SM Energy (NYSE:SM – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $51.40.
A number of brokerages have commented on SM. 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 report on Monday, September 30th. Wells Fargo & Company decreased their price objective on SM Energy from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 1st. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of SM Energy in a research report on Thursday, June 27th. Tudor, Pickering, Holt & Co. raised shares of SM Energy from a “hold” rating to a “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 note on Friday, September 13th.
Get Our Latest Stock Analysis on SM Energy
Hedge Funds Weigh In On SM Energy
SM Energy Price Performance
Shares of NYSE SM opened at $45.55 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a fifty day moving average of $42.75 and a 200 day moving average of $46.19. The firm has a market cap of $5.21 billion, a PE ratio of 6.55 and a beta of 4.18. SM Energy has a one year low of $34.13 and a one year high of $53.26.
SM Energy (NYSE:SM – Get Free Report) last released its earnings results 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 during the quarter, compared to analysts’ expectations of $616.63 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, research analysts predict that SM Energy will post 6.96 EPS for the current fiscal year.
SM Energy Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 25th will be paid a dividend of $0.20 per share. This is a boost from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, October 25th. This represents a $0.80 annualized dividend and a yield of 1.76%. SM Energy’s dividend payout ratio (DPR) is 10.36%.
SM Energy Company Profile
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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