Soybean Meal (SM)

Short interest for SM Energy gives investors a sense of the degree to which investors are betting on the decline of SM Energy's stock. Short interest data is updated every two weeks.

SM Energy Stock (NYSE:SM), Short Interest Report

SM Energy

SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

Earnings Misses

News

Markets

Trading Ideas

Exxon Mobil Corporation (NYSE: XOM) reported first-quarter 2024 earnings per share of $2.06 (excluding identified items), which missed the Zacks Consensus Estimate of $2.19. The bottom line also declined from the year-ago level of $2.83.

ExxonMobil Q1 Earnings Miss Estimates, Revenues Fall Y/Y

Small Cap

Antero Midstream Corporation (NYSE: AM) has witnessed upward earnings estimate revisions for 2024 in the past 60 days.

Here&#39;s Why Hold Strategy is Apt for Antero Midstream (AM) Stock

Earnings

Penny Stocks

Pre-Market Outlook

BSTG

TTNP

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:

Kadant Inc.  (NYSE: KAI) announced plans to acquire Key Knife, Inc. for approximately $156 million in cash. Kadant shares fell 0.4% to close at $284.23 on Thursday.

Kadant, Titan Pharmaceuticals And 3 Stocks To Watch Heading Into Friday

SM Energy Co

SMA Alliance Inc

Soma Gold Corp

SUMMIT BANCSHS CALIF by Summit Bancshares, Inc.

Summit Bancshares, Inc.

SMAN CAPITAL TRUST I by SMAN Capital Trust I

Sman Capital Trust I

SPORTSMAP TECH ACQUISITION CORP UNIT 1 COM & 3/4 WT EXP

Smartsheet Inc

SmartCash

SmartCredit Token

SOMATIC SYSTEMS INC by Somatic Systems, Inc.

Somatic Systems Inc

Canadian GoldCamps Corp

Siemens AG

ServiceMax Inc

FT Vest U.S. Small Cap Moderate Buffer ETF - May

SIMEC ATLANTIS ENERGY LTD by Simec Atlantis Energy Ltd.

SIMEC Atlantis Energy Ltd

VanEck ETF Trust VanEck Short Muni ETF

Samba TV, Inc

Southern Missouri Bancorp, Inc. - Common Stock

Southern Missouri Bancorp Inc

SmartFinancial Inc

Seatrium Ltd

SEMBCORP MARINE LTD by Seatrium Limited

SEATRIUM LIMITED UNSP/ADR by Seatrium Limited

SIMBA ESSEL ENERGY INC by Simba Essel Energy, Inc.

Simba Essel Energy Inc

SMC Corp

STRATEGIC MINERALS ORD by Strategic Minerals Plc

Strategic Minerals PLC

SMC ENTERTAINMENT INC by SMC Entertainment Inc.

SMC Entertainment Inc

Themes US Small Cap Cash Flow Champions ETF

Super Micro Computer, Inc. - Common Stock

Super Micro Computer Inc

Hilton Small-MidCap Opportunity ETF

AlphaMark Actively Managed Small Cap ETF

SimCorp A/S ADR

UltraPro Short MidCap400

SUMITO DAIN PHAR UNSP/ADR by SUMITOMO DAINIPPON PHARMA CO LTD

Sumitomo Pharma Co Ltd

SIERRA MADRE GOLD SILVER by Sierra Madre Gold and Silver Ltd.

Sierra Madre Gold And Silver Ltd

ProShares Russell 2000 Dividend Growers ETF

Syntax Stratified MidCap ETF

STRATEGIC METALS LTD NEW by Strategic Metals Ltd. New

Strategic Metals Ltd

Sime Darby Bhd

Siemens Energy AG

SIMULATED ENVIR CNCPTS by Simulated Environment Concepts, Inc.

Simulated Environment Concepts Inc

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan)

Sumitomo Mitsui Financial Group Inc

SMURFIT KAPPA GROUP ADR by Smurfit Kappa Group Plc

Smurfit Kappa Group PLC

Smart for Life Inc

SUMITOMO MTSU FINCL GRP by Sumitomo Mitsui Financial Group Inc.

