Analysts Set SM Energy (NYSE:SM) PT at $47.56

Shares of SM Energy (NYSE:SMGet Rating) have been assigned an average recommendation of “Buy” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $47.56.

SM has been the subject of several research reports. Raymond James upped their target price on SM Energy from $57.00 to $65.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. StockNews.com initiated coverage on SM Energy in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Barclays upped their target price on SM Energy from $23.00 to $39.00 in a research note on Friday, March 18th. Wells Fargo & Company boosted their price objective on SM Energy from $43.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday, March 14th. Finally, Zacks Investment Research downgraded SM Energy from a “strong-buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a research report on Tuesday, March 22nd.

In related news, SVP Mary Ellen Lutey sold 9,999 shares of the company’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $39.22, for a total transaction of $392,160.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP David J. Whitcomb sold 44,771 shares of the company’s stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $41.79, for a total value of $1,870,980.09. Following the transaction, the vice president now owns 39,925 shares of the company’s stock, valued at approximately $1,668,465.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,333 shares of company stock valued at $4,511,905. 1.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SM. Bellwether Advisors LLC purchased a new stake in SM Energy in the fourth quarter worth about $32,000. Byrne Asset Management LLC purchased a new position in shares of SM Energy during the first quarter valued at approximately $51,000. Newbridge Financial Services Group Inc. purchased a new position in shares of SM Energy during the fourth quarter valued at approximately $44,000. US Asset Management LLC purchased a new position in shares of SM Energy during the first quarter valued at approximately $99,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of SM Energy during the first quarter valued at approximately $112,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Shares of NYSE SM opened at $36.31 on Friday. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 13.81 and a beta of 5.18. The business has a 50-day moving average of $38.31 and a 200-day moving average of $35.04. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. SM Energy has a 12 month low of $14.79 and a 12 month high of $43.69.

SM Energy (NYSE:SMGet Rating) last issued its earnings results on Thursday, April 28th. The energy company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). The firm had revenue of $859.78 million during the quarter, compared to analysts’ expectations of $765.23 million. SM Energy had a return on equity of 26.11% and a net margin of 11.07%. The firm’s quarterly revenue was up 93.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. On average, analysts predict that SM Energy will post 8.41 earnings per share for the current year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 22nd were given a $0.01 dividend. The ex-dividend date was Thursday, April 21st. This represents a yield of 0.1%. SM Energy’s payout ratio is currently 0.76%.

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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