SM Energy (NYSE:SM) Downgraded to Hold Rating by StockNews.com

SM Energy (NYSE:SM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also commented on SM. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 price target (up previously from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Truist Financial raised their price target on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Stephens reaffirmed an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research report on Thursday, January 2nd. Susquehanna dropped their price target on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Seven equities 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.90.

SM Energy Trading Up 0.7 %

NYSE:SM opened at $32.74 on Friday. SM Energy has a 1-year low of $31.80 and a 1-year high of $53.26. The business’s 50-day moving average price is $39.16 and its two-hundred day moving average price is $41.44. The company has a current ratio of 0.55, a quick ratio of 3.52 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 4.90 and a beta of 4.11.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 19th. The energy company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09). The business had revenue of $852.22 million for the quarter, compared to analyst estimates of $849.44 million. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. On average, equities analysts expect that SM Energy will post 8.1 earnings per share for the current year.

Insider Buying and Selling at SM Energy

In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This trade represents a 91.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new position in shares of SM Energy during the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its stake in shares of SM Energy by 3,434.5% during the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares during the period. Millburn Ridgefield Corp bought a new position in shares of SM Energy during the 3rd quarter worth approximately $55,000. International Assets Investment Management LLC boosted its stake in shares of SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after acquiring an additional 1,403 shares during the period. Finally, R Squared Ltd bought a new position in shares of SM Energy during the 4th quarter worth approximately $61,000. 94.56% of the stock is currently owned by institutional investors.

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.