SM Energy Company (NYSE:SM) Receives $35.91 Average Target Price from Analysts

Shares of SM Energy Company (NYSE:SM) have earned a consensus rating of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $35.9091.

SM has been the subject of several analyst reports. Mizuho set a $38.00 target price on shares of SM Energy in a research note on Friday, October 10th. Zacks Research upgraded shares of SM Energy from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Royal Bank Of Canada upped their price objective on shares of SM Energy from $34.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Roth Capital set a $28.00 target price on SM Energy in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, October 8th.

Institutional Trading of SM Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CSM Advisors LLC acquired a new position in SM Energy during the 2nd quarter valued at approximately $4,134,000. Prudential Financial Inc. increased its position in SM Energy by 33.1% in the second quarter. Prudential Financial Inc. now owns 294,546 shares of the energy company’s stock worth $7,278,000 after buying an additional 73,240 shares during the period. Congress Asset Management Co. lifted its stake in SM Energy by 19.9% in the third quarter. Congress Asset Management Co. now owns 1,212,775 shares of the energy company’s stock valued at $30,283,000 after buying an additional 201,704 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in SM Energy in the second quarter valued at $1,709,000. Finally, Creative Planning boosted its holdings in shares of SM Energy by 33.3% during the second quarter. Creative Planning now owns 81,990 shares of the energy company’s stock valued at $2,026,000 after acquiring an additional 20,497 shares during the period. Institutional investors own 94.56% of the company’s stock.

SM Energy Price Performance

SM stock opened at $19.13 on Monday. The firm has a market cap of $2.19 billion, a P/E ratio of 3.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.56 and a current ratio of 0.56. SM Energy has a 1 year low of $17.58 and a 1 year high of $44.95. The stock has a 50-day simple moving average of $19.15 and a 200-day simple moving average of $23.65.

SM Energy (NYSE:SM) last released its quarterly earnings results on Monday, November 3rd. The energy company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.The firm had revenue of $811.59 million during the quarter, compared to analysts’ expectations of $838.24 million. During the same quarter in the prior year, the business earned $1.62 EPS. SM Energy’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, equities analysts predict that SM Energy will post 8.1 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, December 26th. SM Energy’s dividend payout ratio is presently 12.62%.

About SM Energy

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.