SM Energy’s (SM) Neutral Rating Reaffirmed at Roth Mkm

SM Energy (NYSE:SMGet Free Report)‘s stock had its “neutral” rating restated by investment analysts at Roth Mkm in a research note issued on Wednesday,Benzinga reports. They currently have a $33.00 price target on the energy company’s stock, up from their prior price target of $24.00. Roth Mkm’s price target would indicate a potential upside of 5.43% from the company’s previous close.

Several other research firms have also commented on SM. KeyCorp raised their target price on SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. National Bank Financial set a $30.00 target price on SM Energy in a report on Tuesday, March 17th. BMO Capital Markets raised their target price on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Truist Financial assumed coverage on SM Energy in a report on Tuesday, March 24th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Siebert Williams Shank lowered SM Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.31.

Read Our Latest Stock Report on SM Energy

SM Energy Stock Up 2.8%

Shares of SM stock opened at $31.30 on Wednesday. The stock’s 50-day simple moving average is $25.06 and its 200-day simple moving average is $22.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $7.46 billion, a PE ratio of 5.54 and a beta of 0.78. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $33.25.

SM Energy (NYSE:SMGet Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.10. The business had revenue of $704.92 million for the quarter, compared to analyst estimates of $764.40 million. SM Energy had a return on equity of 13.47% and a net margin of 20.55%.The company’s revenue was down 17.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.91 earnings per share. Equities analysts expect that SM Energy will post 8.1 earnings per share for the current year.

Institutional Trading of SM Energy

Several institutional investors have recently bought and sold shares of the business. State Street Corp grew its holdings in SM Energy by 1.7% in the fourth quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock valued at $118,267,000 after purchasing an additional 107,295 shares during the period. Dimensional Fund Advisors LP grew its holdings in SM Energy by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,921,769 shares of the energy company’s stock valued at $147,876,000 after purchasing an additional 30,951 shares during the period. American Century Companies Inc. grew its holdings in SM Energy by 8.9% in the third quarter. American Century Companies Inc. now owns 4,585,624 shares of the energy company’s stock valued at $114,503,000 after purchasing an additional 375,754 shares during the period. Westwood Holdings Group Inc. grew its holdings in SM Energy by 16.3% in the second quarter. Westwood Holdings Group Inc. now owns 3,731,350 shares of the energy company’s stock valued at $92,202,000 after purchasing an additional 524,105 shares during the period. Finally, Millennium Management LLC grew its holdings in SM Energy by 205.1% in the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock valued at $53,028,000 after purchasing an additional 1,906,255 shares during the period. 94.56% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about SM Energy

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About SM Energy

(Get Free Report)

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.

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