SM Energy (NYSE:SM) Downgraded by StockNews.com to “Hold”

SM Energy (NYSE:SM) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Several other analysts also recently issued reports on SM. KeyCorp lifted their price target on SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Royal Bank of Canada lifted their target price on SM Energy from $50.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, May 10th. Wells Fargo & Company boosted their target price on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Susquehanna raised their price target on shares of SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. Finally, Mizuho boosted their price objective on shares of SM Energy from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.57.

SM Energy Trading Up 1.0 %

NYSE:SM opened at $46.27 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. The business’s 50-day simple moving average is $49.18 and its 200-day simple moving average is $43.66. SM Energy has a fifty-two week low of $27.37 and a fifty-two week high of $53.26. The stock has a market capitalization of $5.32 billion, a PE ratio of 7.25 and a beta of 4.16.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The firm had revenue of $559.87 million for the quarter, compared to analyst estimates of $568.21 million. Sell-side analysts expect that SM Energy will post 6.63 earnings per share for the current fiscal year.

Insider Activity

In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the transaction, the senior vice president now owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On SM Energy

A number of institutional investors have recently made changes to their positions in the company. Register Financial Advisors LLC acquired a new position in SM Energy in the first quarter valued at about $25,000. Hexagon Capital Partners LLC raised its position in shares of SM Energy by 509.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after buying an additional 474 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of SM Energy by 54.9% during the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after acquiring an additional 206 shares during the period. Global Retirement Partners LLC boosted its position in shares of SM Energy by 665.6% during the 1st quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after acquiring an additional 599 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in SM Energy in the fourth quarter valued at approximately $41,000. Institutional investors own 94.56% of the company’s stock.

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.