Mizuho Lowers SM Energy (NYSE:SM) Price Target to $55.00

SM Energy (NYSE:SM) had its price target reduced by investment analysts at Mizuho from $57.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the energy company’s stock. Mizuho’s target price suggests a potential upside of 39.03% from the stock’s previous close.

A number of other equities analysts have also recently commented on SM. Tudor, Pickering, Holt & Co. raised SM Energy from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Tudor Pickering raised shares of SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. KeyCorp decreased their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. Finally, Stephens raised their target price on shares of SM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.82.

SM Energy Price Performance

SM traded down $0.87 on Monday, hitting $39.56. 225,624 shares of the stock were exchanged, compared to its average volume of 1,665,418. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 5.50 and a beta of 4.14. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. SM Energy has a 12 month low of $34.76 and a 12 month high of $53.26. The business has a 50-day moving average of $43.18 and a two-hundred day moving average of $43.97.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. During the same quarter last year, the business posted $1.73 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts forecast that SM Energy will post 6.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Plato Investment Management Ltd boosted its holdings in shares of SM Energy by 461.9% during the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after buying an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of SM Energy during the third quarter worth about $30,000. Blue Trust Inc. raised its stake in shares of SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after purchasing an additional 996 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in SM Energy in the 3rd quarter valued at $55,000. Finally, International Assets Investment Management LLC raised its holdings in shares of SM Energy by 3,897.2% in the third quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after purchasing an additional 1,403 shares during the last quarter. Institutional investors and hedge funds 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.