SM Energy (NYSE:SM) PT Raised to $62.00

SM Energy (NYSE:SM) had its price objective boosted by equities research analysts at KeyCorp from $51.00 to $62.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target indicates a potential upside of 22.22% from the stock’s current price.

A number of other brokerages also recently weighed in on SM. Mizuho boosted their price target on SM Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Raymond James decreased their target price on SM Energy from $53.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, January 8th. JPMorgan Chase & Co. upped their target price on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Susquehanna upped their target price on SM Energy from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. Finally, Seaport Res Ptn raised SM Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.29.

SM Energy Stock Performance

SM opened at $50.73 on Friday. SM Energy has a 52-week low of $25.03 and a 52-week high of $53.26. The firm has a market capitalization of $5.87 billion, a PE ratio of 7.38 and a beta of 4.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. The business’s 50-day simple moving average is $44.93 and its 200 day simple moving average is $40.57.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. The firm had revenue of $608.73 million for the quarter, compared to the consensus estimate of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. The business’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.29 earnings per share. As a group, sell-side analysts expect that SM Energy will post 6.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SM Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in SM. First Horizon Advisors Inc. bought a new stake in SM Energy during the first quarter worth $25,000. Penserra Capital Management LLC acquired a new stake in SM Energy in the third quarter valued at $28,000. IFP Advisors Inc grew its holdings in SM Energy by 561.7% during the 2nd quarter. IFP Advisors Inc now owns 880 shares of the energy company’s stock worth $28,000 after acquiring an additional 747 shares during the period. BluePath Capital Management LLC acquired a new stake in SM Energy during the 3rd quarter worth about $32,000. Finally, Nomura Asset Management Co. Ltd. grew its holdings in SM Energy by 59.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock worth $39,000 after acquiring an additional 370 shares during the period. 94.56% of the stock is currently owned by institutional investors.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.