SM Energy (NYSE:SM) Given New $45.00 Price Target at Truist Financial

SM Energy (NYSE:SM - Free Report) had its price target lifted by Truist Financial from $42.00 to $45.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a hold rating on the energy company's stock.

A number of other analysts have also issued reports on the company. Susquehanna reduced their target price on SM Energy from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. KeyCorp lowered their target price 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. BMO Capital Markets dropped their target price on SM Energy from $50.00 to $48.00 and set a "market perform" rating on the stock in a report on Friday, October 4th. Mizuho decreased their price target on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Finally, TD Cowen upgraded shares of SM Energy from a "hold" rating to a "buy" rating and dropped their price objective for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SM Energy currently has an average rating of "Moderate Buy" and an average target price of $51.90.

SM Energy Trading Up 0.8 %

Shares of SM Energy stock traded up $0.33 on Monday, reaching $43.68. 1,370,950 shares of the company were exchanged, compared to its average volume of 1,453,879. SM Energy has a fifty-two week low of $34.76 and a fifty-two week high of $53.26. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 6.10 and a beta of 4.14. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock has a fifty day moving average price of $41.70 and a 200-day moving average price of $42.75.

SM Energy (NYSE:SM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. On average, analysts expect that SM Energy will post 6.77 EPS for the current year.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. SM Energy's dividend payout ratio (DPR) is presently 11.17%.

Hedge Funds Weigh In On SM Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of SM Energy by 47.3% during the 3rd quarter. Barclays PLC now owns 250,218 shares of the energy company's stock worth $10,002,000 after purchasing an additional 80,343 shares during the last quarter. National Bank of Canada FI bought a new position in SM Energy in the 3rd quarter worth approximately $259,000. Los Angeles Capital Management LLC lifted its holdings in shares of SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company's stock worth $2,615,000 after buying an additional 28,920 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of SM Energy in the third quarter valued at approximately $3,048,000. Finally, Janney Montgomery Scott LLC grew its stake in shares of SM Energy by 144.6% in the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company's stock worth $894,000 after acquiring an additional 13,215 shares during the last quarter. Institutional investors and hedge funds 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.