SM Energy Company (NYSE:SM) Receives $33.62 Average Price Target from Analysts

SM Energy Company (NYSE:SM) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $33.6154.

A number of equities research analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on SM Energy from $25.00 to $29.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. KeyCorp lifted their price objective on SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Truist Financial assumed coverage on SM Energy in a research report on Tuesday, March 24th. They issued a “buy” rating and a $38.00 price objective for the company. Susquehanna lowered their price objective on SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Finally, BMO Capital Markets lifted their target price on SM Energy from $26.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, April 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lighthouse Investment Partners LLC acquired a new stake in shares of SM Energy in the third quarter worth $4,619,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of SM Energy in the third quarter worth $1,190,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of SM Energy by 135.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,766 shares of the energy company’s stock worth $6,362,000 after acquiring an additional 146,444 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of SM Energy by 70.6% in the third quarter. Kennedy Capital Management LLC now owns 574,107 shares of the energy company’s stock worth $14,335,000 after acquiring an additional 237,537 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of SM Energy by 22.6% in the third quarter. Royce & Associates LP now owns 356,608 shares of the energy company’s stock worth $8,905,000 after acquiring an additional 65,732 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Price Performance

Shares of NYSE:SM opened at $29.06 on Friday. The company has a market cap of $6.97 billion, a P/E ratio of 12.21 and a beta of 0.73. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48. SM Energy has a 52 week low of $17.45 and a 52 week high of $33.25. The business has a fifty day simple moving average of $28.12 and a 200-day simple moving average of $22.56.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a return on equity of 15.53% and a net margin of 3.45%.The business’s revenue for the quarter was up 75.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 earnings per share. Equities research analysts forecast that SM Energy will post 6.85 EPS for the current year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 9th were issued a $0.22 dividend. The ex-dividend date was Monday, March 9th. This is an increase from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. SM Energy’s payout ratio is 15.58%.

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.