Mizuho Trims SM Energy (NYSE:SM) Target Price to $37.00

SM Energy (NYSE:SM – Get Rating) had its price target cut by Mizuho from $51.00 to $37.00 in a report issued on Friday, The Fly reports.

Several other equities research analysts have also issued reports on SM. TD Cowen lowered shares of SM Energy from an outperform rating to a market perform rating and set a $35.00 target price for the company. in a report on Wednesday, March 1st. Cowen downgraded shares of SM Energy from an outperform rating to a market perform rating and set a $35.00 price objective on the stock. in a research report on Wednesday, March 1st. Cowen downgraded shares of SM Energy from an outperform rating to a market perform rating and set a $35.00 target price on the stock. in a research report on Wednesday, March 1st. KeyCorp decreased their price objective on shares of SM Energy from $64.00 to $56.00 and set an overweight rating for the company in a research note on Thursday, December 8th. Finally, Raymond James decreased their price objective on shares of SM Energy from $55.00 to $45.00 and set an outperform rating for the company in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $43.08.

SM Energy Price Performance

Shares of SM opened at $28.79 on Friday. The stock has a market cap of $3.51 billion, a PE ratio of 3.22 and a beta of 4.42. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.23 and a current ratio of 1.23. SM Energy has a fifty-two week low of $27.92 and a fifty-two week high of $54.97. The firm’s 50-day simple moving average is $31.67 and its two-hundred day simple moving average is $38.17.

SM Energy (NYSE:SM – Get Rating) last issued its quarterly earnings data on Wednesday, February 22nd. The energy company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. SM Energy had a net margin of 33.11% and a return on equity of 34.40%. The company had revenue of $671.32 million for the quarter, compared to the consensus estimate of $614.72 million. During the same quarter in the prior year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was down 21.5% compared to the same quarter last year. Analysts anticipate that SM Energy will post 6.03 earnings per share for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Monday, February 6th. Investors of record on Friday, January 20th were issued a dividend of $0.15 per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, January 19th. SM Energy’s dividend payout ratio is presently 3.35%.

Insider Buying and Selling

In related news, CEO Herbert S. Vogel purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was purchased at an average cost of $29.48 per share, with a total value of $29,480.00. Following the completion of the acquisition, the chief executive officer now directly owns 404,063 shares in the company, valued at $11,911,777.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On SM Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in SM Energy by 3.4% in the third quarter. BlackRock Inc. now owns 20,286,857 shares of the energy company’s stock valued at $762,988,000 after acquiring an additional 676,547 shares during the period. Vanguard Group Inc. lifted its holdings in SM Energy by 1.5% in the third quarter. Vanguard Group Inc. now owns 15,111,503 shares of the energy company’s stock valued at $568,344,000 after acquiring an additional 224,029 shares during the period. State Street Corp lifted its holdings in SM Energy by 13.7% in the first quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock valued at $272,755,000 after acquiring an additional 842,589 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of SM Energy by 35.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,249,967 shares of the energy company’s stock worth $126,586,000 after buying an additional 849,019 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of SM Energy by 5.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,607,292 shares of the energy company’s stock worth $90,813,000 after buying an additional 145,099 shares during the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

SM Energy Company Profile

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SM Energy Co is an independent energy company, which engages in the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids. Its operations are located in Midland Basin and South Texas. The company was founded in 1908 and is headquartered in Denver, CO.