SUMITOMO FORESTY CO LTD by Sumitomo Forestry Co., Ltd.

Sumitomo Forestry Co Ltd

SMURFIT KAPPA PLC ORD by Smurfit Kappa Plc.

S A M TRADE ASIA PTE LTD by S A M TRADE ASIA PTE LTD.

S A M Trade Asia Pte Ltd

Scotts Miracle-Gro Company (The) Common Stock

The Scotts Miracle Gro Co

San Miguel Corp

SIGMATA ELECTRONICS INC by SIGMATA ELECTRONICS INC.

Sigmata Electronics Inc

SMG INDUSTRIES INC by SMG Industries, Inc.

SMG Industries Inc

Smiths Group PLC

SAN MIGUEL BREWERY LTD by San Miguel Brewery Ltd.

SUMMERSET GROUP HLD ORD by Summerset Group Holdings Ltd, Wellington

Summerset Group Holdings Ltd

SMITHS GROUP PLC S/ADR by Smiths Group Plc

VanEck Semiconductor ETF

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SIMCERE PHARM GRP LTD by SIMCERE PHARMACEUTICAL GROUP LTD

Simcere Pharmaceutical Group Ltd

Seacor Marine Holdings Inc

SMOORE INTL HLDGS ADR by Smoore International Holdings Ltd.

Smoore International Holdings Ltd

VanEck HIP Sustainable Muni ETF

SafeMoon Inu

Smith-Midland Corp

Bahl & Gaynor Small/Mid Cap Income Growth ETF

Ishares MSCI India Small Cap ETF

SEMIRARA MNG & PWR CP by SEMIRARA MINING & POWER CORP.

Semirara Mining and Power Corp

SCHMITT INDUSTRIES INC by Schmitt Industries, Inc.

Schmitt Industries Inc

Zacks Trust Zacks Small/Mid Cap ETF

MELIA HOTELS INTL ORD by Melia Hotels International SA

Melia Hotels International SA

SMART CARD MKTG SYS INC by Smart Card Marketing Systems, Inc.

Smart Card Marketing Systems Inc

CP AXTRA PUB CO LTD DR by CP Axtra Public Co Ltd.

CP Axtra PCL

CP AXTRA PCL U/ADR by CP Axtra Public Co Ltd.

Xtrackers S&P SmallCap 600 ESG ETF

iShares U.S. Small?Cap Equity Factor ETF

Synlait Milk Ltd

Summit Midstream Partners, LP Common Units Representing Limited Partner Interests

Summit Midstream Partners LP

Semler Scientific Inc

SPDR SSGA US Small Cap Low Volatility Index ETF

iShares Trust iShares Russell 2500 ETF

SmartMetric Inc

Summit Financial Group Inc Com

SIEMENS HEALTHINEERS ADR by Siemens Healthineers AG

Siemens Healthineers AG

SYMMETRY TECHNOLOGIES INC by Symmetry Technologies, Inc.

Symmetry Technologies Inc

Summit Therapeutics Inc

Short Term Municipal Bond Active Exchange-Traded Fund

iShares MSCI USA Small-Cap Min Vol Factor ETF

SUMITOMO MTL MNG UNSP/ADR by Sumitomo Metal Mining Co., Ltd.

