Fintel reports that on June 25, 2024, Truist Securities initiated coverage of SM Energy (NYSE:SM) with a Hold recommendation.
Analyst Price Forecast Suggests 22.51% Upside
As of June 12, 2024, the average one-year price target for SM Energy is 60.49. The forecasts range from a low of 51.51 to a high of $79.80. The average price target represents an increase of 22.51% from its latest reported closing price of 49.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SM Energy is 2,984MM, an increase of 32.23%. The projected annual non-GAAP EPS is 9.18.
What is the Fund Sentiment?
There are 943 funds or institutions reporting positions in SM Energy. This is an decrease of 9 owner(s) or 0.95% in the last quarter. Average portfolio weight of all funds dedicated to SM is 0.27%, an increase of 105.15%. Total shares owned by institutions decreased in the last three months by 0.49% to 132,020K shares. 
The put/call ratio of SM is 0.51, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 7,823K shares representing 6.80% ownership of the company. In its prior filing, the firm reported owning 7,779K shares , representing an increase of 0.57%. The firm increased its portfolio allocation in SM by 24.02% over the last quarter.
Jpmorgan Chase holds 4,080K shares representing 3.55% ownership of the company. In its prior filing, the firm reported owning 3,637K shares , representing an increase of 10.87%. The firm decreased its portfolio allocation in SM by 85.84% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,687K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 3,698K shares , representing a decrease of 0.29%. The firm increased its portfolio allocation in SM by 17.04% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 2,954K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 2,961K shares , representing a decrease of 0.24%. The firm increased its portfolio allocation in SM by 18.33% over the last quarter.
IWM - iShares Russell 2000 ETF holds 2,841K shares representing 2.47% ownership of the company. In its prior filing, the firm reported owning 3,151K shares , representing a decrease of 10.88%. The firm increased its portfolio allocation in SM by 19.57% over the last quarter.
SM Energy Background Information
(This description is provided by the company.)
SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas.
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