SM Energy (NYSE:SM) PT Lowered to $46.00

SM Energy (NYSE:SM) had its price target lowered by Truist Financial from $49.00 to $46.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has a hold rating on the energy company’s stock.

A number of other research analysts also recently commented on SM. Susquehanna increased their target price on SM Energy from $42.00 to $51.00 and gave the company a neutral rating in a research report on Monday, April 22nd. StockNews.com downgraded SM Energy from a buy rating to a hold rating in a research report on Tuesday, July 9th. Stephens reiterated an overweight rating and set a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Royal Bank of Canada restated a sector perform rating and issued a $54.00 price target on shares of SM Energy in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company raised their price target on SM Energy from $45.00 to $51.00 and gave the stock an equal weight rating in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $54.56.

SM Energy Trading Up 2.4 %

SM Energy stock opened at $45.59 on Monday. The firm has a 50 day moving average of $46.85 and a 200 day moving average of $45.23. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 7.15 and a beta of 4.20. SM Energy has a 12-month low of $34.13 and a 12-month high of $53.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.13. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The business had revenue of $559.87 million during the quarter, compared to analyst estimates of $568.21 million. As a group, research analysts predict that SM Energy will post 7.3 earnings per share for the current year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 5th. Shareholders of record on Friday, July 19th will be paid a $0.18 dividend. The ex-dividend date is Friday, July 19th. This represents a $0.72 annualized dividend and a yield of 1.58%. SM Energy’s dividend payout ratio (DPR) is presently 11.29%.

Insider Buying and Selling at SM Energy

In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the sale, the senior vice president now owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On SM Energy

Several institutional investors have recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. acquired a new position in SM Energy in the fourth quarter valued at approximately $50,075,000. Congress Asset Management Co. MA lifted its holdings in SM Energy by 848.7% in the fourth quarter. Congress Asset Management Co. MA now owns 877,739 shares of the energy company’s stock valued at $33,986,000 after acquiring an additional 785,222 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SM Energy by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,509,379 shares of the energy company’s stock valued at $213,326,000 after acquiring an additional 493,427 shares during the period. Diversify Advisory Services LLC lifted its holdings in SM Energy by 391.2% in the second quarter. Diversify Advisory Services LLC now owns 310,558 shares of the energy company’s stock valued at $13,491,000 after acquiring an additional 247,331 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in SM Energy by 39.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 751,453 shares of the energy company’s stock valued at $29,096,000 after acquiring an additional 213,866 shares during the period. 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.