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

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

A number of brokerages have weighed in on SM. National Bank Financial set a $30.00 target price on shares of SM Energy in a research report on Tuesday, March 17th. Zacks Research lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Roth Mkm upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $32.00 in a research report on Monday, June 22nd. Susquehanna increased their target price on shares of SM Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets increased their price target on shares of SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd.

SM Energy Price Performance

Shares of NYSE:SM opened at $26.30 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $6.30 billion, a PE ratio of 11.05 and a beta of 0.72. SM Energy has a twelve month low of $17.45 and a twelve month high of $35.88. The company has a 50-day moving average price of $30.36 and a two-hundred day moving average price of $25.46.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The company’s quarterly revenue was up 75.0% on a year-over-year basis. During the same quarter last year, the business earned $1.76 earnings per share. Equities analysts forecast that SM Energy will post 7.3 EPS for the current year.

SM Energy Announces Dividend

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

Insider Activity

In other 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 approximately $2,241,456.72. This represents a 27.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On SM Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Summit Global Investments lifted its holdings in shares of SM Energy by 1.1% in the fourth quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after buying an additional 489 shares in the last quarter. State of Wyoming lifted its holdings in shares of SM Energy by 22.2% in the fourth quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock worth $51,000 after buying an additional 499 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after buying an additional 535 shares in the last quarter. First Horizon Corp lifted its holdings in shares of SM Energy by 57.4% in the fourth quarter. First Horizon Corp now owns 1,860 shares of the energy company’s stock worth $35,000 after buying an additional 678 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of SM Energy by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 22,211 shares of the energy company’s stock worth $415,000 after buying an additional 687 shares in the last quarter. 94.56% of the stock is owned by hedge funds and other 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.