SM Energy (NYSE:SM) Stock Price Up 6.9% – Should You Buy?

Posted by Brenda Bartman on Jun 12th, 2026

SM Energy Company (NYSE:SM – Get Free Report)’s stock price shot up 6.9% during trading on Wednesday . The company traded as high as $33.27 and last traded at $33.2380. 1,187,044 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 5,847,463 shares. The stock had previously closed at $31.08.

Analysts Set New Price Targets

A number of research firms recently commented on SM. Mizuho increased their price target on SM Energy from $34.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. TD Cowen cut their price target on SM Energy from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, March 17th. Raymond James Financial upgraded shares of SM Energy from an “underperform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Wednesday, May 20th. KeyCorp upped their target price on shares of SM Energy from $29.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, April 2nd. Finally, BMO Capital Markets upped their price objective on SM Energy from $26.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, April 2nd. Eight analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.07.

Get Our Latest Analysis on SM

SM Energy Stock Performance

The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. The stock has a 50 day moving average price of $30.71 and a two-hundred day moving average price of $24.82. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 13.17 and a beta of 0.72.

SM Energy (NYSE:SM – Get Free Report) last released its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.42. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.42 billion. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company’s quarterly revenue was up 75.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 earnings per share. Analysts predict that SM Energy Company will post 7.3 EPS for the current year.

SM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Insider Buying and Selling

In related news, Director Ramiro G. Peru sold 24,553 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total transaction of $834,310.94. Following the sale, the director owned 65,964 shares of the company’s stock, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On SM Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in SM Energy by 79.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock worth $311,678,000 after buying an additional 4,426,751 shares during the period. State Street Corp boosted its stake in SM Energy by 1.7% in the 4th quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock worth $118,267,000 after purchasing an additional 107,295 shares during the period. American Century Companies Inc. lifted its holdings in shares of SM Energy by 8.9% in the third quarter. American Century Companies Inc. now owns 4,585,624 shares of the energy company’s stock valued at $114,503,000 after purchasing an additional 375,754 shares in the last quarter. Millennium Management LLC grew its holdings in shares of SM Energy by 205.1% during the fourth quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after buying an additional 1,906,255 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in SM Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 2,721,147 shares of the energy company’s stock valued at $50,897,000 after buying an additional 56,187 shares during the last quarter. 94.56% of the stock is currently owned by institutional investors and hedge funds.

SM Energy Company Profile

(Get Free Report)

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.