SM Energy (NYSE:SM) Price Target Increased to $65.00 by Analysts at KeyCorp

SM Energy (NYSE:SM) had its price target increased by KeyCorp from $62.00 to $65.00 in a research report sent to investors on Monday, Benzinga reports. They currently have an overweight rating on the energy company’s stock.

Other equities analysts have also recently issued reports about the company. Mizuho raised their target price on SM Energy from $51.00 to $57.00 and gave the company a buy rating in a report on Friday, April 5th. Raymond James dropped their price objective on shares of SM Energy from $53.00 to $45.00 and set an outperform rating for the company in a report on Monday, January 8th. Susquehanna increased their target price on shares of SM Energy from $38.00 to $42.00 and gave the stock a neutral rating in a report on Monday, February 26th. Royal Bank of Canada restated a sector perform rating and issued a $45.00 price target on shares of SM Energy in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. upped their price objective on SM Energy from $49.00 to $54.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, SM Energy presently has a consensus rating of Moderate Buy and a consensus price target of $52.57.

SM Energy Stock Up 1.6 %

Shares of NYSE SM opened at $48.85 on Monday. The company has a market capitalization of $5.65 billion, a P/E ratio of 7.11 and a beta of 4.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50 day simple moving average of $46.42 and a 200-day simple moving average of $41.04. SM Energy has a 1 year low of $25.03 and a 1 year high of $53.26.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. The business had revenue of $608.73 million during the quarter, compared to analysts’ expectations of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. On average, equities research analysts predict that SM Energy will post 6.15 earnings per share for the current year.

SM Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.72 annualized dividend and a dividend yield of 1.47%. SM Energy’s dividend payout ratio (DPR) is currently 10.48%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SM. Dimensional Fund Advisors LP raised its position in shares of SM Energy by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,509,379 shares of the energy company’s stock worth $213,326,000 after acquiring an additional 493,427 shares in the last quarter. Invesco Ltd. increased its stake in SM Energy by 72.8% in the third quarter. Invesco Ltd. now owns 2,054,503 shares of the energy company’s stock valued at $81,461,000 after purchasing an additional 865,480 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SM Energy by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,593,103 shares of the energy company’s stock worth $61,685,000 after purchasing an additional 64,781 shares in the last quarter. American Century Companies Inc. lifted its position in shares of SM Energy by 5.7% during the 3rd quarter. American Century Companies Inc. now owns 1,547,315 shares of the energy company’s stock worth $61,351,000 after buying an additional 83,588 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in shares of SM Energy in the 4th quarter valued at $50,075,000. 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.