SM Energy (SM) Price Target Cut to $45.00

SM Energy (NYSE:SM) had its target price cut by analysts at Stifel Nicolaus from $50.00 to $45.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price points to a potential upside of 98.76% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Williams Capital reissued a “buy” rating and issued a $39.00 target price on shares of SM Energy in a research report on Wednesday, January 10th. B. Riley initiated coverage on shares of SM Energy in a research report on Monday, February 5th. They set a “buy” rating and a $36.00 price target for the company. Citigroup raised shares of SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Deutsche Bank initiated coverage on shares of SM Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $32.00 price target for the company. Finally, ValuEngine lowered shares of SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $27.93.

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Shares of SM traded up $0.28 during trading hours on Monday, hitting $22.64. The company had a trading volume of 323,428 shares, compared to its average volume of 3,595,948. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.21. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. The firm had revenue of $340.53 million during the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the previous year, the firm earned ($0.31) EPS. SM Energy’s quarterly revenue was down 10.4% compared to the same quarter last year. equities research analysts expect that SM Energy will post 0.16 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of SM. ING Groep NV raised its holdings in SM Energy by 23.6% during the 4th quarter. ING Groep NV now owns 15,496 shares of the energy company’s stock valued at $342,000 after buying an additional 2,960 shares during the period. American International Group Inc. increased its stake in SM Energy by 1.6% in the fourth quarter. American International Group Inc. now owns 212,650 shares of the energy company’s stock worth $4,695,000 after purchasing an additional 3,249 shares during the period. Legal & General Group Plc increased its stake in SM Energy by 2.0% in the third quarter. Legal & General Group Plc now owns 173,828 shares of the energy company’s stock worth $3,086,000 after purchasing an additional 3,431 shares during the period. Swiss National Bank increased its stake in SM Energy by 2.6% in the fourth quarter. Swiss National Bank now owns 171,150 shares of the energy company’s stock worth $3,779,000 after purchasing an additional 4,400 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in SM Energy in the fourth quarter worth $134,000.

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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 onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

Analyst Recommendations for SM Energy (NYSE:SM)

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