SM Energy (NYSE:SM) PT Raised to $51.00 at Susquehanna

SM Energy (NYSE:SM) had its price objective lifted by Susquehanna from $42.00 to $51.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the energy company’s stock.

A number of other analysts have also weighed in on the stock. Seaport Res Ptn upgraded shares of SM Energy from a neutral rating to a buy rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their target price on shares of SM Energy from $45.00 to $51.00 and gave the stock an equal weight rating in a research note on Thursday, April 18th. Royal Bank of Canada restated a sector perform rating and set a $45.00 target price on shares of SM Energy in a research note on Monday, February 5th. Mizuho upped their target price on shares of SM Energy from $51.00 to $57.00 and gave the stock a buy rating in a research note on Friday, April 5th. Finally, KeyCorp upped their target price on shares of SM Energy from $62.00 to $65.00 and gave the stock an overweight rating in a research note on Monday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $52.57.

SM Energy Stock Up 0.9 %

Shares of SM opened at $50.44 on Monday. The stock has a market capitalization of $5.84 billion, a PE ratio of 7.34 and a beta of 4.20. SM Energy has a 1 year low of $25.03 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. The company’s 50-day simple moving average is $47.14 and its 200-day simple moving average is $41.26.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.17. The business had revenue of $608.73 million for the quarter, compared to analysts’ expectations of $611.35 million. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Analysts forecast that SM Energy will post 6.33 earnings per share for the current fiscal year.

SM Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be paid a $0.18 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.72 annualized dividend and a yield of 1.43%. SM Energy’s dividend payout ratio is currently 10.48%.

Hedge Funds Weigh In On SM Energy

Hedge funds have recently modified their holdings of the business. Register Financial Advisors LLC purchased a new position in shares of SM Energy during the first quarter worth approximately $25,000. Hexagon Capital Partners LLC lifted its holdings in shares of SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after purchasing an additional 474 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after purchasing an additional 206 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock worth $34,000 after purchasing an additional 599 shares during the period. Finally, BluePath Capital Management LLC acquired a new stake in shares of SM Energy during the third quarter worth $32,000. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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.