SM Energy (NYSE:SM) Upgraded at TD Cowen

SM Energy (NYSE:SM) was upgraded by TD Cowen to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on SM. Royal Bank Of Canada decreased their price objective on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, January 13th. Wells Fargo & Company dropped their price objective on SM Energy from $30.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Roth Mkm set a $28.00 target price on SM Energy in a research report on Monday, November 3rd. KeyCorp lowered their target price on SM Energy from $36.00 to $28.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, Susquehanna lowered their price objective on SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SM Energy has a consensus rating of “Hold” and an average target price of $33.20.

SM Energy Price Performance

Shares of NYSE SM opened at $21.23 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $2.43 billion, a PE ratio of 3.35 and a beta of 1.14. The stock’s 50 day moving average price is $19.05 and its 200-day moving average price is $22.26. SM Energy has a twelve month low of $17.45 and a twelve month high of $41.29.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SM. NBC Securities Inc. raised its holdings in shares of SM Energy by 160.5% during the 4th quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after buying an additional 830 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock worth $26,000 after buying an additional 1,360 shares in the last quarter. Global Retirement Partners LLC grew its position in SM Energy by 62.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after acquiring an additional 535 shares during the last quarter. First Horizon Corp purchased a new position in shares of SM Energy during the third quarter worth approximately $30,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of SM Energy in the 3rd quarter worth approximately $31,000. Institutional investors own 94.56% of the company’s stock.

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.