Brokerages Set SM Energy (NYSE:SM) Price Target at $51.90

SM Energy (NYSE:SM) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $51.90.

Several equities analysts recently issued reports on the company. Truist Financial boosted their price target on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho dropped their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 price target (up from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Stephens reissued an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 17th.

Institutional Investors Weigh In On SM Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in SM Energy during the fourth quarter worth $6,526,000. NFJ Investment Group LLC increased its position in shares of SM Energy by 7.8% in the fourth quarter. NFJ Investment Group LLC now owns 80,260 shares of the energy company’s stock valued at $3,111,000 after buying an additional 5,781 shares in the last quarter. Jump Financial LLC raised its stake in shares of SM Energy by 196.5% during the 4th quarter. Jump Financial LLC now owns 18,878 shares of the energy company’s stock worth $732,000 after buying an additional 12,511 shares during the last quarter. CacheTech Inc. boosted its position in shares of SM Energy by 15.3% in the 4th quarter. CacheTech Inc. now owns 73,275 shares of the energy company’s stock worth $2,840,000 after buying an additional 9,710 shares in the last quarter. Finally, Barclays PLC grew its stake in SM Energy by 1.9% in the 4th quarter. Barclays PLC now owns 254,915 shares of the energy company’s stock valued at $9,880,000 after acquiring an additional 4,697 shares during the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Trading Up 0.3 %

NYSE SM opened at $39.04 on Friday. The firm’s fifty day moving average is $39.99 and its two-hundred day moving average is $42.01. SM Energy has a one year low of $36.13 and a one year high of $53.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The firm has a market cap of $4.47 billion, a PE ratio of 5.45 and a beta of 4.11.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.05%. SM Energy’s payout ratio is 11.17%.

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.