Mizuho Has Lowered Expectations for SM Energy (NYSE:SM) Stock Price

SM Energy (NYSE:SM) had its target price reduced by Mizuho from $46.00 to $42.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the energy company’s stock. Mizuho’s price target points to a potential upside of 66.01% from the stock’s current price.

A number of other equities research analysts have also issued reports on SM. Wells Fargo & Company lowered their target price on SM Energy from $45.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. StockNews.com cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Stephens lowered their price target on shares of SM Energy from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Truist Financial lifted their price target on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Williams Trading set a $41.00 price objective on shares of SM Energy in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.92.

SM Energy Trading Up 2.1%

SM stock traded up $0.51 during trading on Tuesday, reaching $25.30. 387,822 shares of the stock traded hands, compared to its average volume of 1,946,671. The firm has a market capitalization of $2.90 billion, a PE ratio of 3.79 and a beta of 2.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52. The business’s 50 day moving average price is $25.51 and its 200-day moving average price is $35.06. SM Energy has a 52-week low of $19.67 and a 52-week high of $50.77.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.16. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The business had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. During the same quarter in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was up 50.8% on a year-over-year basis. As a group, sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current year.

Insider Activity

In other SM Energy news, Director Barton R. Brookman, Jr. acquired 7,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $32.36 per share, with a total value of $226,520.00. Following the purchase, the director now directly owns 14,666 shares of the company’s stock, valued at approximately $474,591.76. This trade represents a 91.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On SM Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners boosted its position in shares of SM Energy by 28.6% in the 1st quarter. Boston Partners now owns 38,085 shares of the energy company’s stock valued at $1,141,000 after purchasing an additional 8,475 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in SM Energy by 73.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,899 shares of the energy company’s stock valued at $57,000 after buying an additional 802 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of SM Energy by 114.1% in the first quarter. Russell Investments Group Ltd. now owns 192,565 shares of the energy company’s stock worth $5,767,000 after buying an additional 102,619 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of SM Energy by 42.2% in the first quarter. Public Sector Pension Investment Board now owns 405,332 shares of the energy company’s stock worth $12,140,000 after buying an additional 120,275 shares during the period. Finally, AIA Group Ltd increased its position in shares of SM Energy by 32.7% in the first quarter. AIA Group Ltd now owns 8,631 shares of the energy company’s stock worth $258,000 after acquiring an additional 2,128 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Company Profile

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.