SM Energy (NYSE:SM - Free Report) - Capital One Financial boosted their FY2024 EPS estimates for shares of SM Energy in a research report issued to clients and investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $6.72 for the year, up from their previous estimate of $6.69. The consensus estimate for SM Energy's current full-year earnings is $6.77 per share. Capital One Financial also issued estimates for SM Energy's Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.95 EPS, Q2 2025 earnings at $1.87 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.94 EPS, FY2025 earnings at $7.69 EPS and FY2026 earnings at $6.69 EPS.
SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million during the quarter, compared to analyst estimates of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 earnings per share.
SM has been the subject of a number of other reports. Mizuho lowered their price objective on shares of SM Energy from $57.00 to $55.00 and set an "outperform" rating for the company in a report on Monday, December 16th. TD Cowen raised shares of SM Energy from a "hold" rating to a "buy" rating and lowered their price target for the stock from $64.00 to $60.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $53.00 price objective (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Wells Fargo & Company decreased their price objective on 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, Truist Financial dropped their target price on SM Energy from $46.00 to $38.00 and set a "hold" rating for the company in a report on Monday, September 30th. Seven equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, SM Energy has a consensus rating of "Moderate Buy" and a consensus target price of $51.20.
View Our Latest Analysis on SM
SM Energy Stock Performance
NYSE:SM opened at $43.42 on Monday. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 6.06 and a beta of 4.14. The business has a 50 day moving average of $41.65 and a 200 day moving average of $42.75. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. SM Energy has a 1-year low of $34.76 and a 1-year high of $53.26.
SM Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.80 annualized dividend and a yield of 1.84%. SM Energy's dividend payout ratio (DPR) is presently 11.17%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in SM Energy by 135.5% in the second quarter. Federated Hermes Inc. now owns 379,660 shares of the energy company's stock worth $16,413,000 after purchasing an additional 218,428 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of SM Energy by 18.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,902 shares of the energy company's stock worth $515,000 after buying an additional 1,884 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SM Energy by 15.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 566,099 shares of the energy company's stock worth $24,472,000 after acquiring an additional 75,754 shares in the last quarter. Plato Investment Management Ltd lifted its position in SM Energy by 461.9% during the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company's stock valued at $26,000 after acquiring an additional 485 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in SM Energy by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company's stock worth $274,161,000 after acquiring an additional 384,675 shares in the last quarter. Hedge funds and other institutional investors own 94.56% of the company's stock.
SM Energy Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider SM Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SM Energy wasn't on the list.
While SM Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
