SM Energy (NYSE:SM) Price Target Cut to $49.00 by Analysts at Truist Financial

SM Energy (NYSE:SM) had its target price trimmed by Truist Financial from $51.00 to $49.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a hold rating on the energy company’s stock.

SM has been the topic of a number of other reports. Mizuho upped their target price on shares of SM Energy from $57.00 to $62.00 and gave the stock a buy rating in a research note on Monday, May 13th. Susquehanna upped their target price on shares of SM Energy from $42.00 to $51.00 and gave the stock a neutral rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of SM Energy from a hold rating to a buy rating in a research note on Wednesday, June 26th. Royal Bank of Canada increased their price objective on shares of SM Energy from $50.00 to $54.00 and gave the company a sector perform rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of SM Energy from $49.00 to $54.00 and gave the company an overweight rating in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, SM Energy currently has an average rating of Moderate Buy and an average target price of $54.89.

SM Energy Stock Performance

Shares of NYSE:SM opened at $43.66 on Monday. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 6.84 and a beta of 4.20. SM Energy has a 12 month low of $29.51 and a 12 month high of $53.26. The firm’s 50-day moving average is $48.42 and its 200 day moving average is $44.49. 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 issued its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.28 by $0.13. The company had revenue of $559.87 million for the quarter, compared to the consensus estimate of $568.21 million. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. Research analysts predict that SM Energy will post 6.69 EPS for the current year.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Investors of record on Friday, July 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. SM Energy’s dividend payout ratio (DPR) is presently 11.29%.

Insider Buying and Selling

In related news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total transaction of $804,480.00. Following the sale, the senior vice president now owns 114,495 shares in the company, valued at $5,756,808.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of SM Energy

Institutional investors have recently modified their holdings of the stock. Register Financial Advisors LLC acquired a new stake in shares of SM Energy in the first quarter valued at about $25,000. Hexagon Capital Partners LLC lifted its stake in shares of SM Energy by 509.7% in 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 in the last quarter. Lindbrook Capital LLC lifted its stake in shares of SM Energy by 54.9% in the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after buying an additional 206 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of SM Energy by 665.6% in the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after buying an additional 599 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of SM Energy by 66.8% in the first quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock worth $41,000 after buying an additional 332 shares in the last quarter. Institutional investors and hedge funds 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.