Brokerages Set SM Energy Company (NYSE:SM) Target Price at $33.20

SM Energy Company (NYSE:SM) has been given an average rating of “Hold” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $32.20.

Several research firms have issued reports on SM. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, January 21st. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Royal Bank Of Canada dropped their price target on SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 13th. Stephens boosted their price objective on SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Mizuho set a $34.00 target price on shares of SM Energy in a research report on Friday, January 9th.

SM Energy Stock Performance

Shares of SM Energy stock opened at $22.77 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $19.52 and its two-hundred day moving average is $21.90. The firm has a market capitalization of $2.61 billion, a P/E ratio of 3.59 and a beta of 1.14. SM Energy has a 52 week low of $17.45 and a 52 week high of $34.73.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were paid a $0.20 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.5%. SM Energy’s payout ratio is currently 12.62%.

Hedge Funds Weigh In On SM Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBC Securities Inc. increased its position in SM Energy by 160.5% in the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after acquiring an additional 830 shares during the period. SBI Securities Co. Ltd. grew its stake in shares of SM Energy by 10,461.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,360 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after purchasing an additional 535 shares during the period. First Horizon Corp purchased a new stake in shares of SM Energy during the third quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of SM Energy during the third quarter worth $31,000. Hedge funds and other institutional investors own 94.56% of the company’s stock.

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.