What 4 Analyst Ratings Have To Say About SM Energy
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings and price targets for SM Energy (NYSE:SM), with a mix of bullish and neutral stances. Over the past three months, ratings have varied, with the current consensus being 1 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is now $45.00, down from $47.75, with a high estimate of $51.00 and a low of $40.00. Key analysts from Keybanc, Raymond James, Mizuho, and Susquehanna have adjusted their price targets, with three lowering and one raising their target. SM Energy's financials show a -22.7% revenue decline over 3 months, but strong profitability with a net margin of 34.76% and above-average ROE and ROA. The company has a lower-than-average debt-to-equity ratio of 0.46.
January 11, 2024 | 6:00 pm
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SM Energy has received mixed analyst ratings with a downward revision in the average price target to $45.00. The company's strong profitability and debt management may cushion the stock price despite the negative revenue trend.
The mixed analyst ratings and the reduction in the average price target suggest uncertainty, which could lead to a neutral short-term impact on SM Energy's stock price. However, the company's strong profitability metrics and effective debt management may provide a positive counterbalance to the negative revenue trend, potentially stabilizing the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100