SM Energy (NYSE:SM) Price Target Lowered to $42.00 at Mizuho

SM Energy (NYSE:SM) had its price target cut by Mizuho from $46.00 to $42.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the energy company’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Raymond James reduced 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 note on Monday, March 10th. Susquehanna lowered their price objective on shares of SM Energy from $39.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. KeyCorp dropped their target price on SM Energy from $60.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Finally, Williams Trading set a $41.00 target price on SM Energy in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.92.

SM Energy Stock Performance

Shares of SM opened at $25.62 on Tuesday. SM Energy has a 1 year low of $19.67 and a 1 year high of $50.77. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 3.84 and a beta of 2.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The firm has a fifty day moving average of $25.48 and a 200-day moving average of $35.00.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.16. SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The company had revenue of $844.54 million during the quarter, compared to the consensus estimate of $814.62 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 50.8% compared to the same quarter last year. As a group, equities analysts anticipate that SM Energy will post 8.1 earnings per share for the current year.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 5th. Shareholders of record on Friday, April 18th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date was Thursday, April 17th. SM Energy’s payout ratio is 11.20%.

Insider Buying and Selling at SM Energy

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This trade represents a 91.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in SM Energy by 64.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock worth $183,000 after acquiring an additional 1,854 shares in the last quarter. Barclays PLC increased its holdings in shares of SM Energy by 47.3% in the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after purchasing an additional 80,343 shares during the period. Principal Financial Group Inc. lifted its position in shares of SM Energy by 4.0% in the fourth quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company’s stock worth $24,644,000 after purchasing an additional 24,701 shares in the last quarter. Intrust Bank NA acquired a new stake in shares of SM Energy during the fourth quarter worth approximately $396,000. Finally, Moody Aldrich Partners LLC grew its position in SM Energy by 31.4% during the fourth quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company’s stock valued at $5,127,000 after purchasing an additional 31,582 shares in the last quarter. Hedge funds and other institutional investors 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.