SM Energy (NYSE:SM) Given New $65.00 Price Target at KeyCorp

SM Energy (NYSE:SM) had its target price increased by KeyCorp from $62.00 to $65.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the energy company’s stock. KeyCorp’s price objective indicates a potential upside of 30.50% from the stock’s current price.

SM has been the subject of a number of other research reports. JPMorgan Chase & Co. upped their price objective on shares of SM Energy from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Wells Fargo & Company upped their price target on shares of SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 18th. Susquehanna increased their price objective on shares of SM Energy from $38.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Raymond James cut their price objective on shares of SM Energy from $53.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, January 8th. Finally, Seaport Res Ptn upgraded shares of SM Energy from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $52.57.

SM Energy Price Performance

Shares of SM opened at $49.81 on Monday. The firm has a market capitalization of $5.77 billion, a PE ratio of 7.25 and a beta of 4.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45. SM Energy has a 1-year low of $25.03 and a 1-year high of $53.26. The company’s fifty day moving average price is $46.67 and its 200-day moving average price is $41.13.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. The business had revenue of $608.73 million during the quarter, compared to the consensus estimate of $611.35 million. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, equities research analysts predict that SM Energy will post 6.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of SM Energy by 11.3% during the 4th quarter. CWM LLC now owns 2,683 shares of the energy company’s stock worth $104,000 after acquiring an additional 272 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of SM Energy by 1.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 20,125 shares of the energy company’s stock worth $779,000 after acquiring an additional 286 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of SM Energy by 31.6% during the 4th quarter. First Horizon Advisors Inc. now owns 1,469 shares of the energy company’s stock worth $57,000 after acquiring an additional 353 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of SM Energy by 59.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 990 shares of the energy company’s stock worth $39,000 after acquiring an additional 370 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of SM Energy by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 34,315 shares of the energy company’s stock worth $1,361,000 after acquiring an additional 464 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

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.