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

SM Energy (NYSE:SM - Get Free Report) had its price target reduced by research analysts at KeyCorp from $60.00 to $36.00 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has an "overweight" rating on the energy company's stock. KeyCorp's price objective indicates a potential upside of 56.08% from the stock's current price. KeyCorp also issued estimates for SM Energy's Q1 2025 earnings at $1.70 EPS, Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.44 EPS, Q4 2025 earnings at $1.50 EPS, FY2025 earnings at $6.00 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.46 EPS, Q4 2026 earnings at $1.65 EPS and FY2026 earnings at $6.10 EPS.

SM has been the topic of a number of other reports. Williams Trading set a $41.00 target price on shares of SM Energy in a research note on Wednesday, March 5th. Stephens lowered their price objective on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Truist Financial lifted their price objective on shares of SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, StockNews.com lowered SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, SM Energy presently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

SM Energy Price Performance

NYSE:SM traded down $0.11 during trading hours on Monday, hitting $23.07. The stock had a trading volume of 116,904 shares, compared to its average volume of 1,878,456. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 3.45 and a beta of 3.75. SM Energy has a one year low of $19.67 and a one year high of $51.94. The company has a 50 day simple moving average of $28.02 and a two-hundred day simple moving average of $36.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.55 and a quick ratio of 3.52.

SM Energy (NYSE:SM - Get Free Report) last posted its earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.09). The business had revenue of $852.22 million for the quarter, compared to analysts' expectations of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. Research analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the acquisition, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. This trade represents a 91.31 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SM. JPMorgan Chase & Co. grew its position in shares of SM Energy by 22.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock worth $179,546,000 after buying an additional 835,929 shares during the last quarter. First Trust Advisors LP increased its position in shares of SM Energy by 40.1% during the fourth quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after buying an additional 767,779 shares during the period. Raymond James Financial Inc. bought a new position in SM Energy in the fourth quarter worth about $22,059,000. Fisher Asset Management LLC lifted its holdings in SM Energy by 214.7% in the fourth quarter. Fisher Asset Management LLC now owns 519,302 shares of the energy company's stock worth $20,128,000 after buying an additional 354,297 shares during the period. Finally, American Century Companies Inc. boosted its position in SM Energy by 8.8% during the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock valued at $142,718,000 after acquiring an additional 296,601 shares in the last quarter. Hedge funds and other institutional investors 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.