SM Energy (NYSE:SM) Price Target Lowered to $33.00 at Wells Fargo & Company

SM Energy (NYSE:SM) had its price target decreased by Wells Fargo & Company from $45.00 to $33.00 in a research report released on Tuesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the energy company’s stock.

A number of other brokerages also recently issued reports on SM. Truist Financial boosted their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Raymond James dropped their price target on shares of SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. decreased their price objective on shares of SM Energy from $54.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Williams Trading set a $41.00 target price on shares of SM Energy in a report on Wednesday, March 5th. Finally, StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

SM Energy Stock Down 3.9 %

SM opened at $30.57 on Tuesday. The firm’s 50 day simple moving average is $35.51 and its two-hundred day simple moving average is $39.60. The company has a market capitalization of $3.50 billion, a PE ratio of 4.58 and a beta of 4.14. SM Energy has a 1-year low of $26.66 and a 1-year high of $53.26. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). The company had revenue of $852.22 million during the quarter, compared to analysts’ expectations of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. As a group, equities analysts forecast that SM Energy will post 8.1 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.98%.

Insider Buying and Selling

In other SM Energy news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $32.36 per share, with a total value of $226,520.00. Following the acquisition, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On SM Energy

Large investors have recently added to or reduced their stakes in the stock. Gallacher Capital Management LLC increased its position in SM Energy by 4.5% during the fourth quarter. Gallacher Capital Management LLC now owns 8,206 shares of the energy company’s stock valued at $318,000 after acquiring an additional 350 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of SM Energy by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,970 shares of the energy company’s stock worth $464,000 after purchasing an additional 379 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of SM Energy by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 97,800 shares of the energy company’s stock worth $3,791,000 after purchasing an additional 400 shares during the period. Quantinno Capital Management LP grew its holdings in SM Energy by 6.4% during the 4th quarter. Quantinno Capital Management LP now owns 6,718 shares of the energy company’s stock valued at $260,000 after purchasing an additional 402 shares during the last quarter. Finally, National Bank of Canada FI raised its position in SM Energy by 7.6% in the 4th quarter. National Bank of Canada FI now owns 6,975 shares of the energy company’s stock worth $270,000 after purchasing an additional 492 shares during the period. 94.56% of the stock is 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.