SM Energy (NYSE:SM) PT Lowered to $46.00

SM Energy (NYSE:SM) had its target price lowered by research analysts at Truist Financial from $49.00 to $46.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the energy company’s stock. Truist Financial’s price objective would indicate a potential upside of 2.18% from the company’s previous close.

Other analysts have also recently issued reports about the company. Susquehanna increased their price objective on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. StockNews.com downgraded SM Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Wells Fargo & Company upped their target price on shares of SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 18th. 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. Finally, Mizuho increased their price objective on shares of SM Energy from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $54.56.

SM Energy Price Performance

Shares of SM opened at $45.02 on Monday. The firm has a 50-day simple moving average of $47.00 and a two-hundred day simple moving average of $45.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26. The stock has a market cap of $5.18 billion, a PE ratio of 7.06 and a beta of 4.20.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. The company had revenue of $559.87 million for the quarter, compared to analysts’ expectations of $568.21 million. As a group, analysts forecast that SM Energy will post 7.3 EPS for the current year.

Insider Activity at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of SM Energy stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the sale, the senior vice president now owns 114,495 shares in the company, valued at $5,756,808.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SM Energy

A number of institutional investors have recently added to or reduced their stakes in SM. Register Financial Advisors LLC acquired a new stake in shares of SM Energy in the 1st quarter valued at approximately $25,000. Hexagon Capital Partners LLC raised its position in SM Energy by 509.7% in the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after acquiring an additional 474 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in SM Energy by 54.9% in the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after acquiring an additional 206 shares during the period. Global Retirement Partners LLC boosted its position in shares of SM Energy by 665.6% during the 1st quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after purchasing an additional 599 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of SM Energy by 66.8% during the 1st quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

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.