SM Energy (NYSE:SM) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• SM Energy has received a "Hold (C-)" rating from Weiss Ratings, indicating a neutral outlook on the company's stock.
• Wells Fargo cut its price target for SM Energy from $33.00 to $29.00, while several firms issued mixed ratings, reflecting uncertainty in the stock's performance.
• SM Energy reported stronger-than-expected quarterly earnings of $1.50 per share, surpassing estimates and highlighting a revenue increase of 25.0% year-over-year.

SM Energy (NYSE:SM - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research firms also recently issued reports on SM. Wells Fargo & Company cut their price target on SM Energy from $33.00 to $29.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. Raymond James Financial downgraded SM Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Mizuho reduced their price target on shares of SM Energy from $44.00 to $39.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Zacks Research lowered shares of SM Energy from a "hold" rating to a "strong sell" rating in a research note on Friday, October 3rd. Finally, Susquehanna raised their price objective on shares of SM Energy from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $40.70.

SM Energy Price Performance

NYSE SM traded down $0.04 during trading hours on Wednesday, reaching $25.24. The company's stock had a trading volume of 1,905,383 shares, compared to its average volume of 2,292,607. SM Energy has a 1-year low of $19.67 and a 1-year high of $46.42. The company's 50-day moving average is $26.76 and its two-hundred day moving average is $25.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 3.56 and a beta of 2.30.

SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.27. The company had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The firm's revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 earnings per share. On average, equities analysts predict that SM Energy will post 8.1 EPS for the current year.

Institutional Trading of SM Energy

Several hedge funds and other institutional investors have recently bought and sold shares of SM. Crossmark Global Holdings Inc. lifted its stake in SM Energy by 12.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 8,355 shares of the energy company's stock valued at $250,000 after purchasing an additional 941 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SM Energy by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 21,258 shares of the energy company's stock valued at $637,000 after buying an additional 518 shares during the last quarter. Insight Wealth Strategies LLC grew its position in SM Energy by 30.8% in the 2nd quarter. Insight Wealth Strategies LLC now owns 107,381 shares of the energy company's stock worth $2,796,000 after purchasing an additional 25,273 shares in the last quarter. Strs Ohio bought a new stake in SM Energy in the 1st quarter worth about $539,000. Finally, Public Employees Retirement System of Ohio increased its holdings in SM Energy by 12.5% during the second quarter. Public Employees Retirement System of Ohio now owns 93,828 shares of the energy company's stock worth $2,318,000 after buying an additional 10,435 shares during 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.

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