SM Energy (NYSE:SM) Stock Rating Upgraded by TD Cowen

SM Energy (NYSE:SM) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other brokerages have also recently issued reports on SM. Weiss Ratings restated a “hold (c-)” rating on shares of SM Energy in a report on Wednesday, January 21st. KeyCorp dropped their price target on shares of SM Energy from $36.00 to $28.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Mizuho set a $34.00 price target on shares of SM Energy in a report on Friday, January 9th. Susquehanna lowered their price objective on shares of SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, January 26th. Finally, Zacks Research lowered shares of SM Energy from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.20.

SM Energy Stock Down 0.4%

SM opened at $21.15 on Monday. SM Energy has a 12 month low of $17.45 and a 12 month high of $41.29. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $19.08 and its 200-day moving average price is $22.22. The company has a market cap of $2.42 billion, a P/E ratio of 3.34 and a beta of 1.14.

Institutional Trading of SM Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CSM Advisors LLC purchased a new position in SM Energy in the second quarter worth about $4,134,000. Congress Asset Management Co. increased its position in shares of SM Energy by 19.9% during the third quarter. Congress Asset Management Co. now owns 1,212,775 shares of the energy company’s stock valued at $30,283,000 after acquiring an additional 201,704 shares in the last quarter. Prudential Financial Inc. raised its holdings in SM Energy by 33.1% in the 2nd quarter. Prudential Financial Inc. now owns 294,546 shares of the energy company’s stock worth $7,278,000 after acquiring an additional 73,240 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in SM Energy by 135.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,766 shares of the energy company’s stock worth $6,362,000 after acquiring an additional 146,444 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in SM Energy in the 2nd quarter valued at approximately $1,709,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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.