KeyCorp Boosts SM Energy (NYSE:SM) Price Target to $39.00

SM Energy (NYSE:SM) had its target price lifted by research analysts at KeyCorp from $29.00 to $39.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price target would suggest a potential upside of 31.87% from the company’s previous close.

A number of other analysts have also recently weighed in on SM. Royal Bank Of Canada dropped their target price on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 13th. Susquehanna reduced their price target on shares of SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Zacks Research raised SM Energy from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Truist Financial started coverage on shares of SM Energy in a research report on Tuesday, March 24th. They issued a “buy” rating and a $38.00 target price for the company. Finally, TD Cowen lowered their price target on SM Energy from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $32.58.

SM Energy Stock Down 5.1%

Shares of NYSE:SM opened at $29.58 on Thursday. The company has a 50 day moving average of $24.11 and a two-hundred day moving average of $21.92. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 5.23 and a beta of 1.03. SM Energy has a 52-week low of $17.45 and a 52-week high of $33.25. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.48.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. The firm had revenue of $704.92 million during the quarter, compared to the consensus estimate of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.SM Energy’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 earnings per share. As a group, analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.

Institutional Trading of SM Energy

A number of institutional investors have recently bought and sold shares of SM. NBC Securities Inc. increased its holdings in SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock worth $25,000 after buying an additional 830 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of SM Energy by 10,461.5% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,360 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock worth $26,000 after purchasing an additional 535 shares in the last quarter. First Horizon Corp acquired a new position in SM Energy during the third quarter worth $30,000. Finally, Johnson Financial Group Inc. bought a new position in SM Energy during the third quarter valued at about $31,000. Institutional investors and hedge funds own 94.56% of the company’s stock.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.