SM Energy (NYSE:SM) Receives $51.20 Consensus Price Target from Analysts

Shares of SM Energy (NYSE:SM) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $51.90.

Several analysts recently weighed in on SM shares. Stephens reissued an “overweight” rating and set a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and lowered their price target for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Wells Fargo & Company dropped their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Royal Bank of Canada restated a “sector perform” rating and set a $50.00 target price on shares of SM Energy in a research report on Tuesday, October 8th. Finally, Mizuho dropped their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th.

Institutional Investors Weigh In On SM Energy

A number of institutional investors have recently made changes to their positions in SM. Nisa Investment Advisors LLC raised its position in shares of SM Energy by 1.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 84,538 shares of the energy company’s stock worth $3,277,000 after acquiring an additional 1,076 shares in the last quarter. Diversify Advisory Services LLC boosted its stake in SM Energy by 3.3% during the fourth quarter. Diversify Advisory Services LLC now owns 349,268 shares of the energy company’s stock worth $13,538,000 after acquiring an additional 11,191 shares in the last quarter. Heritage Family Offices LLP boosted its stake in SM Energy by 13.2% during the fourth quarter. Heritage Family Offices LLP now owns 6,237 shares of the energy company’s stock worth $242,000 after acquiring an additional 726 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in SM Energy in the fourth quarter worth $1,051,000. Finally, Park Avenue Securities LLC increased its stake in SM Energy by 22.8% in the fourth quarter. Park Avenue Securities LLC now owns 11,049 shares of the energy company’s stock valued at $428,000 after purchasing an additional 2,054 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Down 2.0 %

SM stock opened at $43.24 on Monday. SM Energy has a 1-year low of $34.90 and a 1-year high of $53.26. The business’s 50 day simple moving average is $41.79 and its 200 day simple moving average is $42.75. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $4.95 billion, a PE ratio of 6.04 and a beta of 4.14.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. SM Energy’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 EPS. As a group, research analysts anticipate that SM Energy will post 6.8 EPS for the current year.

SM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.20 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.85%. SM Energy’s dividend payout ratio is 11.17%.

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.