SM Energy (NYSE:SM) Price Target Increased to $62.00 by Analysts at Mizuho

SM Energy (NYSE:SMGet Free Report) had its price objective raised by stock analysts at Mizuho from $57.00 to $62.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. Mizuho’s price objective would suggest a potential upside of 25.13% from the company’s previous close.

Several other research analysts also recently commented on SM. Royal Bank of Canada raised their price objective on SM Energy from $50.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Friday, May 10th. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company lifted their target price on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, Seaport Res Ptn raised SM Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and a consensus target price of $54.57.

Read Our Latest Analysis on SM Energy

SM Energy Stock Up 1.2 %

NYSE SM opened at $49.55 on Monday. The stock’s 50-day moving average price is $49.21 and its 200-day moving average price is $42.03. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a 52 week low of $25.47 and a 52 week high of $53.26. The company has a market capitalization of $5.70 billion, a P/E ratio of 7.77 and a beta of 4.21.

SM Energy (NYSE:SMGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.39 by $0.17. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. The firm had revenue of $608.73 million for the quarter, compared to the consensus estimate of $611.35 million. During the same quarter last year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities research analysts predict that SM Energy will post 6.53 earnings per share for the current year.

Institutional Trading of SM Energy

A number of large investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its holdings in shares of SM Energy by 54.9% in the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after purchasing an additional 206 shares during the period. CWM LLC boosted its holdings in shares of SM Energy by 11.3% in the 4th quarter. CWM LLC now owns 2,683 shares of the energy company’s stock worth $104,000 after purchasing an additional 272 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of SM Energy by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,125 shares of the energy company’s stock worth $779,000 after purchasing an additional 286 shares during the period. UMB Bank n.a. boosted its holdings in shares of SM Energy by 66.8% in the 1st quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after purchasing an additional 332 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in shares of SM Energy by 31.6% in the 4th quarter. First Horizon Advisors Inc. now owns 1,469 shares of the energy company’s stock worth $57,000 after purchasing an additional 353 shares during the period. Institutional investors own 94.56% of the company’s stock.

SM Energy Company Profile

(Get Free Report)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.

Further Reading

Analyst Recommendations for SM Energy (NYSE:SM)

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