SM Energy (NYSE:SM) PT Raised to $18.00

SM Energy (NYSE:SM) had its target price lifted by equities research analysts at Royal Bank of Canada from $12.00 to $18.00 in a note issued to investors on Monday, The Fly reports. The brokerage presently has an “outperform” rating on the energy company’s stock. Royal Bank of Canada’s price target indicates a potential upside of 34.33% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Barclays cut shares of SM Energy from an “equal weight” rating to an “underweight” rating and set a $3.00 price target on the stock. in a research report on Thursday, January 14th. KeyCorp boosted their price target on shares of SM Energy from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Thursday, January 21st. MKM Partners boosted their price target on shares of SM Energy from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, November 3rd. Stifel Nicolaus boosted their price objective on SM Energy from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 22nd. Finally, Raymond James restated a “hold” rating on shares of SM Energy in a report on Wednesday, November 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.79.

Shares of SM opened at $13.40 on Monday. SM Energy has a 1 year low of $0.90 and a 1 year high of $14.38. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -2.16 and a beta of 6.60. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a fifty day moving average of $9.84 and a 200-day moving average of $4.75.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Tuesday, February 16th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). SM Energy had a negative return on equity of 1.40% and a negative net margin of 55.76%. Analysts predict that SM Energy will post -0.21 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in shares of SM Energy by 1.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 70,036 shares of the energy company’s stock valued at $429,000 after buying an additional 995 shares in the last quarter. Comerica Bank grew its stake in shares of SM Energy by 1.6% in the 4th quarter. Comerica Bank now owns 119,757 shares of the energy company’s stock valued at $1,068,000 after buying an additional 1,847 shares in the last quarter. Ellevest Inc. grew its stake in shares of SM Energy by 68.6% in the 4th quarter. Ellevest Inc. now owns 10,593 shares of the energy company’s stock valued at $65,000 after buying an additional 4,311 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SM Energy by 55.8% during the third quarter. Envestnet Asset Management Inc. now owns 21,529 shares of the energy company’s stock worth $34,000 after purchasing an additional 7,707 shares during the period. Finally, 1492 Capital Management LLC boosted its position in SM Energy by 7.0% during the third quarter. 1492 Capital Management LLC now owns 124,594 shares of the energy company’s stock worth $198,000 after purchasing an additional 8,167 shares during the period. 68.87% of the stock is owned by institutional investors and hedge funds.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in the state of Texas. As of December 31, 2019, the company had 462.0 million barrels of oil equivalent of estimated proved reserves; and working interests in 807 gross productive oil wells and 519 gross productive gas wells in the Midland Basin and South Texas.

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