Weiss Ratings Reiterates Hold (C-) Rating for SM Energy (NYSE:SM)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for SM Energy (NYSE: SM) amid mixed feedback from other analysts, with price targets ranging from $27.00 to $38.00.
• SM Energy's stock is currently valued at $20.83 and has seen a decrease of 3.2% recently, with a market cap of $2.39 billion.
• Significant institutional involvement has been noted, with hedge funds owning 94.56% of the company's stock and major purchases made during the first quarter.

SM Energy (NYSE:SM - Get Free Report)'s stock had its "hold (c-)" rating reissued by analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Mizuho set a $38.00 price objective on shares of SM Energy in a research note on Friday, October 10th. Royal Bank Of Canada lifted their price objective on shares of SM Energy from $34.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, October 9th. Zacks Research cut shares of SM Energy from a "hold" rating to a "strong sell" rating in a research note on Friday, October 3rd. TD Cowen raised shares of SM Energy to a "strong-buy" rating in a research note on Monday, July 7th. Finally, Susquehanna decreased their target price on shares of SM Energy to $27.00 and set a "neutral" rating on the stock in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.50.

SM Energy Stock Down 3.2%

NYSE SM opened at $20.83 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.59. SM Energy has a 1-year low of $19.67 and a 1-year high of $46.42. The company has a 50 day moving average of $25.61 and a 200-day moving average of $25.27. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 2.94 and a beta of 2.30.

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

Hedge Funds Weigh In On SM Energy

A number of hedge funds have recently modified their holdings of SM. Millennium Management LLC lifted its holdings in shares of SM Energy by 663.7% during the first quarter. Millennium Management LLC now owns 1,884,536 shares of the energy company's stock worth $56,442,000 after purchasing an additional 1,637,779 shares during the period. HITE Hedge Asset Management LLC acquired a new position in shares of SM Energy during the first quarter worth $44,005,000. Invesco Ltd. lifted its holdings in shares of SM Energy by 169.4% during the first quarter. Invesco Ltd. now owns 1,873,860 shares of the energy company's stock worth $56,122,000 after purchasing an additional 1,178,397 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of SM Energy by 51.4% during the first quarter. Westwood Holdings Group Inc. now owns 3,207,245 shares of the energy company's stock worth $96,057,000 after purchasing an additional 1,088,948 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in shares of SM Energy during the second quarter worth $25,179,000. 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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