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

SM Energy (NYSE:SM - Get Free Report) had its price target cut by KeyCorp from $60.00 to $36.00 in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has an "overweight" rating on the energy company's stock. KeyCorp's target price points to a potential upside of 53.32% from the company's previous close. KeyCorp also issued estimates for SM Energy's Q1 2025 earnings at $1.70 EPS, Q2 2025 earnings at $1.36 EPS, Q3 2025 earnings at $1.44 EPS, Q4 2025 earnings at $1.50 EPS, FY2025 earnings at $6.00 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $1.39 EPS, Q3 2026 earnings at $1.46 EPS, Q4 2026 earnings at $1.65 EPS and FY2026 earnings at $6.10 EPS.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company lowered their target price on SM Energy from $45.00 to $33.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Raymond James dropped their target price on shares of SM Energy from $59.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 10th. Stephens cut their target price on shares of SM Energy from $62.00 to $55.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. StockNews.com downgraded shares of SM Energy from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $44.00.

SM Energy Trading Up 1.3 %

Shares of NYSE SM traded up $0.31 during midday trading on Monday, reaching $23.48. The stock had a trading volume of 1,368,989 shares, compared to its average volume of 1,889,583. SM Energy has a twelve month low of $19.67 and a twelve month high of $51.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.52 and a current ratio of 0.55. The company's 50 day moving average price is $27.72 and its 200 day moving average price is $36.68. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 3.51 and a beta of 3.75.

SM Energy (NYSE:SM - Get Free Report) last released its earnings results on Wednesday, February 19th. The energy company reported $1.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.09). SM Energy had a net margin of 28.63% and a return on equity of 19.82%. The firm had revenue of $852.22 million during the quarter, compared to analyst estimates of $849.44 million. As a group, sell-side analysts expect that SM Energy will post 8.1 EPS for the current year.

Insider Buying and Selling

In other news, Director Barton R. Brookman, Jr. bought 7,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $32.36 per share, for a total transaction of $226,520.00. Following the completion of the purchase, the director now directly owns 14,666 shares in the company, valued at $474,591.76. This represents a 91.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SM Energy

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in SM Energy by 22.0% during the fourth quarter. JPMorgan Chase & Co. now owns 4,632,255 shares of the energy company's stock worth $179,546,000 after purchasing an additional 835,929 shares during the period. American Century Companies Inc. boosted its holdings in SM Energy by 8.8% in the 4th quarter. American Century Companies Inc. now owns 3,682,093 shares of the energy company's stock worth $142,718,000 after buying an additional 296,601 shares during the period. First Trust Advisors LP raised its holdings in SM Energy by 40.1% during the 4th quarter. First Trust Advisors LP now owns 2,683,131 shares of the energy company's stock valued at $103,998,000 after acquiring an additional 767,779 shares during the period. Westwood Holdings Group Inc. grew its position in shares of SM Energy by 2.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,118,297 shares of the energy company's stock valued at $82,105,000 after purchasing an additional 42,297 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of SM Energy by 10.7% in the fourth quarter. Northern Trust Corp now owns 1,449,483 shares of the energy company's stock worth $56,182,000 after buying an additional 140,228 shares in the last quarter. Hedge funds and other institutional investors 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.