Weekly Analysts’ Ratings Updates for SM Energy (SM)

SM Energy (NYSE: SM) recently received a number of ratings updates from brokerages and research firms:

• 7/1/2024 – SM Energy had its price target lowered by analysts at Truist Financial Co. from $51.00 to $49.00. They now have a “hold” rating on the stock.
• 6/27/2024 – SM Energy had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $63.00 price target on the stock.
• 6/26/2024 – SM Energy was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 6/25/2024 – SM Energy is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $51.00 price target on the stock.
• 6/21/2024 – SM Energy is now covered by analysts at Stephens. They set an “overweight” rating and a $63.00 price target on the stock.
• 6/18/2024 – SM Energy was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 6/7/2024 – SM Energy was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/28/2024 – SM Energy was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 5/20/2024 – SM Energy was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/13/2024 – SM Energy had its price target raised by analysts at Mizuho from $57.00 to $62.00. They now have a “buy” rating on the stock.
• 5/11/2024 – SM Energy was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 5/10/2024 – SM Energy had its price target raised by analysts at Royal Bank of Canada from $50.00 to $54.00. They now have a “sector perform” rating on the stock.
• 5/3/2024 – SM Energy was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

SM Energy Price Performance

SM traded up $0.33 on Tuesday, hitting $43.99. 839,063 shares of the company’s stock traded hands, compared to its average volume of 1,709,477. The company’s 50 day simple moving average is $48.42 and its 200-day simple moving average is $44.49. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 6.89 and a beta of 4.20. SM Energy has a one year low of $29.51 and a one year high of $53.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. The business had revenue of $559.87 million for the quarter, compared to the consensus estimate of $568.21 million. As a group, research analysts anticipate that SM Energy will post 6.69 EPS for the current year.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 19th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. SM Energy’s dividend payout ratio (DPR) is presently 11.29%.

Insider Transactions at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now owns 114,495 shares of the company’s stock, valued at approximately $5,756,808.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SM. Register Financial Advisors LLC purchased a new stake in shares of SM Energy during the first quarter worth $25,000. Hexagon Capital Partners LLC boosted its stake in shares of SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after buying an additional 474 shares during the period. Lindbrook Capital LLC raised its holdings in SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after purchasing an additional 206 shares in the last quarter. Global Retirement Partners LLC increased its holdings in SM Energy by 665.6% in the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after buying an additional 599 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of SM Energy during the 4th quarter worth approximately $41,000. 94.56% of the stock is currently owned by institutional investors and hedge funds.

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.