SM Energy (NYSE:SM) Price Target Raised to $32.00 at Wells Fargo & Company

Posted by Francis Steltz on May 18th, 2026

SM Energy (NYSE:SM – Get Free Report) had its price target raised by equities researchers at Wells Fargo & Company from $29.00 to $32.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the energy company’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 2.73% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Roth Mkm reiterated a “neutral” rating and set a $33.00 target price (up from $24.00) on shares of SM Energy in a research note on Wednesday, April 8th. KeyCorp increased their price target on SM Energy from $29.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 2nd. Siebert Williams Shank raised shares of SM Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $30.00 to $41.00 in a research report on Thursday. Susquehanna upped their price objective on shares of SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Weiss Ratings raised shares of SM Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.29.

Check Out Our Latest Report on SM

SM Energy Stock Performance

Shares of SM Energy stock traded up $0.31 during trading on Monday, hitting $32.90. 498,001 shares of the stock were exchanged, compared to its average volume of 6,152,728. 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 company has a fifty day moving average price of $29.06 and a 200-day moving average price of $22.99. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 13.81 and a beta of 0.73. SM Energy has a 1-year low of $17.45 and a 1-year high of $33.25.

SM Energy (NYSE:SM – Get Free Report) last issued its earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.42. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. SM Energy’s revenue was up 75.0% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. As a group, equities analysts predict that SM Energy will post 7.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SM. Royal Bank of Canada increased its position in SM Energy by 27.7% during the 1st quarter. Royal Bank of Canada now owns 91,916 shares of the energy company’s stock worth $2,753,000 after buying an additional 19,965 shares during the period. AQR Capital Management LLC boosted its position in shares of SM Energy by 43.9% in the first quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company’s stock valued at $4,370,000 after acquiring an additional 44,542 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SM Energy by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company’s stock valued at $2,040,000 after acquiring an additional 2,969 shares in the last quarter. NewEdge Advisors LLC increased its position in SM Energy by 44.9% during the first quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company’s stock worth $97,000 after acquiring an additional 1,007 shares during the period. Finally, United Services Automobile Association bought a new position in SM Energy during the first quarter worth about $222,000. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Company Profile

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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.