Roth Capital Upgrades SM to 'Buy' with $32 Price Target
Roth Capital upgraded SM to a 'buy' rating with a $32 price target on June 22, 2026, a 17.91% upside from the current price.
Key Points
- Roth Capital upgraded SM to 'buy' with a $32 target on June 22, 2026.
- Roth Capital's $32 price target implies 17.91% upside from SM Energy Company's ($SM) current $27.14 share price.
- Shares of SM traded at $27.14 on Monday, with recent analyst actions influencing its outlook.
- Insiders and institutional investors have been active in SM, with notable trades and holdings changes.
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Roth Capital has upgraded SM to a 'buy' rating, setting a price target of $32. This change was announced by analyst Leo Mariani on June 22, 2026. The upgrade reflects a positive outlook for the company's future performance.
Roth Capital vs. the S&P 500
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Other Institutional Activity in SM
Several major institutional investors have been active in SM recently. BlackRock, Inc. grew its holdings by 17,500,906 shares, ending with 38,431,787 shares valued at around $1.20 billion, marking an 83.6% increase. Vanguard Portfolio Management LLC opened a new position with 15,234,489 shares worth approximately $475.01 million. The Canada Pension Plan Investment Board increased its stake by 13,888,891 shares, resulting in 14,493,791 shares valued at about $451.92 million, a 2296.1% increase. State Street Corp also expanded its position by 6,238,602 shares, holding 12,495,962 shares worth around $389.62 million, a 99.7% rise. Aristeia Capital, L.L.C. significantly boosted its holdings by 10,487,058 shares, now holding 10,841,846 shares valued at approximately $338.05 million, a 2955.9% increase.
SM Energy Company Stock Down 25.9%
Shares of SM traded near $27.14 on Monday. The stock has seen varied interest from analysts and institutional investors, which could impact its market performance. The recent upgrades and institutional activities suggest a potential positive trend.
$SM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at SM Energy Company
Several insiders have been trading SM stock recently. On May 21, 2026, Ramiro Peru sold 24,553 shares at an average price of $33.98. EVP & CFO Wade Pursell sold 7,500 shares on March 12, 2026, and previously bought 184 shares at $15.96 on December 31, 2025. Wouter Van Kempen sold 75,217 shares at $18.87 on February 5, 2026. EVP Corp Development & GC James Barker Lebeck purchased 14,698 shares on January 23, 2026.
Analysts Set New Price Targets
On June 22, 2026, Roth Capital upgraded SM to a 'buy' rating with a $32 price target. Mizuho maintained its 'buy' rating with a $38 target on May 27, 2026. Raymond James upgraded the stock to 'buy' with a $55 target on May 20, 2026. Wells Fargo maintained a 'hold' rating with a $32 target on May 18, 2026, while Truist Securities kept a 'buy' rating with a $39 target on May 12, 2026.
Bottom Line
Roth Capital's upgrade of SM to a 'buy' reflects growing confidence in the company's prospects. The stock has seen significant activity from both institutional investors and insiders, indicating varied interest. Investors track these updates to gauge potential future performance, though it's important to remember that analyst ratings and institutional filings are backward-looking and may not reflect the current market sentiment.
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