SM Energy (NYSE:SM) Price Target Lowered to $55.00 at Mizuho

SM Energy (NYSE:SM) had its target price decreased by Mizuho from $57.00 to $55.00 in a report released on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the energy company’s stock.

Other analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price objective on SM Energy from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. 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. Susquehanna reduced their price objective on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Truist Financial reduced their price objective on SM Energy from $46.00 to $38.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, KeyCorp reduced their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.82.

SM Energy Stock Down 2.6 %

NYSE SM opened at $39.39 on Monday. The stock’s 50-day moving average price is $43.05 and its 200-day moving average price is $43.90. 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 52 week low of $34.76 and a 52 week high of $53.26. The company has a market capitalization of $4.51 billion, a P/E ratio of 5.50 and a beta of 4.14.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $1.73 EPS. On average, equities research analysts predict that SM Energy will post 6.77 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. This is a boost from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is presently 11.17%.

Hedge Funds Weigh In On SM Energy

A number of large investors have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. raised its position in SM Energy by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock valued at $477,000 after purchasing an additional 300 shares in the last quarter. Summit Global Investments bought a new stake in SM Energy during the 2nd quarter valued at $509,000. Louisiana State Employees Retirement System raised its position in SM Energy by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 57,900 shares of the energy company’s stock valued at $2,503,000 after purchasing an additional 600 shares in the last quarter. Tributary Capital Management LLC raised its position in SM Energy by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 569,348 shares of the energy company’s stock valued at $24,613,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in SM Energy by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock valued at $57,739,000 after purchasing an additional 4,611 shares in the last quarter. Hedge funds and other 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.