SM Energy (NYSE:SM) Price Target Cut to $37.00 by Analysts at Mizuho

SM Energy (NYSE:SM) had its price objective lowered by equities research analysts at Mizuho from $38.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the energy company’s stock. Mizuho’s target price would suggest a potential upside of 40.36% from the company’s previous close.

SM has been the subject of a number of other research reports. Raymond James Financial upgraded shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Wednesday, May 20th. Truist Financial upped their price objective on SM Energy from $38.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Weiss Ratings raised SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Roth Mkm upgraded SM Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $30.00 to $32.00 in a research note on Monday, June 22nd. Nine equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.00.

SM Energy Stock Performance

SM stock opened at $26.36 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm has a market cap of $6.32 billion, a PE ratio of 11.08 and a beta of 0.73. The business has a 50 day moving average of $30.17 and a 200-day moving average of $25.75. SM Energy has a 12-month low of $17.45 and a 12-month high of $35.88.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the firm earned $1.76 earnings per share. The business’s revenue was up 75.0% on a year-over-year basis. As a group, sell-side analysts expect that SM Energy will post 7.3 earnings per share for the current year.

Insider Activity at SM Energy

In other news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the transaction, the director directly owned 65,964 shares in the company, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.45% of the company’s stock.

Institutional Trading of SM Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lighthouse Investment Partners LLC bought a new position in SM Energy in the 3rd quarter worth about $4,619,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of SM Energy by 96.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 114,609 shares of the energy company’s stock valued at $2,143,000 after acquiring an additional 56,160 shares in the last quarter. Denali Advisors LLC boosted its position in shares of SM Energy by 22.2% during the 4th quarter. Denali Advisors LLC now owns 300,000 shares of the energy company’s stock valued at $5,610,000 after acquiring an additional 54,428 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of SM Energy by 70.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 574,107 shares of the energy company’s stock valued at $14,335,000 after acquiring an additional 237,537 shares during the last quarter. Finally, CSM Advisors LLC grew its holdings in shares of SM Energy by 25.3% during the third quarter. CSM Advisors LLC now owns 209,494 shares of the energy company’s stock worth $5,232,000 after purchasing an additional 42,244 shares in the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.