SM Energy (NYSE:SM) Given New $45.00 Price Target at Truist Financial

SM Energy (NYSE:SM) had its target price hoisted by Truist Financial from $42.00 to $45.00 in a report issued on Monday,Benzinga reports. Truist Financial currently has a hold rating on the energy company’s stock.

Several other research analysts have also recently issued reports on SM. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. KeyCorp reduced their target price on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Wells Fargo & Company cut their price target on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $64.00 to $60.00 in a research note on Tuesday, October 15th. Finally, Susquehanna decreased their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy Stock Up 0.8 %

NYSE SM opened at $43.68 on Monday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a fifty-two week low of $34.76 and a fifty-two week high of $53.26. The business has a 50 day moving average price of $41.70 and a two-hundred day moving average price of $42.75. The stock has a market cap of $5.00 billion, a PE ratio of 6.10 and a beta of 4.14.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 EPS. As a group, sell-side analysts predict that SM Energy will post 6.77 EPS for the current fiscal year.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.17%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SM. Barclays PLC increased its holdings in SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock worth $10,002,000 after purchasing an additional 80,343 shares in the last quarter. National Bank of Canada FI bought a new position in SM Energy in the 3rd quarter valued at about $259,000. Los Angeles Capital Management LLC lifted its position in shares of SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after purchasing an additional 28,920 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of SM Energy in the 3rd quarter worth approximately $3,048,000. Finally, Janney Montgomery Scott LLC lifted its position in SM Energy by 144.6% during the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock valued at $894,000 after purchasing an additional 13,215 shares in the last quarter. 94.56% of the stock is currently owned by institutional investors.

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.