SM Energy (NYSE:SM - Get Free Report) released its earnings results 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. The company had revenue of $852.22 million during the quarter, compared to analyst estimates of $849.44 million. SM Energy had a net margin of 28.63% and a return on equity of 20.30%.
SM Energy Stock Down 7.4 %
Shares of NYSE SM traded down $2.74 during midday trading on Friday, reaching $34.37. The company's stock had a trading volume of 4,711,870 shares, compared to its average volume of 1,686,046. 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 fifty-two week low of $34.06 and a fifty-two week high of $53.26. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 5.15 and a beta of 4.11. The stock has a 50 day simple moving average of $39.64 and a 200-day simple moving average of $41.77.
SM Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors 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 2.33%. The ex-dividend date was Friday, January 24th. SM Energy's dividend payout ratio is presently 11.98%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Truist Financial increased their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company cut their target price 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. Stephens reissued an "overweight" rating and issued a $57.00 price target on shares of SM Energy in a report on Thursday, January 2nd. StockNews.com raised SM Energy from a "hold" rating to a "buy" rating in a research note on Thursday. Finally, Susquehanna dropped their price objective on SM Energy from $48.00 to $46.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, SM Energy presently has an average rating of "Moderate Buy" and a consensus price target of $51.90.
Read Our Latest Research Report on SM
About SM Energy
(
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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.
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