SM Energy Company (NYSE:SM) Receives $37.00 Consensus Price Target from Brokerages

SM Energy Company (NYSE:SM) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $37.00.

SM has been the topic of a number of recent analyst reports. Raymond James Financial raised shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research report on Wednesday, May 20th. TD Cowen reduced their price objective on shares of SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Siebert Williams Shank raised shares of SM Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $41.00 in a research report on Thursday, May 14th. BMO Capital Markets increased their price objective on shares of SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th.

SM Energy Stock Down 0.8%

Shares of NYSE SM opened at $26.30 on Monday. The firm’s 50-day moving average price is $30.36 and its 200-day moving average price is $25.42. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 11.05 and a beta of 0.72. SM Energy has a 12-month low of $17.45 and a 12-month high of $35.88.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.13 by $0.42. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $1.76 EPS. The firm’s revenue was up 75.0% compared to the same quarter last year. On average, equities research analysts anticipate that SM Energy will post 7.3 EPS for the current fiscal year.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, June 8th. SM Energy’s dividend payout ratio is 36.97%.

Insiders Place Their Bets

In related news, Director Ramiro G. Peru sold 24,553 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the sale, the director directly owned 65,964 shares of the company’s stock, valued at $2,241,456.72. This represents a 27.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On SM Energy

A number of hedge funds have recently added to or reduced their stakes in the stock. Summit Global Investments grew its stake in SM Energy by 1.1% in the 4th quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after acquiring an additional 489 shares in the last quarter. State of Wyoming grew its stake in SM Energy by 22.2% in the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock worth $51,000 after acquiring an additional 499 shares in the last quarter. Global Retirement Partners LLC grew its stake in SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after acquiring an additional 535 shares in the last quarter. First Horizon Corp grew its stake in SM Energy by 57.4% in the 4th quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock worth $35,000 after acquiring an additional 678 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in SM Energy by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 22,211 shares of the energy company’s stock worth $415,000 after acquiring an additional 687 shares in the last quarter. 94.56% of the stock is currently owned by 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.