SM Energy (NYSE:SM) Issues Quarterly Earnings Results

SM Energy (NYSE:SM) released its quarterly 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 net margin of 28.63% and a return on equity of 20.30%. The firm had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million.

SM Energy Price Performance

NYSE:SM opened at $35.90 on Friday. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $39.76 and a 200 day simple moving average of $41.80. SM Energy has a 1-year low of $35.87 and a 1-year high of $53.26. The stock has a market capitalization of $4.11 billion, a PE ratio of 5.36 and a beta of 4.11.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, January 24th. SM Energy’s payout ratio is presently 11.98%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SM shares. Mizuho cut their target price on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Truist Financial upped their target price on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Susquehanna decreased their price target on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, StockNews.com upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.90.

About SM Energy

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.