Mizuho Lowers SM Energy (NYSE:SM) Price Target to $57.00

SM Energy (NYSE:SM) had its price objective decreased by investment analysts at Mizuho from $62.00 to $57.00 in a report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the energy company’s stock. Mizuho’s price objective indicates a potential upside of 44.85% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of SM Energy from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and issued a $54.00 price target on shares of SM Energy in a research note on Tuesday, July 9th. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of SM Energy in a research report on Thursday, June 27th. Finally, Wells Fargo & Company decreased their price objective on SM Energy from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.22.

SM Energy Trading Up 0.5 %

NYSE:SM traded up $0.19 on Monday, reaching $39.35. The company’s stock had a trading volume of 39,302 shares, compared to its average volume of 1,712,808. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26. The business’s 50-day moving average price is $43.95 and its two-hundred day moving average price is $46.73. The firm has a market cap of $4.50 billion, a PE ratio of 6.19 and a beta of 4.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.28. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The business had revenue of $634.56 million for the quarter, compared to analysts’ expectations of $616.63 million. During the same quarter in the previous year, the business posted $1.28 EPS. SM Energy’s revenue for the quarter was up 15.2% on a year-over-year basis. Equities research analysts anticipate that SM Energy will post 7.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SM. Lindbrook Capital LLC lifted its stake in SM Energy by 54.9% in the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after purchasing an additional 206 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of SM Energy by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after acquiring an additional 300 shares during the period. UMB Bank n.a. increased its holdings in shares of SM Energy by 66.8% during the 1st quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after acquiring an additional 332 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in SM Energy by 63.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock valued at $38,000 after acquiring an additional 340 shares during the period. Finally, Arizona State Retirement System lifted its holdings in SM Energy by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 32,403 shares of the energy company’s stock valued at $1,401,000 after purchasing an additional 437 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.