Brokerages Set SM Energy (NYSE:SM) PT at $48.00

SM Energy (NYSE:SM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen analysts that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.00.

Several analysts recently issued reports on the stock. Raymond James cut their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, March 10th. Truist Financial upped their price objective on SM Energy from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Williams Trading set a $41.00 target price on SM Energy in a research report on Wednesday, March 5th. Stephens restated an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price objective on SM Energy from $45.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 25th.

Insiders Place Their Bets

In related news, Director Barton R. Brookman, Jr. bought 7,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $32.36 per share, with a total value of $226,520.00. Following the transaction, the director now owns 14,666 shares in the company, valued at $474,591.76. This trade represents a 91.31 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company's stock.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stonehearth Capital Management LLC lifted its holdings in shares of SM Energy by 22.8% in the 1st quarter. Stonehearth Capital Management LLC now owns 8,016 shares of the energy company's stock worth $240,000 after acquiring an additional 1,488 shares during the last quarter. 111 Capital purchased a new position in shares of SM Energy during the fourth quarter valued at approximately $281,000. GF Fund Management CO. LTD. purchased a new position in shares of SM Energy during the fourth quarter valued at approximately $1,353,000. Public Employees Retirement System of Ohio grew its stake in shares of SM Energy by 10.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 97,424 shares of the energy company's stock valued at $3,776,000 after buying an additional 9,080 shares during the last quarter. Finally, Neo Ivy Capital Management raised its holdings in shares of SM Energy by 42.9% in the fourth quarter. Neo Ivy Capital Management now owns 84,933 shares of the energy company's stock worth $3,292,000 after buying an additional 25,507 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Stock Performance

Shares of NYSE SM traded up $0.27 during midday trading on Friday, hitting $30.04. 310,019 shares of the stock traded hands, compared to its average volume of 2,111,527. The firm has a market capitalization of $3.44 billion, a P/E ratio of 4.50 and a beta of 4.14. SM Energy has a one year low of $26.66 and a one year high of $53.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The firm has a 50-day moving average of $34.17 and a two-hundred day moving average of $39.28.

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

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 5th. Investors of record on Friday, April 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Thursday, April 17th. SM Energy's dividend payout ratio (DPR) is presently 11.98%.

About SM Energy

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.