SM Energy (NYSE:SM – Get Free Report) announced its earnings results on Thursday. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10, Briefing.com reports. The firm had revenue of $643.60 million for the quarter, compared to analyst estimates of $643.67 million. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. SM Energy’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share.
SM Energy Stock Performance
SM traded down $1.69 on Friday, hitting $40.28. 3,384,701 shares of the stock traded hands, compared to its average volume of 1,741,451. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.61 billion, a PE ratio of 5.63 and a beta of 4.18. The business has a fifty day moving average price of $42.43 and a two-hundred day moving average price of $45.30.
SM Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Friday, October 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.99%. This is a positive change from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, October 25th. SM Energy’s payout ratio is currently 11.17%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on SM
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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