SM Energy Company (NYSE:SM) Receives $35.91 Average PT from Brokerages

SM Energy Company (NYSE:SM) has received a consensus rating of “Hold” from the twelve analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $35.9091.

A number of equities analysts recently issued reports on SM shares. Weiss Ratings reissued a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on SM Energy from $30.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Susquehanna cut their price objective on shares of SM Energy to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Finally, KeyCorp reduced their price objective on shares of SM Energy from $36.00 to $28.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th.

SM Energy Stock Down 0.5%

SM stock opened at $18.68 on Monday. The stock has a market cap of $2.14 billion, a PE ratio of 2.95 and a beta of 1.16. The firm’s 50-day simple moving average is $19.24 and its 200 day simple moving average is $23.80. SM Energy has a fifty-two week low of $17.58 and a fifty-two week high of $44.95. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49.

SM Energy (NYSE:SM) last posted its earnings results on Monday, November 3rd. The energy company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.25 by $0.08. SM Energy had a net margin of 22.03% and a return on equity of 16.67%. The firm had revenue of $811.59 million during the quarter, compared to analysts’ expectations of $838.24 million. During the same quarter in the prior year, the firm earned $1.62 EPS. SM Energy’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, sell-side analysts predict that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, December 26th. SM Energy’s dividend payout ratio is currently 12.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in SM Energy by 69.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock worth $30,000 after purchasing an additional 417 shares during the period. First Horizon Corp bought a new stake in shares of SM Energy in the 3rd quarter worth $30,000. Johnson Financial Group Inc. bought a new stake in shares of SM Energy in the 3rd quarter worth $31,000. Jones Financial Companies Lllp lifted its holdings in shares of SM Energy by 316.7% in the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after buying an additional 912 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of SM Energy by 220.6% in the third quarter. Hantz Financial Services Inc. now owns 1,430 shares of the energy company’s stock valued at $36,000 after buying an additional 984 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

About SM Energy

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.