SM Energy (NYSE:SM) Issues Earnings Results

SM Energy (NYSE:SM) announced its earnings results on Wednesday. The energy company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09), Zacks reports. SM Energy had a return on equity of 19.62% and a net margin of 33.89%.

SM Energy Stock Performance

SM Energy stock traded up $0.22 during mid-day trading on Wednesday, hitting $38.84. The company had a trading volume of 2,486,276 shares, compared to its average volume of 1,498,940. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 12-month low of $36.13 and a 12-month high of $53.26. The company’s fifty day moving average is $39.88 and its 200-day moving average is $41.86. The company has a market capitalization of $4.44 billion, a price-to-earnings ratio of 5.42 and a beta of 4.11.

SM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a $0.20 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 2.06%. SM Energy’s dividend payout ratio is presently 11.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial boosted their target price on shares of SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Stephens restated an “overweight” rating and set a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Mizuho cut their price objective on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Wells Fargo & Company cut their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price objective (up previously from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.