Susquehanna Raises SM Energy (NYSE:SM) Price Target to $51.00

SM Energy (NYSE:SM) had its price target hoisted by research analysts at Susquehanna from $42.00 to $51.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the energy company’s stock. Susquehanna’s price target points to a potential upside of 2.39% from the company’s previous close.

A number of other research firms have also weighed in on SM. Wells Fargo & Company raised their target price on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. Seaport Res Ptn raised SM Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. KeyCorp lifted their price objective on SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday. Raymond James dropped their price objective on SM Energy from $53.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price objective on shares of SM Energy in a research note on Monday, February 5th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $52.57.

SM Energy Trading Up 2.0 %

Shares of SM stock opened at $49.81 on Monday. The firm has a market capitalization of $5.77 billion, a P/E ratio of 7.25 and a beta of 4.20. SM Energy has a twelve month low of $25.03 and a twelve month high of $53.26. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $46.67 and its 200 day simple moving average is $41.13.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.17. The firm had revenue of $608.73 million for the quarter, compared to analyst estimates of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, sell-side analysts predict that SM Energy will post 6.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC bought a new stake in shares of SM Energy in the 1st quarter worth approximately $25,000. Hexagon Capital Partners LLC raised its holdings in shares of SM Energy by 509.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after acquiring an additional 474 shares in the last quarter. BluePath Capital Management LLC purchased a new stake in shares of SM Energy during the 3rd quarter worth approximately $32,000. Global Retirement Partners LLC increased its position in shares of SM Energy by 665.6% during the 1st quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after purchasing an additional 599 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in SM Energy by 59.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock valued at $39,000 after acquiring an additional 370 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

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.