for the quarter, beating the consensus estimate of $2.41 by $.24. Continental Assets experienced a return on fairness of 31.43{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a internet margin of 31.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business enterprise experienced earnings of $1.82 billion throughout the quarter, in comparison to analysts’ anticipations of $2.16 billion. For the duration of the very same quarter past year, the business posted $.77 earnings per share. The company’s quarterly income was up 49.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a 12 months-over-year basis.

Continental Methods Improves Dividend

The business also not too long ago declared a quarterly dividend, which was paid on Monday, May possibly 23rd. Shareholders of report on Monday, May 9th had been presented a dividend of $.28 for every share. This represents a $1.12 annualized dividend and a generate of 1.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a favourable transform from Continental Resources’s prior quarterly dividend of $.23. The ex-dividend date was Friday, Might 6th. Continental Resources’s dividend payout ratio is presently 20.40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Hedge Funds Weigh In On Continental Means

Hedge resources and other institutional investors have just lately modified their holdings of the firm. Lazard Asset Administration LLC bought a new position in Continental Assets in the very first quarter well worth about $26,000. Acadian Asset Management LLC bought a new stake in shares of Continental Means during the first quarter valued at roughly $36,000. Atlas Cash Advisors LLC purchased a new stake in Continental Sources in the very first quarter well worth around $47,000. Steward Partners Expense Advisory LLC raised its placement in Continental Resources by 507.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. Steward Partners Investment Advisory LLC now owns 778 shares of the oil and all-natural fuel firm’s stock worthy of $48,000 immediately after obtaining an supplemental 650 shares during the period. Eventually, Bellwether Advisors LLC purchased a new placement in Continental Means in the fourth quarter value approximately $44,000. 13.41{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by institutional traders.

About Continental Means

(Get Score)

Continental Means, Inc explores for, develops, provides, and manages crude oil, normal fuel, and associated solutions primarily in the north, south, and east regions of the United States. The company sells its crude oil and all-natural gas output to strength promoting organizations, crude oil refining organizations, and purely natural gasoline accumulating and processing corporations.

Browse A lot more

Earnings History and Estimates for Continental Resources (NYSE:CLR)

This fast information warn was produced by narrative science technological know-how and economical info from MarketBeat in purchase to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial crew prior to publication. You should deliver any issues or comments about this story to call@marketbeat.com.

Must you devote $1,000 in Continental Means proper now?

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MarketBeat keeps monitor of Wall Street’s major-rated and very best executing exploration analysts and the stocks they recommend to their shoppers on a day-to-day basis. MarketBeat has determined the five stocks that best analysts are quietly whispering to their purchasers to acquire now just before the broader marketplace catches on… and Continental Methods was not on the list.

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South Korea not worried about capital outflows for now: Finance minister

South Korea not worried about capital outflows for now: Finance minister

South Korea’s finance minister has shrugged off shorter-expression hazards of cash outflows from the Asian economic climate as gaps in world wide premiums widen.

SeongJoon Cho | Bloomberg | Getty Photos

BALI, Indonesia — South Korea’s finance minister has shrugged off quick-term challenges of cash outflows from the Asian economic system as gaps in world rates widen. 

Speaking to CNBC at the Team of 20 assembly in Bali, Choo Kyung-ho said cash outflows from a region really don’t get spot as a consequence of a single economic driver — these as curiosity rate gaps — given that investors are also swayed by other variables, like the energy of an overall economy. 

Choo, who is also the country’s deputy prime minister, acknowledged there are concerns the U.S. could be headed for far more intense amount hikes, and the widening rate hole could bring about money outflows from South Korea.

“The amount hole has occurred ahead of a couple of occasions, but we failed to knowledge any big funds outflows,” he said Friday, in accordance to CNBC’s translation. “Based mostly on that, I imagine capital outflow will not transpire merely for the reason that of a amount differential.”

Cash outflows occur when belongings and revenue leave one nation for an additional because of to superior investment returns, these kinds of as larger desire costs.

In June, the U.S. Federal Reserve greater benchmark curiosity rates by 75 foundation points, its most aggressive amount hike considering that 1994.

The U.S. Federal Reserve is poised to make another main charge hike at its coming July meeting with some traders betting very last 7 days on an maximize as significant as 100 foundation factors, after U.S. purchaser inflation hit a 40-calendar year significant of 9.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Fundamentals are key

“The most essential factors are an economy’s fundamentals, no matter whether the financial system can present trustworthiness to markets. These are the factors that transfer cash,” Choo instructed CNBC’s Martin Soong.

Nonetheless, the South Korean finance minister reported the Fed’s intense desire price hikes — an attempt to rein in inflation — is nevertheless cause for concern. The escalating distinction in borrowing costs amongst the U.S. and South Korea could accelerate capital flows amongst the two countries down the highway, he added. 

… I am not worried about any dramatic funds outflows.

Choo Kyung-ho

South Korea finance minister

Current cash inflows into the South Korean economy, specially into the treasury markets, have also served mitigate fears of an outward money flight, Choo extra. 

“South Korea’s economic climate is encountering a smaller moderation in comparison to the world-wide economy. And it is even now on a recovery route,” he mentioned. 

“Which is why I am not anxious about any spectacular cash outflows.”

Previous 7 days, the Financial institution of Korea acknowledged there ended up threats of cash outflows when it shipped a historic half-point desire price raise in a bid to rein in soaring rates, as inflation soared to its speediest pace in 24 several years.

