SM Energy (NYSE:SM) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of SM Energy (NYSE:SM) have been given an average rating of “Moderate Buy” by the fourteen research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $50.64.

SM has been the topic of a number of recent analyst reports. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Wells Fargo & Company cut their price target on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Truist Financial lowered their price objective on shares of SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $50.00 target price on shares of SM Energy in a research note on Tuesday, October 8th. Finally, BMO Capital Markets decreased their price target on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SM. CWM LLC raised its position in SM Energy by 11.4% in the 3rd quarter. CWM LLC now owns 2,853 shares of the energy company’s stock valued at $114,000 after purchasing an additional 293 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of SM Energy by 2.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock valued at $477,000 after buying an additional 300 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in SM Energy by 7.0% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,843 shares of the energy company’s stock worth $234,000 after buying an additional 380 shares in the last quarter. Arizona State Retirement System grew 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 worth $1,401,000 after acquiring an additional 437 shares during the last quarter. Finally, KBC Group NV increased its position in SM Energy by 16.7% in the 3rd quarter. KBC Group NV now owns 3,321 shares of the energy company’s stock valued at $133,000 after acquiring an additional 476 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Stock Up 1.0 %

SM opened at $37.54 on Thursday. SM Energy has a twelve month low of $34.76 and a twelve month high of $53.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The business has a 50 day moving average price of $42.11 and a 200 day moving average price of $43.43. The firm has a market cap of $4.30 billion, a P/E ratio of 5.24 and a beta of 4.15.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The business had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. SM Energy’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.73 EPS. Research analysts forecast that SM Energy will post 6.77 EPS for the current year.

SM Energy Company Profile

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.