Shares of SM Energy (NYSE:SM – Get Free Report) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.40.
A number of brokerages have weighed in on SM. Royal Bank of Canada reissued a “sector perform” rating and set a $54.00 target price on shares of SM Energy in a research note on Tuesday, July 9th. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of SM Energy in a research report on Thursday, June 27th. Truist Financial reduced their target price on SM Energy from $46.00 to $38.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Tudor Pickering raised shares of SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. Finally, StockNews.com cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 13th.
Check Out Our Latest Report on SM Energy
Hedge Funds Weigh In On SM Energy
SM Energy Stock Up 2.2 %
Shares of SM opened at $45.08 on Friday. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 7.07 and a beta of 4.18. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The stock’s 50-day moving average price is $42.72 and its 200-day moving average price is $46.33. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.
SM Energy (NYSE:SM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. The business had revenue of $634.56 million for the quarter, compared to analysts’ expectations of $616.63 million. During the same quarter last year, the company earned $1.28 EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts predict that SM Energy will post 7.08 EPS for the current year.
SM Energy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 25th will be issued a $0.20 dividend. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.77%. SM Energy’s dividend payout ratio is presently 12.54%.
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.
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