SM Energy (NYSE:SM) Rating Increased to Strong-Buy at TD Cowen

TD Cowen upgraded shares of SM Energy (NYSE:SM) to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently commented on the company. Susquehanna reduced their target price on SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Mizuho set a $34.00 price objective on SM Energy in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, January 21st. Zacks Research lowered SM Energy from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. Finally, Roth Mkm set a $28.00 target price on shares of SM Energy in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.20.

SM Energy Price Performance

SM stock traded down $0.18 during trading on Monday, hitting $21.07. 579,602 shares of the stock traded hands, compared to its average volume of 6,282,902. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 3.33 and a beta of 1.14. SM Energy has a one year low of $17.45 and a one year high of $41.29. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $19.05 and a 200 day simple moving average of $22.26.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.8%. SM Energy’s payout ratio is 12.62%.

Hedge Funds Weigh In On SM Energy

Several institutional investors have recently modified their holdings of the stock. First Horizon Corp bought a new position in SM Energy during the 3rd quarter worth approximately $30,000. Jones Financial Companies Lllp increased its stake in SM Energy by 316.7% in the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 912 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in SM Energy in the third quarter worth $31,000. NBC Securities Inc. boosted its position in shares of SM Energy by 160.5% during the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after purchasing an additional 830 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of SM Energy by 10,461.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after buying an additional 1,360 shares during the period. 94.56% of the stock is currently owned by institutional investors and hedge funds.

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.