Sumitomo Metal Mining Co Ltd

ProShares UltraShort Materials

SIEMENS ENERGY UNSP/ADR by Siemens Energy AG

Shimano Inc

SMN Corp

S2 Minerals Inc

PT SARANA MENARA NUSA ORD by Pt Sarana Menara Nusantara, Tbk

PT Sarana Menara Nusantara Tbk

Sonoro Gold Corp

VanEck Low Carbon Energy ETF

SMARTOPTICS GROUP AS by SMARTOPTICS GROUP AS

Smartoptics Group AS

<p>RBC Capital  analyst Scott Hanold   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Sector Perform and raises the price target from $50 to $54.</p>


Price Target

Analyst Ratings

RBC Capital Maintains Sector Perform on SM Energy, Raises Price Target to $54

<p>SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) has outperformed the market over the past 5 years by 14.58% on an annualized basis producing an average annual return of 26.97%. Currently, SM Energy has a market capitalization of $5.83 billion. </p>
<p><strong>Buying $100 In SM:</strong> If an investor had bought $100 of SM stock 5 years ago, it would be worth <strong>$335.89</strong> today based on a price of $50.72 for SM at the time of writing.</p>
<h3>SM Energy's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715031070_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $100 Invested In SM Energy 5 Years Ago Would Be Worth Today

Guidance

SM Energy Reduces FY24 Capex Guidance 2% At Midpoint

<p>SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) reported quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.28 by 10.16 percent. This is a 6.02 percent increase over earnings of $1.33 per share from the same period last year.  The company reported quarterly sales of $559.870 million which beat the analyst consensus estimate of $558.312 million by 0.28 percent.  This is a 2.38 percent decrease over sales of $573.505 million the same period last year.</p>


Earnings Beats

SM Energy Q1 2024 Adj EPS $1.41 Beats $1.28 Estimate, Sales $559.870M Beat $558.312M Estimate

