SM Energy (NYSE:SM) Stock Rating Upgraded by StockNews.com

SM Energy (NYSE:SM) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research firms also recently weighed in on SM. Susquehanna lifted their target price on shares of SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Truist Financial began coverage on shares of SM Energy in a report on Tuesday. They issued a “hold” rating and a $51.00 price objective on the stock. KeyCorp upped their price objective on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. JPMorgan Chase & Co. increased their target price on shares of SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Stephens assumed coverage on SM Energy in a research report on Friday, June 21st. They issued an “overweight” rating and a $63.00 target price for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.11.

SM Energy Stock Down 10.5 %

Shares of NYSE SM opened at $43.35 on Wednesday. SM Energy has a 12-month low of $29.51 and a 12-month high of $53.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.99 billion, a PE ratio of 6.79 and a beta of 4.15. The company has a 50-day moving average of $48.62 and a 200 day moving average of $44.27.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.13. The business had revenue of $559.87 million during the quarter, compared to analysts’ expectations of $568.21 million. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. As a group, sell-side analysts predict that SM Energy will post 6.63 EPS for the current fiscal year.

Insider Transactions at SM Energy

In related news, SVP Kenneth J. Knott sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total value of $804,480.00. Following the completion of the transaction, the senior vice president now directly owns 114,495 shares of the company’s stock, valued at approximately $5,756,808.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On SM Energy

Hedge funds have recently bought and sold shares of the stock. Register Financial Advisors LLC purchased a new stake in shares of SM Energy in the first quarter valued at $25,000. Hexagon Capital Partners LLC lifted its position in SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after buying an additional 474 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of SM Energy by 54.9% in the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after acquiring an additional 206 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of SM Energy by 665.6% in the 1st quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after acquiring an additional 599 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of SM Energy by 66.8% during the 1st quarter. UMB Bank n.a. now owns 829 shares of the energy company’s stock valued at $41,000 after acquiring an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

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.