Q4 2022 Earnings Estimate for SM Energy (NYSE:SM) Issued By Seaport Res Ptn

SM Energy (NYSE:SMGet Rating) – Equities research analysts at Seaport Res Ptn dropped their Q4 2022 earnings estimates for SM Energy in a research report issued on Monday, January 23rd. Seaport Res Ptn analyst N. Pope now forecasts that the energy company will post earnings of $1.23 per share for the quarter, down from their prior estimate of $1.24. The consensus estimate for SM Energy’s current full-year earnings is $7.27 per share. Seaport Res Ptn also issued estimates for SM Energy’s Q4 2023 earnings at $1.58 EPS.

Several other equities research analysts also recently weighed in on the stock. Mizuho began coverage on shares of SM Energy in a report on Monday, January 9th. They issued a “buy” rating and a $51.00 price objective for the company. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. Royal Bank of Canada upped their price objective on shares of SM Energy from $53.00 to $55.00 and gave the stock a “sector perform” rating in a report on Monday, November 14th. Barclays reduced their price objective on shares of SM Energy from $51.00 to $46.00 and set an “underweight” rating for the company in a report on Wednesday, October 19th. Finally, JPMorgan Chase & Co. cut shares of SM Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $46.00 in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.25.

SM Energy Stock Performance

Shares of SM opened at $32.99 on Wednesday. SM Energy has a 1 year low of $29.27 and a 1 year high of $54.97. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 3.21 and a beta of 4.48. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $36.44 and a 200-day moving average of $39.77.

SM Energy (NYSE:SMGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The energy company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.05. The firm had revenue of $835.45 million during the quarter, compared to the consensus estimate of $699.92 million. SM Energy had a net margin of 36.09% and a return on equity of 37.36%.

SM Energy Dividend Announcement

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, February 6th. Investors of record on Friday, January 20th will be issued a $0.15 dividend. The ex-dividend date is Thursday, January 19th. This represents a yield of 0.9%. SM Energy’s dividend payout ratio is currently 2.92%.

Hedge Funds Weigh In On SM Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its stake in shares of SM Energy by 2.5% in the third quarter. Verdence Capital Advisors LLC now owns 10,948 shares of the energy company’s stock worth $412,000 after acquiring an additional 270 shares during the last quarter. Congress Asset Management Co. MA grew its stake in shares of SM Energy by 0.3% in the second quarter. Congress Asset Management Co. MA now owns 90,195 shares of the energy company’s stock worth $3,084,000 after acquiring an additional 296 shares during the last quarter. Eaton Vance Management grew its stake in shares of SM Energy by 3.8% in the first quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock worth $326,000 after acquiring an additional 309 shares during the last quarter. United Services Automobile Association grew its stake in shares of SM Energy by 3.0% in the third quarter. United Services Automobile Association now owns 13,382 shares of the energy company’s stock worth $503,000 after acquiring an additional 388 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of SM Energy by 1.8% in the second quarter. Cerity Partners LLC now owns 22,886 shares of the energy company’s stock worth $782,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

SM Energy Company Profile

(Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

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Earnings History and Estimates for SM Energy (NYSE:SM)

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