Analysts Set SM Energy Company (NYSE:SM) Target Price at $33.20

SM Energy Company (NYSE:SM) has been assigned an average rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $32.20.

Several research firms have recently issued reports on SM. Royal Bank Of Canada lowered their price objective on SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 13th. Stephens increased their target price on shares of SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday. Siebert Williams Shank downgraded shares of SM Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Zacks Research upgraded SM Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SM Energy in a research note on Wednesday, January 21st.

SM Energy Price Performance

SM stock opened at $23.63 on Tuesday. The company has a fifty day simple moving average of $19.44 and a two-hundred day simple moving average of $21.95. SM Energy has a 52 week low of $17.45 and a 52 week high of $37.11. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $2.71 billion, a P/E ratio of 3.73 and a beta of 1.14.

SM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.80 dividend on an annualized basis and a yield of 3.4%. SM Energy’s dividend payout ratio is 12.62%.

Institutional Investors Weigh In On SM Energy

Several large investors have recently modified their holdings of the business. Summit Global Investments increased its holdings in SM Energy by 1.1% during the fourth quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock valued at $868,000 after buying an additional 489 shares during the period. State of Tennessee Department of Treasury boosted its position in SM Energy by 174.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 75,969 shares of the energy company’s stock valued at $1,479,000 after acquiring an additional 48,270 shares in the last quarter. CacheTech Inc. increased its holdings in shares of SM Energy by 51.0% in the 4th quarter. CacheTech Inc. now owns 156,553 shares of the energy company’s stock valued at $2,927,000 after acquiring an additional 52,877 shares during the period. Empowered Funds LLC raised its holdings in SM Energy by 212.5% in the fourth quarter. Empowered Funds LLC now owns 125,993 shares of the energy company’s stock worth $2,356,000 after purchasing an additional 85,674 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of SM Energy by 76.6% in the 4th quarter. XTX Topco Ltd now owns 64,010 shares of the energy company’s stock worth $1,197,000 after buying an additional 27,758 shares during the last quarter. Institutional investors own 94.56% of the company’s stock.

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.