SM Energy (NYSE:SM) Price Target Cut to $57.00 by Analysts at Mizuho

SM Energy (NYSE:SM) had its price target decreased by equities research analysts at Mizuho from $62.00 to $57.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the energy company’s stock. Mizuho’s price objective indicates a potential upside of 40.71% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Truist Financial lowered their target price on shares of SM Energy from $49.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 target price on shares of SM Energy in a research report on Tuesday, July 9th. Stephens reissued an “overweight” rating and set a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Finally, Wells Fargo & Company lowered their target price on shares of SM Energy from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.22.

SM Energy Stock Performance

SM stock opened at $40.51 on Monday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 6.35 and a beta of 4.19. The firm has a 50 day moving average of $43.86 and a two-hundred day moving average of $46.71. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. SM Energy has a 12 month low of $34.13 and a 12 month high of $53.26.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. The firm had revenue of $634.56 million during the quarter, compared to analysts’ expectations of $616.63 million. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. SM Energy’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.28 earnings per share. As a group, equities analysts anticipate that SM Energy will post 7.57 EPS for the current fiscal year.

Institutional Investors Weigh In On SM Energy

A number of institutional investors have recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its position 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 buying an additional 206 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in SM Energy by 2.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after buying an additional 300 shares in the last quarter. UMB Bank n.a. grew its position in SM Energy by 66.8% during 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. Massmutual Trust Co. FSB ADV grew its position in SM Energy by 63.9% during the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock worth $38,000 after buying an additional 340 shares in the last quarter. Finally, Arizona State Retirement System grew its position in SM Energy by 1.4% during the second quarter. Arizona State Retirement System now owns 32,403 shares of the energy company’s stock worth $1,401,000 after buying an additional 437 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

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.