<p><strong>Exxon Mobil Corporation&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>) reported first-quarter 2024 earnings per share of $2.06 (excluding identified items), which missed the Zacks Consensus Estimate of $2.19. The bottom line also declined from the year-ago level of $2.83.</p>
<p>Total quarterly revenues of $83,083 million missed the Zacks Consensus Estimate of $86,599 million. The top line also deteriorated from the year-ago quarter&#39;s figure of $86,564 million.</p>
<p>Weak quarterly results primarily resulted from lower realizations of natural gas prices and decreased total production.</p>
<div class="chart_embed">
<h3>Exxon Mobil Corporation Price, Consensus and EPS Surprise</h3>
<p><a href="https://www.zacks.com/stock/chart/XOM/price-consensus-eps-surprise-chart?icid=chart-XOM-price-consensus-eps-surprise-chart"><img alt="Exxon Mobil Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/1c/1714130241.png" style="height:265px; width:590px" title="" /> </a></p>
<p>Exxon Mobil Corporation price-consensus-eps-surprise-chart | Exxon Mobil Corporation Quote</p>
</div>
<h3>Operational Performance</h3>
<h3>Upstream</h3>
<p>The segment reported quarterly earnings (excluding identified items) of $5,660 million, down from $6,615 million reported in the year-ago quarter. This was mainly due to a 32% decrease in natural gas prices and other non-cash impacts from tax and inventory adjustments, as well as divestments.</p>
<p>Operations in the United States recorded a profit of $1,054 million, down from $1,632 million registered in the March-end quarter of 2023. The company reported a profit of $4,606 million from non-U.S. operations, down from $4,983 million reported in the year-ago quarter.</p>
<p><strong>Production:&nbsp;</strong>ExxonMobil&#39;s production averaged 3,784 thousand barrels of oil equivalent per day (MBoe/d), lower than 3,831 MBoe/d reported a year ago. The figure also missed our estimate of 3,807.6 MBoe/d.</p>
<p>However, Liquids production increased to 2,557 thousand barrels per day (MBbls/d) from 2,495 MBbls/d in the prior-year quarter. The outperformance resulted from higher production, primarily in Canada and Africa. Yet, natural gas production totaled 7,362 million cubic feet per day (Mmcf/d), down from 8,016 Mmcf/d reported a year ago. This was primarily due to lower output from the United States, Europe, Asia and Australia.</p>
<p><strong>Price Realization:&nbsp;</strong>In the United States, ExxonMobil recorded crude price realization of $74.96 per barrel, higher than the year-ago quarter&#39;s figure of $73.95. The figure, however, missed our estimate of $75.27. Crude price realization for non-U.S. operations increased to $72.00 per barrel from $67.93 in the year-ago quarter. Our estimate for the same was pinned at $72.08 per barrel.</p>
<p>Natural gas price in the United States was $2.22 per thousand cubic feet (Mcf), lower than the year-ago quarter&#39;s level of $3.20. Our estimate for the same was pegged at $2.06 per Mcf. Also, in the non-U.S. section, the metric declined to $11.37 per Mcf from $17.39. The figure also missed our estimate of $13.44 per Mcf.</p>
<h3>Energy Products</h3>
<p>The segment recorded a profit (excluding identified items) of $1,376 million, down from $4,213 million recorded a year ago. The reported figure also lagged our estimate of $2,931.3 million. This was primarily due to lower industry refining margins and unfavorable timing effects from derivatives mark-to-market impacts.</p>
<h3>Chemical Products</h3>
<p>This unit of ExxonMobil recorded a profit of $785 million (excluding identified items), up from $371 million registered in the year-ago quarter. The reported figure also beat our estimate of $505.2 million. Margins improved as a result of reduced U.S. feed costs and strong performance product sales, aiding the business unit.</p>
<h3>Specialty Products</h3>
<p>This ExxonMobil unit recorded a profit of $761 million (excluding identified items), down from $774 million in the year-ago quarter. Our projection for the same was pegged at $714 million. Higher margins from improved finished lubes and structural cost savings aided the business unit, partially offset by weaker base stock margins and higher base expenses.</p>
<h3>Financials</h3>
<p>In the quarter under review, ExxonMobil generated a cash flow of $15,367 million from operations and asset divestments. The company&#39;s capital and exploration spending amounted to $5,839 million.</p>
<p>At the end of the first quarter of 2024, ExxonMobil&#39;s total cash and cash equivalents were $33,320 million, and long-term debt totaled $32,213 million.</p>
<h3>Zacks Rank &amp; Stocks to Consider</h3>
<p>ExxonMobil currently carries a Zacks Rank #3 (Hold).</p>
<p>Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like <strong>SM Energy Company&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>), <strong>EOG Resources Inc.,</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eog#NYSE">EOG</a>) and <strong>PBF Energy Inc.</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>). While SM Energy sports a Zacks Rank #1 (Strong Buy), EOG Resources and PBF Energy carry a Zacks Rank #2 (Buy) each at present.</p>
<p>SM Energy Company&nbsp;is an independent oil and gas company, engaged in the exploration, exploitation, development, acquisition, and production of oil and gas in North America. SM currently has a Value Score of B.</p>
<p>The Zacks Consensus Estimate for SM&#39;s 2024 and 2025 EPS is pegged at $6.33 and $6.96, respectively. The stock has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.</p>
<p>EOG Resources, an oil and gas exploration company, boasts attractive growth prospects, top-tier returns, and a disciplined management team, leveraging highly productive acreages in prime oil shale plays like the Permian and Eagle Ford.</p>
<p>The Zacks Consensus Estimate for EOG&#39;s 2024 EPS is pegged at $12.29. The company has a Zacks Style Score of B for Value and A for Momentum. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.</p>
<p>PBF Energy&nbsp;operates with a diverse asset base of six refineries, boasting higher daily crude processing capacity and a complex refining system, enabling the production of superior-grade refined products.</p>
<p>The Zacks Consensus Estimate for PBF&#39;s 2024 and 2025 EPS is pegged at $7.39 and $5.87, respectively. PBF currently has a Zacks Style Score of A for Value and A for Momentum. Over the past seven days, PBF has witnessed upward earnings estimate revisions for 2024 and 2025.</p>
<p><a href="https://www.zacks.com/stock/news/2263049/exxonmobil-xom-q1-earnings-miss-estimates-revenues-fall-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2263049">To read this article on Zacks.com click here.</a></p>


