Mizuho Issues Pessimistic Forecast for SM Energy (NYSE:SM) Stock Price

SM Energy (NYSE:SM) had its target price lowered by equities researchers at Mizuho from $57.00 to $55.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the energy company’s stock. Mizuho’s price target suggests a potential upside of 41.46% from the stock’s current price.

A number of other brokerages have also recently issued reports on SM. KeyCorp dropped their price objective on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Susquehanna dropped their price target on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 price target on shares of SM Energy in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company increased their price target on SM Energy from $43.00 to $47.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and a consensus target price of $50.64.

SM Energy Price Performance

Shares of SM opened at $38.88 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a 50 day simple moving average of $42.95 and a 200 day simple moving average of $43.82. SM Energy has a 52-week low of $34.76 and a 52-week high of $53.26. The firm has a market capitalization of $4.45 billion, a PE ratio of 5.43 and a beta of 4.14.

SM Energy (NYSE:SM) last released its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.73 EPS. Sell-side analysts predict that SM Energy will post 6.77 EPS for the current fiscal year.

Institutional Trading of SM Energy

Several large investors have recently modified their holdings of SM. Envestnet Portfolio Solutions Inc. grew its holdings in shares of SM Energy by 2.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,045 shares of the energy company’s stock worth $477,000 after purchasing an additional 300 shares in the last quarter. Summit Global Investments acquired a new stake in SM Energy in the second quarter valued at about $509,000. Louisiana State Employees Retirement System boosted its stake in SM Energy by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 57,900 shares of the energy company’s stock valued at $2,503,000 after buying an additional 600 shares in the last quarter. Tributary Capital Management LLC boosted its stake in SM Energy by 0.3% in the second quarter. Tributary Capital Management LLC now owns 569,348 shares of the energy company’s stock valued at $24,613,000 after buying an additional 1,623 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in SM Energy by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock valued at $57,739,000 after buying an additional 4,611 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.