SM Energy (NYSE:SM) PT Raised to $65.00

SM Energy (NYSE:SMGet Rating) had its price target upped by stock analysts at Raymond James from $57.00 to $65.00 in a report released on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Raymond James’ price target would indicate a potential upside of 82.23% from the stock’s previous close.

A number of other research firms have also recently weighed in on SM. Zacks Investment Research cut SM Energy from a “strong-buy” rating to a “hold” rating and set a $42.00 price target for the company. in a report on Tuesday, March 22nd. JPMorgan Chase & Co. reduced their target price on SM Energy from $49.00 to $47.00 in a report on Friday, January 7th. KeyCorp increased their target price on SM Energy from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 8th. StockNews.com assumed coverage on SM Energy in a report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Wells Fargo & Company increased their target price on SM Energy from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, March 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, SM Energy presently has an average rating of “Buy” and a consensus price target of $47.56.

NYSE SM opened at $35.67 on Monday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 713.54 and a beta of 5.48. SM Energy has a twelve month low of $14.79 and a twelve month high of $43.69. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $38.45 and a 200 day moving average of $34.50.

SM Energy (NYSE:SMGet Rating) last released its quarterly earnings results on Thursday, February 24th. The energy company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.32. The company had revenue of $854.90 million during the quarter, compared to analysts’ expectations of $595.23 million. SM Energy had a return on equity of 13.06% and a net margin of 1.38%. SM Energy’s quarterly revenue was up 166.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 EPS. Equities analysts predict that SM Energy will post 9.2 EPS for the current fiscal year.

In related news, SVP Mary Ellen Lutey sold 9,533 shares of the stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $39.97, for a total value of $381,034.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ramiro G. Peru sold 30,000 shares of the stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $40.60, for a total value of $1,218,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,333 shares of company stock valued at $4,511,905. Insiders own 1.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of SM. JB Investments Management LLC boosted its position in shares of SM Energy by 1.0% during the fourth quarter. JB Investments Management LLC now owns 5,053,651 shares of the energy company’s stock worth $148,982,000 after buying an additional 49,933 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of SM Energy by 32.3% during the third quarter. Goldman Sachs Group Inc. now owns 3,470,999 shares of the energy company’s stock worth $91,565,000 after buying an additional 847,599 shares during the period. Millennium Management LLC boosted its position in shares of SM Energy by 47.4% during the fourth quarter. Millennium Management LLC now owns 3,242,209 shares of the energy company’s stock worth $95,580,000 after buying an additional 1,042,180 shares during the period. Russell Investments Group Ltd. boosted its position in shares of SM Energy by 16.4% during the third quarter. Russell Investments Group Ltd. now owns 2,532,927 shares of the energy company’s stock worth $66,817,000 after buying an additional 356,505 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of SM Energy by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 2,346,440 shares of the energy company’s stock worth $69,173,000 after buying an additional 202,527 shares during the period. Institutional investors own 89.43% of the company’s stock.

SM Energy Company Profile (Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

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Analyst Recommendations for SM Energy (NYSE:SM)

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