SM Energy (NYSE:SM) Announces Earnings Results

SM Energy (NYSE:SM) released its quarterly earnings results on Wednesday. The energy company reported $1.91 EPS for the quarter, missing analysts’ consensus estimates of $2.00 by ($0.09), Zacks reports. SM Energy had a net margin of 33.89% and a return on equity of 19.62%.

SM Energy Stock Up 0.6 %

Shares of SM Energy stock traded up $0.22 during midday trading on Wednesday, hitting $38.84. The company had a trading volume of 2,488,276 shares, compared to its average volume of 1,499,570. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market capitalization of $4.44 billion, a P/E ratio of 5.42 and a beta of 4.11. The company has a 50 day moving average of $39.88 and a 200 day moving average of $41.86. SM Energy has a 52-week low of $36.13 and a 52-week high of $53.26.

SM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. SM Energy’s payout ratio is currently 11.17%.

Analysts Set New Price Targets

A number of research firms have commented on SM. Truist Financial upped their price target on 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 reduced their target price 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. Susquehanna reduced their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Stephens reiterated an “overweight” rating and set a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. Finally, Mizuho reduced their target price on SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.90.

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.