SM Energy (NYSE:SM) Upgraded by Seaport Res Ptn to “Buy”

SM Energy (NYSE:SMGet Free Report) was upgraded by analysts at Seaport Res Ptn from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, PriceTargets.com reports. Seaport Res Ptn also issued estimates for SM Energy’s Q4 2023 earnings at $1.44 EPS, Q1 2025 earnings at $1.59 EPS, Q2 2025 earnings at $1.48 EPS, Q3 2025 earnings at $1.55 EPS and Q4 2025 earnings at $1.66 EPS.

A number of other brokerages have also recently commented on SM. Raymond James dropped their price objective on shares of SM Energy from $53.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price objective on shares of SM Energy in a report on Thursday, October 5th. Susquehanna increased their target price on shares of SM Energy from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Mizuho cut their price target on SM Energy from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Finally, StockNews.com started coverage on SM Energy in a report on Thursday, October 5th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.91.

Read Our Latest Analysis on SM

SM Energy Price Performance

Shares of SM opened at $37.08 on Wednesday. The company has a market capitalization of $4.31 billion, a P/E ratio of 5.42 and a beta of 4.15. The business’s 50-day moving average is $37.37 and its two-hundred day moving average is $38.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.17 and a current ratio of 1.17. SM Energy has a fifty-two week low of $24.66 and a fifty-two week high of $43.73.

SM Energy (NYSE:SMGet Free Report) last posted its earnings results on Thursday, November 2nd. The energy company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.61 by $0.12. SM Energy had a return on equity of 20.90% and a net margin of 34.03%. The firm had revenue of $640.90 million for the quarter, compared to analyst estimates of $629.32 million. Research analysts predict that SM Energy will post 5.84 earnings per share for the current year.

Institutional Investors Weigh In On SM Energy

Large investors have recently modified their holdings of the business. First Horizon Advisors Inc. acquired a new position in SM Energy during the first quarter worth about $25,000. Fifth Third Bancorp lifted its stake in SM Energy by 154.5% in the 2nd quarter. Fifth Third Bancorp now owns 840 shares of the energy company’s stock worth $27,000 after purchasing an additional 510 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of SM Energy during the 3rd quarter worth approximately $28,000. IFP Advisors Inc grew its position in shares of SM Energy by 561.7% in the second quarter. IFP Advisors Inc now owns 880 shares of the energy company’s stock valued at $28,000 after purchasing an additional 747 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new stake in shares of SM Energy in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 91.26% of the company’s stock.

About SM Energy

(Get Free Report)

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 also has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.

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