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

SM Energy (NYSE:SM) had its price target reduced by Mizuho from $62.00 to $57.00 in a report issued on Monday morning, Benzinga reports. They currently have an outperform rating on the energy company’s stock.

Other analysts also recently issued 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. Stephens restated an overweight rating and issued a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Wells Fargo & Company lowered their price target on SM Energy from $50.00 to $48.00 and set an equal weight rating on the stock in a research report on Thursday, August 22nd. Royal Bank of Canada reissued a sector perform rating and issued a $54.00 price objective on shares of SM Energy in a research note on Tuesday, July 9th. Finally, Tudor Pickering raised SM Energy to a strong-buy rating in a report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $53.22.

SM Energy Stock Performance

Shares of SM stock opened at $39.82 on Monday. SM Energy has a 12-month low of $34.13 and a 12-month high of $53.26. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 6.24 and a beta of 4.18. The business has a 50 day simple moving average of $43.86 and a 200 day simple moving average of $46.71.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $634.56 million during the quarter, compared to analysts’ expectations of $616.63 million. During the same quarter in the prior year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that SM Energy will post 7.57 EPS for the current year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.81%. SM Energy’s dividend payout ratio (DPR) is 11.29%.

Institutional Trading of SM Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. acquired a new stake in SM Energy during the 4th quarter valued at $50,075,000. Jupiter Asset Management Ltd. grew its holdings in shares of SM Energy by 929.6% during the second quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company’s stock valued at $50,125,000 after buying an additional 1,046,872 shares in the last quarter. Congress Asset Management Co. MA raised its position in SM Energy by 848.7% during the fourth quarter. Congress Asset Management Co. MA now owns 877,739 shares of the energy company’s stock valued at $33,986,000 after buying an additional 785,222 shares during the period. Dimensional Fund Advisors LP raised its position in SM Energy by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after buying an additional 384,675 shares during the period. Finally, SIR Capital Management L.P. lifted its stake in SM Energy by 144.7% in the 2nd quarter. SIR Capital Management L.P. now owns 457,854 shares of the energy company’s stock worth $19,793,000 after acquiring an additional 270,754 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

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.