SM Energy (NYSE:SM) Price Target Lowered to $39.00 at Mizuho

SM Energy (NYSE:SM) had its price target reduced by Mizuho from $44.00 to $39.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the energy company’s stock.

Several other brokerages have also recently commented on SM. TD Cowen upgraded shares of SM Energy to a “strong-buy” rating in a report on Monday, July 7th. Susquehanna raised their target price on shares of SM Energy from $24.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Raymond James Financial cut shares of SM Energy from an “outperform” rating to an “underperform” rating in a report on Tuesday, June 24th. Finally, Wells Fargo & Company decreased their target price on shares of SM Energy from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $42.08.

SM Energy Stock Performance

Shares of SM opened at $26.09 on Monday. The firm’s 50 day moving average is $27.16 and its 200-day moving average is $26.08. The stock has a market capitalization of $3.00 billion, a P/E ratio of 3.68 and a beta of 2.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. SM Energy has a 12-month low of $19.67 and a 12-month high of $46.42.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, July 31st. The energy company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.23 by $0.27. SM Energy had a net margin of 25.94% and a return on equity of 18.06%. The company had revenue of $792.94 million during the quarter, compared to analysts’ expectations of $792.58 million. During the same period last year, the company posted $1.85 earnings per share. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 4th. Investors of record on Friday, July 18th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, July 18th. SM Energy’s dividend payout ratio (DPR) is currently 11.30%.

Institutional Trading of SM Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its stake in SM Energy by 6.4% in the fourth quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company’s stock valued at $260,000 after acquiring an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in SM Energy by 69.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,017 shares of the energy company’s stock valued at $30,000 after acquiring an additional 417 shares during the last quarter. Diversified Trust Co lifted its stake in SM Energy by 1.8% in the second quarter. Diversified Trust Co now owns 29,209 shares of the energy company’s stock valued at $722,000 after acquiring an additional 505 shares during the last quarter. Xponance Inc. lifted its stake in SM Energy by 6.3% in the first quarter. Xponance Inc. now owns 8,688 shares of the energy company’s stock valued at $260,000 after acquiring an additional 516 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in SM Energy by 2.5% in the first quarter. Janney Montgomery Scott LLC now owns 21,258 shares of the energy company’s stock valued at $637,000 after acquiring an additional 518 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

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.