Roth Capital Upgrades SM Energy Company to 'Buy'
Roth Capital has upgraded SM Energy Company to a 'buy' rating with a $32 price target, a 20.80% upside from the current price.
Key Points
- Roth Capital upgraded SM Energy Company (NYSE:SM) to a 'buy' rating with a $32 price target on June 22, 2026.
- Roth Capital's $32 price target implies 20.80% upside from SM Energy Company's ($SM) current $26.49 share price.
- Shares of SM Energy traded near $27.14 on Tuesday, with a market cap of about $6.61 billion and a P/E ratio of 11.63.
- Recent insider activity includes sales by EVP & CFO Wade Pursell and other executives, with analysts generally positive on the stock.
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Roth Capital has upgraded its rating on SM Energy Company (NYSE:SM) to 'buy', setting a price target of $32. This update came on June 22, 2026, as the firm signals confidence in the company's future prospects. Shares of SM Energy traded around $27.14 on Tuesday.
Roth Capital vs. the S&P 500
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Other Institutional Activity in SM Energy Company
Several institutional investors have been active in SM Energy Company recently. BlackRock, Inc. boosted its holdings by 17.5 million shares, bringing its total to about 38.4 million shares valued at $1.2 billion. Meanwhile, Vanguard Portfolio Management LLC opened a new position with 15.2 million shares worth approximately $475 million. The Canada Pension Plan Investment Board significantly increased its stake by 13.9 million shares, totaling 14.5 million shares valued at $452 million. State Street Corp added 6.2 million shares, resulting in a total of 12.5 million shares worth $390 million. Aristeia Capital, L.L.C. also increased its position dramatically, adding 10.5 million shares for a total of 10.8 million shares valued at $338 million.
SM Energy Company Stock Down 27.7%
On Tuesday, shares of SM Energy Company (NYSE:SM) were trading near $27.14. The company has a market cap of approximately $6.61 billion and a P/E ratio of 11.63. Its stock has seen a 52-week low of $17.45 and a high of $35.88, with a 50-day moving average of $30.50 and a 200-day moving average of $24.50. The company's current ratio stands at 0.39, with a quick ratio of 0.319 and a debt-to-equity ratio of 124.6.
$SM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
SM Energy Company reported revenues of $3.62 billion with a modest revenue growth rate of 0.73%. The company's net margin is 3.6%, and its return on equity (ROE) is 2.32%. The next earnings report is expected on July 30, 2026.
Dividend
SM Energy Company offers an annual dividend of $0.88 per share, yielding 3.24%. The dividend payout ratio is 43.04%.
Insider Buying and Selling at SM Energy Company
Recent insider transactions at SM Energy include sales by Peru Ramiro, who sold 24,553 shares on May 21, 2026, at an average price of $33.98. EVP & CFO Wade Pursell sold 7,500 shares on March 12, 2026, and purchased 184 shares on December 31, 2025, at $15.96. Additionally, Wouter Van Kempen sold 75,217 shares on February 5, 2026, at $18.87.
Analysts Set New Price Targets
On June 22, 2026, Roth Capital upgraded SM Energy Company to a 'buy' rating with a $32 price target. Previously, on May 27, 2026, Mizuho maintained its 'buy' rating with a $38 target, while Raymond James upgraded the stock to 'buy' with a $55 target on May 20, 2026. The consensus among analysts is a 'buy' recommendation, with an average target price of $40.79 based on 14 analyst opinions.
About SM Energy Company
SM Energy Company is an independent energy company based in Denver, Colorado. It focuses on acquiring, exploring, developing, and producing oil, gas, and natural gas liquids across the United States. The company operates in several regions, including the Midland Basin, South Texas, Uinta Basin, and DJ Basin. Founded in 1908, SM Energy has grown significantly under the leadership of CEO Ms. Elizabeth Anne McDonald and employs over 1,200 people.
Bottom Line
Roth Capital's upgrade of SM Energy Company to a 'buy' rating with a $32 price target reflects positive sentiment towards the company's future performance. Investors often track such analyst updates as they can provide insights into potential stock movements. However, it's important to remember that these ratings are based on past data and market conditions.
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