StockNews.com Downgrades SM Energy (NYSE:SM) to Hold

SM Energy (NYSE:SMGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other research firms have also recently commented on SM. Wells Fargo & Company raised their price target on shares of SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. KeyCorp upped their price target on SM Energy from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Susquehanna raised their price objective on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Truist Financial lowered their target price on SM Energy from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, July 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 target price on shares of SM Energy in a report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average price target of $54.89.

View Our Latest Report on SM Energy

SM Energy Stock Performance

Shares of SM Energy stock opened at $43.87 on Tuesday. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 6.88 and a beta of 4.20. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. SM Energy has a twelve month low of $32.21 and a twelve month high of $53.26. The company’s fifty day moving average is $47.67 and its 200 day moving average is $44.74.

SM Energy (NYSE:SMGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.13. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The firm had revenue of $559.87 million for the quarter, compared to the consensus estimate of $568.21 million. Sell-side analysts forecast that SM Energy will post 7.15 EPS for the current year.

Insider Activity at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total value of $804,480.00. Following the sale, the senior vice president now owns 114,495 shares of the company’s stock, valued at $5,756,808.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On SM Energy

A number of large investors have recently made changes to their positions in SM. Park Avenue Securities LLC grew its stake in SM Energy by 23.4% during the second quarter. Park Avenue Securities LLC now owns 12,719 shares of the energy company’s stock valued at $550,000 after acquiring an additional 2,414 shares in the last quarter. Mather Group LLC. purchased a new position in shares of SM Energy during the 2nd quarter valued at $44,000. Insight Wealth Strategies LLC increased its holdings in shares of SM Energy by 6.5% in the second quarter. Insight Wealth Strategies LLC now owns 46,499 shares of the energy company’s stock worth $2,010,000 after purchasing an additional 2,840 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of SM Energy by 63.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock worth $38,000 after buying an additional 340 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in SM Energy by 17.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,557 shares of the energy company’s stock worth $283,000 after acquiring an additional 989 shares during the last quarter. 94.56% of the stock is owned by institutional investors.

SM Energy Company Profile

(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 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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