SM Energy (NYSE:SM) Receives $51.40 Average PT from Analysts

SM Energy (NYSE:SM) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $51.40.

A number of equities research analysts have issued reports on SM shares. BMO Capital Markets cut their price objective on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Mizuho decreased their price target on shares of SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Tudor, Pickering, Holt & Co. upgraded SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Truist Financial decreased their target price on SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. raised their price target on SM Energy from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday.

Institutional Trading of SM Energy

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in SM Energy by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after buying an additional 384,675 shares in the last quarter. American Century Companies Inc. raised its stake in shares of SM Energy by 1.2% during the second quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company’s stock valued at $102,072,000 after acquiring an additional 28,005 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of SM Energy by 10.2% in the second quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock valued at $73,920,000 after purchasing an additional 157,923 shares during the period. Bank of New York Mellon Corp grew its stake in SM Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock worth $57,739,000 after purchasing an additional 4,611 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in SM Energy by 929.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company’s stock valued at $50,125,000 after purchasing an additional 1,046,872 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Stock Up 0.5 %

SM opened at $44.38 on Friday. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 6.96 and a beta of 4.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s fifty day moving average is $42.64 and its 200 day moving average is $46.23. SM Energy has a fifty-two week low of $34.13 and a fifty-two week high of $53.26.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.57 by $0.28. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The business had revenue of $634.56 million for the quarter, compared to the consensus estimate of $616.63 million. During the same period in the previous year, the business earned $1.28 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts forecast that SM Energy will post 7.08 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 25th will be paid a $0.20 dividend. The ex-dividend date is Friday, October 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.80%. This is an increase from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio is currently 12.54%.

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.