Mizuho Issues Positive Forecast for SM Energy (NYSE:SM) Stock Price

by · The Cerbat Gem

SM Energy (NYSE:SM – Get Free Report) had its price target boosted by investment analysts at Mizuho from $34.00 to $38.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the energy company’s stock. Mizuho’s price objective would suggest a potential upside of 22.56% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. upgraded SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a report on Friday, March 20th. Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday. National Bank Financial set a $30.00 price target on SM Energy in a research report on Tuesday, March 17th. Stephens increased their price objective on SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, Susquehanna lifted their target price on shares of SM Energy from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $37.07.

View Our Latest Report on SM

SM Energy Price Performance

NYSE:SM opened at $31.01 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.39 and a quick ratio of 0.39. The company has a 50 day moving average price of $30.15 and a 200-day moving average price of $23.66. SM Energy has a 1-year low of $17.45 and a 1-year high of $35.88. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 12.98 and a beta of 0.73.

SM Energy (NYSE:SM – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.42. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The firm’s revenue for the quarter was up 75.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.76 earnings per share. Equities research analysts forecast that SM Energy will post 7.47 EPS for the current year.

Insider Buying and Selling

In related news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $33.98, for a total value of $834,310.94. Following the completion of the transaction, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. The trade was a 27.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.45% of the stock is owned by company insiders.

Hedge Funds Weigh In On SM Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its position in shares of SM Energy by 32.8% during the 1st quarter. Glenmede Trust Co. NA now owns 597,420 shares of the energy company’s stock worth $18,628,000 after acquiring an additional 147,569 shares in the last quarter. Ruggaard & Associates LLC acquired a new position in shares of SM Energy in the 1st quarter valued at $262,000. Segall Bryant & Hamill LLC boosted its holdings in shares of SM Energy by 57.8% in the 1st quarter. Segall Bryant & Hamill LLC now owns 223,193 shares of the energy company’s stock valued at $6,959,000 after buying an additional 81,754 shares in the last quarter. Cim Investment Management Inc. purchased a new position in shares of SM Energy in the 1st quarter valued at $223,000. Finally, Edgestream Partners L.P. purchased a new position in shares of SM Energy in the 1st quarter valued at $3,522,000. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Company Profile

(Get Free Report)

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.

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