SM Energy (NYSE:SM) Announces Quarterly Earnings Results

SM Energy (NYSE:SM) issued its quarterly earnings data on Wednesday. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09), Zacks reports. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The business had revenue of $852.22 million for the quarter, compared to the consensus estimate of $849.44 million.

SM Energy Price Performance

Shares of NYSE SM traded down $1.19 during midday trading on Thursday, reaching $37.64. 437,576 shares of the company were exchanged, compared to its average volume of 1,465,934. SM Energy has a one year low of $36.13 and a one year high of $53.26. The stock has a market cap of $4.31 billion, a P/E ratio of 5.38 and a beta of 4.11. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The stock’s 50-day moving average price is $39.83 and its 200-day moving average price is $41.84.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio is presently 11.17%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SM. Truist Financial upped their price objective 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. Mizuho decreased their price target on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. reaffirmed 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. Stephens restated an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a research report on Thursday, January 2nd. Finally, Susquehanna reduced their price objective 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. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and an average target price 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.