SM Energy (NYSE:SM) Price Target Raised to $62.00 at Mizuho

SM Energy (NYSE:SM - Get Free Report) had its target price upped by stock analysts at Mizuho from $57.00 to $62.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the energy company's stock. Mizuho's price target suggests a potential upside of 26.63% from the company's previous close.

Other equities research analysts have also issued research reports about the company. Susquehanna lifted their price objective on SM Energy from $42.00 to $51.00 and gave the company a "neutral" rating in a research note on Monday, April 22nd. Seaport Res Ptn raised shares of SM Energy from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. boosted their price target on shares of SM Energy from $49.00 to $54.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 9th. StockNews.com cut shares of SM Energy from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company increased their target price on SM Energy from $45.00 to $51.00 and gave the company an "equal weight" rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.57.

SM Energy Price Performance

SM traded down $0.20 during trading on Monday, reaching $48.96. 1,770,457 shares of the company were exchanged, compared to its average volume of 1,582,071. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 7.67 and a beta of 4.21. SM Energy has a 12-month low of $25.47 and a 12-month high of $53.26. The company's 50-day moving average is $49.09 and its two-hundred day moving average is $41.96.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.39 by $0.17. SM Energy had a net margin of 31.80% and a return on equity of 20.10%. The company had revenue of $608.73 million during the quarter, compared to analysts' expectations of $611.35 million. During the same quarter in the previous year, the company earned $1.29 earnings per share. SM Energy's revenue for the quarter was down 9.3% on a year-over-year basis. Research analysts forecast that SM Energy will post 6.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SM Energy

Hedge funds have recently modified their holdings of the company. Register Financial Advisors LLC bought a new stake in shares of SM Energy during the 1st quarter valued at about $25,000. Hexagon Capital Partners LLC boosted its stake in SM Energy by 509.7% during the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company's stock worth $28,000 after acquiring an additional 474 shares in the last quarter. Lindbrook Capital LLC boosted its stake in SM Energy by 54.9% during the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company's stock worth $29,000 after acquiring an additional 206 shares in the last quarter. Global Retirement Partners LLC boosted its stake in SM Energy by 665.6% during the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company's stock worth $34,000 after acquiring an additional 599 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in SM Energy by 59.7% during the third 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. 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.