BMO Capital Markets Issues Positive Forecast for SM Energy (NYSE:SM) Stock Price

SM Energy (NYSE:SM) had its price objective raised by BMO Capital Markets from $26.00 to $33.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the energy company’s stock.

Several other research firms also recently issued reports on SM. Wells Fargo & Company raised their price target on shares of SM Energy from $20.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Royal Bank Of Canada decreased their price objective on SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, January 13th. National Bank Financial set a $30.00 target price on SM Energy in a research report on Tuesday, March 17th. Weiss Ratings raised SM Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, March 17th. Finally, Roth Mkm reiterated a “buy” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.62.

SM Energy Stock Performance

Shares of SM stock opened at $30.64 on Thursday. The firm has a market capitalization of $7.30 billion, a price-to-earnings ratio of 5.42 and a beta of 0.78. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $24.35 and its 200-day moving average price is $21.98. SM Energy has a 12 month low of $17.45 and a 12 month high of $33.25.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The business had revenue of $704.92 million during the quarter, compared to analyst estimates of $764.40 million. During the same quarter last year, the business earned $1.91 EPS. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. Equities research analysts forecast that SM Energy will post 8.1 EPS for the current year.

SM Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.9%. This is a boost from SM Energy’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, March 9th. SM Energy’s dividend payout ratio is currently 15.58%.

Hedge Funds Weigh In On SM Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in SM Energy by 145.9% during the fourth quarter. Hsbc Holdings PLC now owns 202,977 shares of the energy company’s stock valued at $3,788,000 after acquiring an additional 120,443 shares during the last quarter. Fearnley Asset Management AS acquired a new stake in SM Energy during the 4th quarter worth about $16,379,000. Sankala Group LLC bought a new position in shares of SM Energy in the 4th quarter worth about $56,000. DGS Capital Management LLC bought a new position in shares of SM Energy in the 4th quarter worth about $203,000. Finally, Virtu Financial LLC lifted its stake in shares of SM Energy by 31.7% in the 4th quarter. Virtu Financial LLC now owns 14,421 shares of the energy company’s stock valued at $270,000 after purchasing an additional 3,475 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

Key SM Energy News

Here are the key news stories impacting SM Energy this week:

• Positive Sentiment: KeyBanc raised its price target to $39 (from $29) and kept an Overweight rating, saying it is resetting its oil price deck after Q1 and views the recent crude/equity selloff as a buying opportunity — a bullish analyst endorsement that supports further upside in SM. Wall Street Upgrades SM Energy
• Positive Sentiment: SM completed its cash tender offer to repurchase up to $1.0B of 8.375% senior notes (assumed in the Civitas merger), retiring high‑coupon paper — this reduces interest expense and refinancing risk, improving near‑term cash flow and credit profile. Tender Offer Final Results
• Neutral Sentiment: BMO Capital Markets raised its price target to $33 from $26 but maintained a Market Perform rating — a higher target is supportive, though the neutral rating signals limited conviction compared with KeyBanc’s Overweight stance. BMO Price Target Raise

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.