Weekly Analysts’ Ratings Changes for SM Energy (SM)

A number of research firms have changed their ratings and price targets for SM Energy (NYSE: SM):

• 5/18/2026 – SM Energy had its price target raised by Wells Fargo & Company from $29.00 to $32.00. They now have an “equal weight” rating on the stock.
• 5/14/2026 – SM Energy was upgraded by Siebert Williams Shank from “hold” to “buy”. They now have a $41.00 price target on the stock, up from $30.00.
• 5/12/2026 – SM Energy had its price target raised by Truist Financial Corporation from $38.00 to $39.00. They now have a “buy” rating on the stock.
• 5/11/2026 – SM Energy had its price target raised by Susquehanna from $30.00 to $31.00. They now have a “neutral” rating on the stock.
• 5/9/2026 – SM Energy was upgraded by Wall Street Zen from “hold” to “buy”.
• 4/21/2026 – SM Energy had its price target raised by Wells Fargo & Company from $25.00 to $29.00. They now have an “equal weight” rating on the stock.
• 4/8/2026 – SM Energy had its “neutral” rating reaffirmed by Roth Mkm. They now have a $33.00 price target on the stock, up from $24.00.
• 4/7/2026 – SM Energy was upgraded by Zacks Research from “hold” to “strong-buy”.
• 4/2/2026 – SM Energy had its price target raised by BMO Capital Markets from $26.00 to $33.00. They now have a “market perform” rating on the stock.
• 4/2/2026 – SM Energy had its price target raised by KeyCorp from $29.00 to $39.00. They now have an “overweight” rating on the stock.
• 3/24/2026 – SM Energy is now covered by Truist Financial Corporation. They set a “buy” rating and a $38.00 price target on the stock.
• 3/23/2026 – SM Energy was upgraded by Truist Financial Corporation to “strong-buy”.
• 3/20/2026 – SM Energy was upgraded by JPMorgan Chase & Co. from “neutral” to “overweight”. They now have a $40.00 price target on the stock.

SM Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were issued a dividend of $0.22 per share. This is a positive change from SM Energy’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 2.6%. SM Energy’s payout ratio is currently 36.97%.

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.