Mizuho Trims SM Energy (NYSE:SM) Target Price to $57.00

SM Energy (NYSE:SM) had its price target lowered by Mizuho from $62.00 to $57.00 in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has an outperform rating on the energy company’s stock.

A number of other equities analysts also recently commented on SM. Royal Bank of Canada restated a sector perform rating and issued a $54.00 price objective on shares of SM Energy in a report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on shares of SM Energy from $55.00 to $50.00 and set an overweight rating on the stock in a research note on Thursday, September 12th. Wells Fargo & Company reduced their price objective on shares of SM Energy from $50.00 to $48.00 and set an equal weight rating for the company in a research note on Thursday, August 22nd. Stephens reissued an overweight rating and set a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Finally, StockNews.com cut SM Energy from a buy rating to a hold rating in a research report on Friday. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $53.22.

SM Energy Trading Up 1.7 %

NYSE SM opened at $39.82 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. SM Energy has a 1-year low of $34.13 and a 1-year high of $53.26. The firm’s fifty day simple moving average is $43.86 and its 200-day simple moving average is $46.71. The company has a market capitalization of $4.56 billion, a PE ratio of 6.24 and a beta of 4.18.

SM Energy (NYSE:SM) last issued its earnings results on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The firm had revenue of $634.56 million for the quarter, compared to the consensus estimate of $616.63 million. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that SM Energy will post 7.57 earnings per share for the current fiscal year.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 19th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, July 19th. SM Energy’s payout ratio is currently 11.29%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SM. Register Financial Advisors LLC bought a new stake in shares of SM Energy in the first quarter valued at about $25,000. Plato Investment Management Ltd raised its holdings in SM Energy by 461.9% in the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock valued at $26,000 after acquiring an additional 485 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of SM Energy by 509.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock worth $28,000 after acquiring an additional 474 shares during the period. Lindbrook Capital LLC lifted its position in shares of SM Energy by 54.9% in the 1st quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock worth $29,000 after acquiring an additional 206 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of SM Energy by 63.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 872 shares of the energy company’s stock worth $38,000 after purchasing an additional 340 shares in the last quarter. 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.