Mizuho Has Lowered Expectations for SM Energy (NYSE:SM) Stock Price

SM Energy (NYSE:SM) had its target price cut by Mizuho from $57.00 to $55.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the energy company’s stock.

Other research analysts have also issued reports about the company. KeyCorp reduced their target price on SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Tudor, Pickering, Holt & Co. raised SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 target price on shares of SM Energy in a research report on Tuesday, October 8th. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and reduced their target price for the company from $64.00 to $60.00 in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $53.00 target price (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, SM Energy presently has an average rating of “Moderate Buy” and a consensus price target of $50.82.

SM Energy Trading Down 2.6 %

SM opened at $39.39 on Monday. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 5.50 and a beta of 4.14. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 12 month low of $34.76 and a 12 month high of $53.26. The stock has a fifty day moving average price of $43.05 and a 200-day moving average price of $43.90.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.73 EPS. As a group, equities research analysts anticipate that SM Energy will post 6.77 earnings per share for the current fiscal year.

SM Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, October 25th were paid a $0.20 dividend. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.03%. SM Energy’s dividend payout ratio is presently 11.17%.

Institutional Trading of SM Energy

A number of hedge funds have recently modified their holdings of SM. Los Angeles Capital Management LLC boosted its position in SM Energy by 79.2% during the third quarter. Los Angeles Capital Management LLC now owns 65,421 shares of the energy company’s stock worth $2,615,000 after purchasing an additional 28,920 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in SM Energy by 144.6% during the third quarter. Janney Montgomery Scott LLC now owns 22,357 shares of the energy company’s stock worth $894,000 after purchasing an additional 13,215 shares in the last quarter. World Investment Advisors LLC purchased a new position in SM Energy during the third quarter worth approximately $3,048,000. Mackenzie Financial Corp boosted its position in SM Energy by 82.2% during the second quarter. Mackenzie Financial Corp now owns 411,103 shares of the energy company’s stock worth $17,772,000 after purchasing an additional 185,433 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. raised its holdings in shares of SM Energy by 7.3% during the third quarter. Pekin Hardy Strauss Inc. now owns 178,750 shares of the energy company’s stock valued at $7,145,000 after acquiring an additional 12,102 shares during the last quarter. Hedge funds and other institutional investors own 94.56% of the company’s stock.

About SM Energy

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.