<p>In the latest quarter, 11 analysts provided ratings for SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $52.55, a high estimate of $65.00, and a low estimate of $42.00. Surpassing the previous average price target of $47.44, the current average has increased by 10.77%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713805229_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The standing of SM Energy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$51.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$65.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Hanwen Chang</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$51.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$62.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Zach Parham</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$57.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$51.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Kelly</td>
<td>Seaport Global</td>
<td>Maintains</td>
<td>Buy</td>
<td>$50.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SM Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SM Energy compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for SM Energy's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Capture valuable insights into SM Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SM/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on SM Energy analyst ratings.</strong></a></p>
<h2>All You Need to Know About SM Energy</h2>
<p>SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.</p>
<h3>Breaking Down SM Energy's Financial Performance</h3>
<p><strong>Market Capitalization Analysis:</strong> The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, SM Energy faced challenges, resulting in a decline of approximately <strong>-9.32%</strong> in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> SM Energy's net margin is impressive, surpassing industry averages. With a net margin of <strong>40.72%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> SM Energy's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of <strong>7.04%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> SM Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>3.97%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.44</strong>, SM Energy adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.</p>
<p>Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.</p>
<p>In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings For SM Energy

<p>Susquehanna  analyst Biju Perincheril   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Neutral and raises the price target from $42 to $51.</p>


Susquehanna Maintains Neutral on SM Energy, Raises Price Target to $51

<p>Keybanc  analyst Tim Rezvan   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Overweight and raises the price target from $62 to $65.</p>


Keybanc Maintains Overweight on SM Energy, Raises Price Target to $65

<p><strong>SM Energy's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) short percent of float has risen 11.59% since its last report. The company recently reported that it has <strong>10.47 million shares sold short</strong>, which is 13.29% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 7.29 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>SM Energy Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713459621_0_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for SM Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing SM Energy's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SM Energy's peer group average for short interest as a percentage of float is 6.58%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

Peering Into SM Energy's Recent Short Interest

<p>Wells Fargo  analyst Hanwen Chang   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Equal-Weight and raises the price target from $45 to $51.</p>


Wells Fargo Maintains Equal-Weight on SM Energy, Raises Price Target to $51

<p>Keybanc  analyst Tim Rezvan   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Overweight and raises the price target from $51 to $62.</p>


