Susquehanna Cuts SM Energy (NYSE:SM) Price Target to $46.00

SM Energy (NYSE:SM) had its price objective decreased by equities research analysts at Susquehanna from $48.00 to $46.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. Susquehanna’s price objective would suggest a potential upside of 12.36% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets dropped their price objective on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Tudor Pickering upgraded shares of SM Energy to a “strong-buy” rating in a report on Wednesday, August 21st. Truist Financial dropped their price target on SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Monday, September 30th. JPMorgan Chase & Co. lifted their price objective on SM Energy from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $50.00 target price on shares of SM Energy in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $50.73.

SM Energy Stock Up 1.6 %

SM Energy stock opened at $40.94 on Tuesday. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 5.72 and a beta of 4.18. The company has a current ratio of 3.52, a quick ratio of 1.29 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $42.43 and its two-hundred day moving average price is $45.24.

SM Energy (NYSE:SM) last issued its quarterly earnings results 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 company had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. SM Energy’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. On average, equities research analysts predict that SM Energy will post 7.05 earnings per share for the current fiscal year.

Institutional Trading of SM Energy

A number of institutional investors have recently bought and sold shares of the stock. Plato Investment Management Ltd grew its holdings in SM Energy by 461.9% during the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after acquiring an additional 485 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of SM Energy in the third quarter valued at about $30,000. Massmutual Trust Co. FSB ADV boosted its holdings 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. acquired a new position in shares of SM Energy during the 2nd quarter valued at about $44,000. Finally, Blue Trust Inc. grew its stake 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 period. 94.56% of the stock is currently owned by institutional investors and hedge funds.

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.