SM Energy (NYSE:SM) Announces Earnings Results
by Doug Wharley · The Cerbat GemSM Energy (NYSE:SM – Get Free Report) released its quarterly earnings data on Wednesday. The energy company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.06, Zacks reports. SM Energy had a net margin of 22.03% and a return on equity of 16.67%.
SM Energy Stock Down 1.7%
Shares of SM stock traded down $0.38 during mid-day trading on Wednesday, reaching $22.08. 6,534,788 shares of the company were exchanged, compared to its average volume of 6,737,240. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.56 and a current ratio of 0.56. The business’s 50 day simple moving average is $19.60 and its 200 day simple moving average is $21.87. The company has a market capitalization of $2.53 billion, a P/E ratio of 3.48 and a beta of 1.14. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $33.46.
SM Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, December 26th. SM Energy’s dividend payout ratio is 12.62%.
Institutional Investors Weigh In On SM Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Johnson Financial Group Inc. bought a new position in shares of SM Energy during the third quarter worth about $31,000. Global Retirement Partners LLC increased its holdings in SM Energy by 62.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after buying an additional 535 shares during the last quarter. UMB Bank n.a. raised its stake in SM Energy by 102.4% during the fourth quarter. UMB Bank n.a. now owns 1,911 shares of the energy company’s stock valued at $36,000 after buying an additional 967 shares in the last quarter. State of Wyoming lifted its holdings in SM Energy by 22.2% during the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock worth $51,000 after buying an additional 499 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of SM Energy in the 3rd quarter worth approximately $80,000. Institutional investors own 94.56% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SM shares. TD Cowen raised SM Energy to a “strong-buy” rating in a research report on Monday, February 9th. Roth Mkm reiterated a “buy” rating and set a $24.00 target price on shares of SM Energy in a report on Wednesday, February 18th. Mizuho set a $34.00 price target on SM Energy in a research report on Friday, January 9th. Royal Bank Of Canada lowered their price objective on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 13th. Finally, Susquehanna reduced their target price on shares of SM Energy from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.20.
View Our Latest Research Report on SM Energy
About SM Energy
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.
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