SM Energy (NYSE:SM) Receives $50.67 Consensus Target Price from Analysts

SM Energy (NYSE:SMGet Rating) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $48.88.

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of SM Energy from $40.00 to $55.00 and gave the company an “underweight” rating in a report on Tuesday, June 14th. KeyCorp upped their price objective on shares of SM Energy from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 8th. Raymond James reiterated a “maintains” rating on shares of SM Energy in a report on Tuesday, July 26th. Finally, MKM Partners reiterated a “buy” rating and issued a $54.00 price objective on shares of SM Energy in a report on Wednesday, July 20th.

SM Energy Stock Performance

NYSE SM opened at $41.28 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. The firm’s fifty day moving average price is $40.30 and its two-hundred day moving average price is $38.11. SM Energy has a 1 year low of $14.79 and a 1 year high of $54.97. The firm has a market capitalization of $5.03 billion, a P/E ratio of 15.70 and a beta of 5.09.

SM Energy (NYSE:SMGet Rating) last posted its quarterly 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). SM Energy had a return on equity of 26.11% and a net margin of 11.07%. The firm had revenue of $859.78 million for the quarter, compared to the consensus estimate of $765.23 million. During the same period last year, the company posted ($0.05) earnings per share. The business’s revenue was up 93.7% compared to the same quarter last year. As a group, research analysts anticipate that SM Energy will post 8.42 EPS for the current year.

Insider Activity at SM Energy

In other SM Energy news, EVP David W. Copeland sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the sale, the executive vice president now directly owns 188,722 shares in the company, valued at $9,668,228.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other SM Energy news, EVP David W. Copeland sold 5,000 shares of the stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the sale, the executive vice president now directly owns 188,722 shares in the company, valued at $9,668,228.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David W. Copeland sold 20,000 shares of the stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $43.00, for a total transaction of $860,000.00. Following the sale, the executive vice president now owns 213,722 shares in the company, valued at $9,190,046. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pinnacle Wealth Planning Services Inc. bought a new position in shares of SM Energy in the first quarter worth about $238,000. Comerica Bank raised its holdings in SM Energy by 4.3% in the 1st quarter. Comerica Bank now owns 134,935 shares of the energy company’s stock valued at $5,438,000 after buying an additional 5,508 shares during the last quarter. New York State Teachers Retirement System raised its holdings in SM Energy by 8.5% in the 1st quarter. New York State Teachers Retirement System now owns 179,707 shares of the energy company’s stock valued at $7,000,000 after buying an additional 14,064 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in SM Energy in the 4th quarter valued at approximately $323,000. Finally, Natixis Advisors L.P. raised its holdings in SM Energy by 7.6% in the 4th quarter. Natixis Advisors L.P. now owns 15,877 shares of the energy company’s stock valued at $468,000 after buying an additional 1,125 shares during the last quarter. Institutional investors own 86.45% 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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