SM Energy (NYSE:SM) Price Target Cut to $46.00 by Analysts at Susquehanna

SM Energy (NYSE:SM - Free Report) had its price objective lowered by Susquehanna from $48.00 to $46.00 in a research note published on Tuesday, Benzinga reports. Susquehanna currently has a neutral rating on the energy company's stock.

SM has been the topic of a number of other reports. Mizuho reduced their price target on shares of SM Energy from $62.00 to $57.00 and set an "outperform" rating on the stock in a research report on Monday, September 16th. Truist Financial cut their price target on SM Energy from $46.00 to $38.00 and set a "hold" rating for the company in a report on Monday, September 30th. KeyCorp decreased their price objective on shares of SM Energy from $65.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, October 16th. StockNews.com lowered shares of SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SM Energy from $50.00 to $54.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued 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 an average target price of $50.73.

SM Energy Stock Up 0.4 %

Shares of NYSE SM traded up $0.16 during mid-day trading on Tuesday, reaching $41.10. 1,541,101 shares of the company traded hands, compared to its average volume of 1,740,922. SM Energy has a fifty-two week low of $34.13 and a fifty-two week high of $53.26. The stock has a market cap of $4.70 billion, a PE ratio of 5.71 and a beta of 4.18. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.29 and a current ratio of 3.52. The company's fifty day moving average is $42.31 and its two-hundred day moving average is $45.19.

SM Energy (NYSE:SM - Get Free Report) 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 during the quarter, compared to analysts' expectations of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.73 EPS. On average, analysts expect that SM Energy will post 7.05 earnings per share for the current year.

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Friday, October 25th. This is a positive change from SM Energy's previous quarterly dividend of $0.18. SM Energy's payout ratio is currently 11.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Plato Investment Management Ltd boosted its stake in shares of SM Energy by 461.9% during the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company's stock worth $26,000 after buying an additional 485 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in SM Energy in the third quarter valued at approximately $30,000. Massmutual Trust Co. FSB ADV increased its position in shares of SM Energy by 63.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company's stock worth $38,000 after purchasing an additional 340 shares during the last quarter. Mather Group LLC. bought a new stake in shares of SM Energy during the 2nd quarter worth approximately $44,000. Finally, Blue Trust Inc. boosted its holdings in shares of SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company's stock valued at $44,000 after buying an additional 996 shares during the last quarter. 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.