Wells Fargo & Company Boosts SM Energy (NYSE:SM) Price Target to $51.00

SM Energy (NYSE:SM) had its target price boosted by stock analysts at Wells Fargo & Company from $45.00 to $51.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the energy company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 3.47% from the company’s previous close.

Several other research analysts have also recently weighed in on SM. Seaport Res Ptn upgraded shares of SM Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of SM Energy from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. KeyCorp boosted their price target on shares of SM Energy from $51.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Mizuho boosted their price target on shares of SM Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Raymond James lowered their price objective on shares of SM Energy from $53.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, SM Energy currently has a consensus rating of “Moderate Buy” and an average target price of $50.86.

SM Energy Stock Down 2.0 %

Shares of NYSE SM opened at $49.29 on Thursday. The stock has a market capitalization of $5.71 billion, a P/E ratio of 7.17 and a beta of 4.20. The company has a 50-day moving average price of $45.76 and a 200-day moving average price of $40.78. SM Energy has a 1 year low of $25.03 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45.

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 the consensus estimate of $1.39 by $0.17. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The business had revenue of $608.73 million for the quarter, compared to analysts’ expectations of $611.35 million. During the same period in the previous year, the company earned $1.29 earnings per share. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, equities research analysts forecast that SM Energy will post 6.21 EPS for the current fiscal year.

Institutional Trading of SM Energy

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC raised its position in shares of SM Energy by 11.3% in the fourth quarter. CWM LLC now owns 2,683 shares of the energy company’s stock valued at $104,000 after purchasing an additional 272 shares during the period. Profund Advisors LLC grew its stake in SM Energy by 4.2% during the fourth quarter. Profund Advisors LLC now owns 6,999 shares of the energy company’s stock valued at $271,000 after acquiring an additional 285 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in SM Energy by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 20,125 shares of the energy company’s stock worth $779,000 after purchasing an additional 286 shares in the last quarter. Eaton Vance Management lifted its stake in SM Energy by 3.8% in the 1st quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock worth $326,000 after purchasing an additional 309 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in SM Energy by 4.5% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,630 shares of the energy company’s stock worth $266,000 after purchasing an additional 326 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

About SM Energy

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.