Issues of capital outflows, or capital flight, are starting off to arise as central banking companies globally race to elevate interest prices in an work to curb mounting inflation. 

The disparity in charges involving marketplaces — in particular with some marketplaces like the U.S. favoring additional intense price hikes — can start to travel sizzling revenue flows as investors look for for improved returns. 

Incidents of cash flight in the earlier involve movements of funds reacting to U.S. quantitative easing actions just after the sub-key disaster, which involved amplified liquidity and decreased interest fees.

The weakening of the U.S. greenback forced capital into other markets these kinds of as emerging economies in Asia, raising inflationary pressures and appreciating the currencies in all those markets. 

Sizzling money outflows in Asia?

Economists have started to warn about this round of very hot funds flows. 

Mizuho Lender analysts stated in a be aware previous week there have been considerations of capital outflows from India, especially as the U.S. is actively boosting desire premiums and weaknesses are showing up in India’s economy. 

India posted a report $25.6 billion trade deficit in June, as crude oil and coal imports surged.

“This will exacerbate unstable funds outflows, at a time when the US Fed is now fully commited to intense charge hikes, implying bigger INR depreciation pressures,” claimed analysts Vishnu Varathan, Lavanya Venkateswaran and Tan Boon Heng. 

Stock picks and investing developments from CNBC Professional:

“The Reserve Lender of India, acutely mindful of this predicament, is bracing for additional level hikes.”

Thailand far too may perhaps take into consideration much more level hikes to maintain up with Fed level rises amid a depreciating Thai baht which “threatened to worsen imported inflation and exacerbate funds outflows in an adverse opinions loop”, the analysts reported. 

The Chinese overall economy could also experience greater pressures in capital outflows as a result of U.S. fee hikes whilst China’s individual muted financial state was the more possible driver for income flows, stated Larry Hu, Macquarie Group’s chief China economist, reported in a be aware last thirty day period. 

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Capital One Financial Analysts Reduce Earnings Estimates for SM Energy (NYSE:SM)

Capital One Financial Analysts Reduce Earnings Estimates for SM Energy (NYSE:SM)

SM Energy (NYSE:SM – Get Rating) – Stock analysts at Capital One Financial decreased their Q2 2022 earnings estimates for SM Energy in a research report issued to clients and investors on Tuesday, July 12th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $2.16 per share for the quarter, down from their previous estimate of $2.84. The consensus estimate for SM Energy’s current full-year earnings is $9.02 per share. Capital One Financial also issued estimates for SM Energy’s Q3 2022 earnings at $1.61 EPS, Q4 2022 earnings at $1.72 EPS, FY2022 earnings at $7.47 EPS, Q1 2023 earnings at $1.88 EPS, Q2 2023 earnings at $1.96 EPS, Q3 2023 earnings at $2.13 EPS, Q4 2023 earnings at $2.28 EPS and FY2023 earnings at $8.24 EPS.

SM Energy (NYSE:SM – Get Rating) last announced its earnings results on Thursday, April 28th. The energy company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). The business had revenue of $859.78 million for the quarter, compared to the consensus estimate of $765.23 million. SM Energy had a net margin of 11.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 26.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s quarterly revenue was up 93.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share.

Other equities analysts have also issued reports about the stock. StockNews.com assumed coverage on shares of SM Energy in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Raymond James boosted their target price on shares of SM Energy from $57.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Barclays boosted their target price on shares of SM Energy from $40.00 to $55.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Finally, KeyCorp boosted their target price on shares of SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.25.

Shares of NYSE SM opened at $32.21 on Thursday. The firm has a 50 day moving average of $40.34 and a 200 day moving average of $37.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.25 and a beta of 5.09. SM Energy has a 12-month low of $14.79 and a 12-month high of $54.97.

In other news, VP David J. Whitcomb sold 44,771 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $41.79, for a total value of $1,870,980.09. Following the sale, the vice president now owns 39,925 shares of the company’s stock, valued at $1,668,465.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David W. Copeland sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the completion of the sale, the executive vice president now directly owns 188,722 shares in the company, valued at approximately $9,668,228.06. The disclosure for this sale can be found here. In the last three months, insiders sold 69,771 shares of company stock worth $2,987,130. Insiders own 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in SM Energy by 1.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. BlackRock Inc. now owns 19,579,955 shares of the energy company’s stock worth $762,639,000 after acquiring an additional 331,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in SM Energy by 1.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. Vanguard Group Inc. now owns 14,038,853 shares of the energy company’s stock worth $546,814,000 after acquiring an additional 226,919 shares in the last quarter. State Street Corp grew its holdings in SM Energy by 13.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock worth $272,755,000 after acquiring an additional 842,589 shares in the last quarter. JB Investments Management LLC grew its holdings in SM Energy by 1.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. JB Investments Management LLC now owns 5,053,651 shares of the energy company’s stock worth $148,982,000 after acquiring an additional 49,933 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in SM Energy by 8.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. Dimensional Fund Advisors LP now owns 3,897,988 shares of the energy company’s stock worth $151,837,000 after acquiring an additional 293,299 shares in the last quarter. Hedge funds and other institutional investors own 86.45{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

SM Energy Company Profile (Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

Further Reading

Earnings History and Estimates for SM Energy (NYSE:SM)



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