SM Energy (NYSE:SM) Price Target Lowered to $55.00 at Mizuho

SM Energy (NYSE:SM) had its price objective cut by Mizuho from $57.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the energy company’s stock.

SM has been the subject of several other reports. KeyCorp decreased their target price on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. StockNews.com lowered SM Energy from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Truist Financial lowered their price objective 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. Stephens lifted their target price on SM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on SM Energy from $43.00 to $47.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SM Energy currently has an average rating of “Moderate Buy” and a consensus price target of $50.64.

SM Energy Trading Down 4.4 %

Shares of SM Energy stock opened at $37.15 on Monday. The stock has a market capitalization of $4.25 billion, a PE ratio of 5.19 and a beta of 4.14. SM Energy has a 52 week low of $34.76 and a 52 week high of $53.26. The stock has a 50 day moving average price of $42.80 and a two-hundred day moving average price of $43.78. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $1.73 EPS. As a group, equities analysts anticipate that SM Energy will post 6.77 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, October 25th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, October 25th. This is an increase from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s dividend payout ratio is 11.17%.

Institutional Investors Weigh In On SM Energy

A number of hedge funds have recently made changes to their positions in SM. DGS Capital Management LLC increased its holdings in SM Energy by 88.4% during the third quarter. DGS Capital Management LLC now owns 10,910 shares of the energy company’s stock worth $436,000 after buying an additional 5,119 shares during the last quarter. Tidal Investments LLC bought a new position in shares of SM Energy during the 3rd quarter valued at approximately $445,000. World Investment Advisors LLC purchased a new stake in shares of SM Energy during the 3rd quarter worth approximately $3,048,000. Sanctuary Advisors LLC raised its holdings in shares of SM Energy by 5.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 33,173 shares of the energy company’s stock worth $1,326,000 after purchasing an additional 1,774 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in SM Energy in the third quarter valued at approximately $2,376,000. 94.56% of the stock is currently owned by institutional investors.

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.