Keybanc Maintains Overweight on SM Energy, Raises Price Target to $62

<p><strong>Antero Midstream Corporation&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/am#NYSE">AM</a>) has witnessed upward earnings estimate revisions for 2024 in the past 60 days.</p>
<p>The company, currently carrying a Zacks Rank #3 (Hold), beat the Zacks Consensus Estimate for earnings in the trailing four quarters, delivering a surprise of 11.1% on average.</p>
<h3>Sustained Earnings Growth</h3>
<p>Antero Midstream has shown consistent earnings growth, with an 18% compound annual growth rate in EBITDA from 2014 to 2023, and is guiding to a mid-point of $1.04 billion of EBITDA for 2024. The company&#39;s steady performance and positive earnings outlook indicate robust operational efficiency and financial health.</p>
<h3>Capital Efficiency and Reduction</h3>
<p>Antero Midstream has cut its capital expenditure guidance, indicating a 14% year-over-year reduction in 2024, aligning with a lower gas price environment and operational optimization. This strategy is supported by just-in-time investments that generate consistent free cash flow, contributing to a peer-leading leverage of 3.3X at the end of 2023. The company&#39;s ability to adapt capital spending to market conditions, while maintaining operational effectiveness demonstrates prudent financial management and potential for enhanced shareholder value.</p>
<h3>Strong Return on Invested Capital</h3>
<p>AM has maintained a high ROIC, averaging 17% from 2020 to 2023, underscoring its effective use of capital in generating profits. A high ROIC indicates that AM is generating more profit per dollar of capital, which is a key indicator of financial health and operational efficiency.</p>
<h3>Debt Management and Leverage Improvement</h3>
<p>AM reduced its total debt by approximately $150 million in 2023, achieving a leverage ratio of 3.3X, and has no near-term debt maturities, providing financial stability. Effective debt management and a strong balance sheet position AM to withstand market volatility and pursue growth opportunities.</p>
<h3>Dividend Reliability and Share Repurchase Program</h3>
<p>AM has a record of returning capital to shareholders, with a stable dividend yielding around 7% and a $500-million share repurchase program. The company&#39;s commitment to returning capital to shareholders through dividends and share buybacks can provide a steady income stream and support stock price appreciation.</p>
<h3>Strategic Operational Advantages</h3>
<p>Antero Midstream benefits from more than 20 years of dedicated inventory in low-cost natural gas and NGL basins, supported by 100% fixed-fee revenues with no direct commodity price exposure. The company&#39;s just-in-time investment strategy generates a consistent free cash flow, further enhancing its operational efficiency and capital flexibility.</p>
<h3>ESG Leadership</h3>
<p>Antero Midstream is an industry leader in Environmental, Social, and Governance (ESG) performance, ranking #1 in the Wells Fargo ESG Scorecard for U.S. Midstream G&amp;P&#39;s and 36th out of 197 in the Pipeline and Refining Industry Companies ranked by Sustainalytics. This strong ESG performance not only reduces operational risks but also aligns with increasing investor demand for responsible and sustainable investment opportunities.</p>
<h3>Risks</h3>
<p>Antero Midstream is significantly dependent on <strong>Antero Resources Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ar#NYSE">AR</a>), earning a large portion of its revenues by servicing this upstream company. This dependency makes AM susceptible to risks associated with any negative developments in Antero Resources&#39; production operations, given its lack of diversification in its customer base across different upstream firms.</p>
<h3>Stocks to Consider</h3>
<p>Investors interested in the&nbsp;energy&nbsp;sector may take a look at the following company that presently sports a Zacks Rank #1 (Strong Buy).</p>
<p><strong>SM Energy Company&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sm#NYSE">SM</a>) is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition, and production of oil and gas in North America. SM currently has a Momentum Score of A and a Value Score of B.</p>
<p>The Zacks Consensus Estimate for SM&#39;s 2024 and 2025 EPS is pegged at $5.99 and $6.44, respectively. The stock has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days.</p>
<p><strong>Enerplus Corporation</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/erf#NYSE">ERF</a>) is an independent oil and gas production company with resources across Western Canada and the United States.</p>
<p>Enerplus has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days. The consensus estimate for ERF&#39;s 2024 and 2025 earnings per share is pegged at $1.95 and $2.25, respectively.</p>
<p><a href="https://www.zacks.com/stock/news/2252792/here-s-why-hold-strategy-is-apt-for-antero-midstream-am-stock?cid=CS-BENZ-FT-analyst_blog|rank_focused-2252792">To read this article on Zacks.com click here.</a></p>


Here's Why Hold Strategy is Apt for Antero Midstream (AM) Stock

<p>JP Morgan  analyst Zach Parham   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Overweight and raises the price target from $49 to $54.</p>


JP Morgan Maintains Overweight on SM Energy, Raises Price Target to $54

<p>During the last three months, 8 analysts shared their evaluations of SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets, analyzed by analysts, offer insights with an average target of $48.88, a high estimate of $57.00, and a low estimate of $42.00. Marking an increase of 2.2%, the current average surpasses the previous average price target of $47.83. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712343661_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive SM Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$57.00</td>
<td>$51.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>William Janela</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$51.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Kelly</td>
<td>Seaport Global</td>
<td>Maintains</td>
<td>Buy</td>
<td>$50.00</td>
<td>-</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$51.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$53.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SM Energy. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of SM Energy compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for SM Energy's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>For valuable insights into SM Energy's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SM/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on SM Energy analyst ratings.</strong></a></p>
<h2>All You Need to Know About SM Energy</h2>
<p>SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.</p>
<h3>SM Energy: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Challenges:</strong> SM Energy's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately <strong>-9.32%</strong>. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> SM Energy's net margin is impressive, surpassing industry averages. With a net margin of <strong>40.72%,</strong> the company demonstrates strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> SM Energy's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>7.04%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> SM Energy's ROA stands out, surpassing industry averages. With an impressive ROA of <strong>3.97%</strong>, the company demonstrates effective utilization of assets and strong financial performance.</p>
<p><strong>Debt Management:</strong> SM Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.44</strong>.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Key Takeaways From SM Energy Analyst Ratings

