SM Energy (NYSE:SM) PT Raised to $51.00 at Susquehanna

SM Energy (NYSE:SM) had its target price boosted by Susquehanna from $42.00 to $51.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the energy company’s stock.

Several other research firms have also commented on SM. Wells Fargo & Company boosted their price target on SM Energy from $45.00 to $51.00 and gave the stock an equal weight rating in a research report on Thursday, April 18th. Royal Bank of Canada reaffirmed a sector perform rating and issued a $45.00 target price on shares of SM Energy in a research report on Monday, February 5th. Seaport Res Ptn raised SM Energy from a neutral rating to a buy rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. upped their target price on SM Energy from $49.00 to $54.00 and gave the company an overweight rating in a research report on Tuesday, April 9th. Finally, Raymond James cut their target price on SM Energy from $53.00 to $45.00 and set an outperform rating on the stock in a research report on Monday, January 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy currently has a consensus rating of Moderate Buy and an average target price of $52.57.

SM Energy Stock Performance

SM Energy stock opened at $50.44 on Monday. The stock’s 50 day moving average price is $47.14 and its 200 day moving average price is $41.26. The firm has a market capitalization of $5.84 billion, a PE ratio of 7.34 and a beta of 4.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. SM Energy has a one year low of $25.03 and a one year high of $53.26.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.39 by $0.17. The firm had revenue of $608.73 million for the quarter, compared to analyst estimates of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. SM Energy’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. As a group, sell-side analysts expect that SM Energy will post 6.33 EPS for the current fiscal year.

SM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.18 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.43%. SM Energy’s dividend payout ratio (DPR) is 10.48%.

Institutional Investors Weigh In On SM Energy

A number of institutional investors have recently made changes to their positions in SM. Register Financial Advisors LLC bought a new stake in shares of SM Energy in the 1st quarter valued at approximately $25,000. Hexagon Capital Partners LLC increased its holdings in shares of SM Energy by 509.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after acquiring an additional 474 shares during the last quarter. Lindbrook Capital LLC increased its holdings in shares of SM Energy by 54.9% in the 1st 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 last quarter. BluePath Capital Management LLC bought a new position in SM Energy during the 3rd quarter worth $32,000. Finally, Global Retirement Partners LLC grew its stake in 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 buying an additional 599 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors.

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.