Mizuho Issues Pessimistic Forecast for SM Energy (NYSE:SM) Stock Price

SM Energy (NYSE:SM) had its price target decreased by equities research analysts at Mizuho from $46.00 to $42.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Mizuho’s price target would indicate a potential upside of 65.16% from the company’s previous close.

A number of other brokerages have also recently weighed in on SM. Susquehanna dropped their target price on shares of SM Energy from $39.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on SM Energy from $45.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 25th. Raymond James lowered their target price on SM Energy from $59.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 10th. Finally, KeyCorp cut their price target on SM Energy from $60.00 to $36.00 and set an “overweight” rating on the stock in a report on Monday, April 21st. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.92.

SM Energy Stock Down 0.8%

Shares of SM Energy stock opened at $25.43 on Tuesday. The business has a 50-day moving average price of $25.44 and a 200 day moving average price of $34.93. SM Energy has a fifty-two week low of $19.67 and a fifty-two week high of $50.77. The firm has a market cap of $2.91 billion, a P/E ratio of 3.81 and a beta of 2.17. The company has a quick ratio of 3.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.66.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, May 1st. The energy company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.16. SM Energy had a return on equity of 19.82% and a net margin of 28.63%. The business had revenue of $844.54 million during the quarter, compared to the consensus estimate of $814.62 million. During the same period in the previous year, the business earned $1.13 EPS. The business’s quarterly revenue was up 50.8% on a year-over-year basis. On average, sell-side analysts forecast that SM Energy will post 8.1 earnings per share for the current fiscal year.

Insider Transactions at SM Energy

In related news, Director Barton R. Brookman, Jr. purchased 7,000 shares of SM Energy stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $32.36 per share, with a total value of $226,520.00. Following the purchase, the director now owns 14,666 shares in the company, valued at approximately $474,591.76. The trade was a 91.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in SM Energy by 64.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,730 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,854 shares in the last quarter. Barclays PLC lifted its holdings in shares of SM Energy by 47.3% in the third quarter. Barclays PLC now owns 250,218 shares of the energy company’s stock valued at $10,002,000 after buying an additional 80,343 shares during the period. Principal Financial Group Inc. boosted its stake in SM Energy by 4.0% during the fourth quarter. Principal Financial Group Inc. now owns 635,822 shares of the energy company’s stock valued at $24,644,000 after buying an additional 24,701 shares in the last quarter. Intrust Bank NA acquired a new position in SM Energy during the fourth quarter worth about $396,000. Finally, Moody Aldrich Partners LLC raised its position in SM Energy by 31.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 132,267 shares of the energy company’s stock worth $5,127,000 after acquiring an additional 31,582 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

SM Energy Company Profile

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.