<p>Mizuho  analyst William Janela   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Buy and raises the price target from $51 to $57.</p>


Mizuho Maintains Buy on SM Energy, Raises Price Target to $57

<p><strong>SM Energy's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) short percent of float has risen 3.81% since its last report. The company recently reported that it has <strong>7.90 million shares sold short</strong>, which is 10.07% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 6.3 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>SM Energy Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710166521_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for SM Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing SM Energy's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SM Energy's peer group average for short interest as a percentage of float is 6.51%, which means the company has <strong>more</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


<p>RBC Capital  analyst Scott Hanold   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Sector Perform and raises the price target from $45 to $50.</p>


RBC Capital Maintains Sector Perform on SM Energy, Raises Price Target to $50

<p>Mizuho  analyst Nitin Kumar   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Buy and raises the price target from $44 to $51.</p>


Mizuho Maintains Buy on SM Energy, Raises Price Target to $51

<p>SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $46.17, along with a high estimate of $51.00 and a low estimate of $42.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 6.25%. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708959698_0.png" alt="price target chart" /></p>
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
<p>The analysis of recent analyst actions sheds light on the perception of SM Energy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Biju Perincheril</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$42.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Scott Hanold</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$45.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Kelly</td>
<td>Seaport Global</td>
<td>Maintains</td>
<td>Buy</td>
<td>$50.00</td>
<td>-</td>
</tr>
<tr>
<td>Tim Rezvan</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$51.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>John Freeman</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$45.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Buy</td>
<td>$44.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SM Energy. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SM Energy compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for SM Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of SM Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SM/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on SM Energy analyst ratings.</strong></a></p>
<h2>Delving into SM Energy's Background</h2>
<p>SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.</p>
<h3>Unraveling the Financial Story of SM Energy</h3>
<p><strong>Market Capitalization Analysis:</strong> Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.</p>
<p><strong>Revenue Growth:</strong> SM Energy's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately <strong>-9.32%</strong>. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> SM Energy's net margin excels beyond industry benchmarks, reaching <strong>40.72%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> SM Energy's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>7.04%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> SM Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>3.97%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.44</strong>, SM Energy adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Landscape: 6 Takes On SM Energy

<p>Susquehanna  analyst Biju Perincheril   maintains SM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>) with a Neutral and raises the price target from $38 to $42.</p>


Susquehanna Maintains Neutral on SM Energy, Raises Price Target to $42

KeyBanc analyst Tim Rezvan maintained a Buy rating on SM Energy (SM – Research Report) today and set a price target of $62.00. The company's shares...

SM Energy (SM) Gets a Buy from KeyBanc

In a report released yesterday, Hanwen Chang from Wells Fargo maintained a Hold rating on SM Energy (SM – Research Report), with a price target of ...

Wells Fargo Reaffirms Their Hold Rating on SM Energy (SM)

SM Energy Non-GAAP EPS of $1.41 beats by $0.13, revenue of $559.87M beats by $3.21M

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><strong>SM Energy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/sm-stock-quote/"><strong>SM</strong></a></span>) just reported results for the first quarter of 2024.</p><ul><li>SM Energy reported earnings per share of $1.41. This was above the analyst estimate for EPS of $1.28.</li><li>The company reported revenue of $559.87 million.</li><li>This was 0.23% better than the analyst estimate for revenue of $558.61 million.</li></ul><div><p>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</p></div><h3>More From InvestorPlace</h3>
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SM Energy Stock (NYSE:SM), Short Interest Report

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