SM Energy (NYSE:SM) Given New $55.00 Price Target at Mizuho

SM Energy (NYSE:SM) had its target price dropped by equities researchers at Mizuho from $57.00 to $55.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Mizuho’s target price indicates a potential upside of 41.46% from the stock’s current price.

Several other equities analysts also recently commented on SM. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 target price (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Tudor, Pickering, Holt & Co. upgraded SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets lowered their price objective on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company raised their price objective on SM Energy from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, TD Cowen upgraded SM Energy from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $64.00 to $60.00 in a research report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.64.

SM Energy Price Performance

SM Energy stock opened at $38.88 on Monday. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $4.45 billion, a PE ratio of 5.43 and a beta of 4.14. SM Energy has a 12 month low of $34.76 and a 12 month high of $53.26. The stock has a 50-day moving average price of $42.95 and a two-hundred day moving average price of $43.82.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million during the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $1.73 earnings per share. Analysts expect that SM Energy will post 6.77 EPS for the current year.

Institutional Investors Weigh In On SM Energy

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in SM Energy by 47.3% in the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after acquiring an additional 80,343 shares during the period. National Bank of Canada FI purchased a new position in shares of SM Energy during the third quarter valued at approximately $259,000. Los Angeles Capital Management LLC boosted its position in shares of SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock valued at $2,615,000 after buying an additional 28,920 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SM Energy by 144.6% during the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock valued at $894,000 after buying an additional 13,215 shares during the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of SM Energy during the third quarter valued at approximately $3,048,000. Institutional investors and hedge funds 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.