SM Energy Company (NYSE:SM) declared a Semi-Annual dividend on Wednesday, September 27th, Zacks reports. Shareholders of record on Friday, October 20th will be paid a dividend of 0.05 per share by the energy company on Wednesday, November 1st. The ex-dividend date is Thursday, October 19th.

SM Energy has a payout ratio of -8.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect SM Energy to earn ($1.03) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -9.7%.

Shares of SM Energy (NYSE SM) traded down 1.39% during trading on Thursday, reaching $18.51. The company’s stock had a trading volume of 440,370 shares. SM Energy has a 12-month low of $12.29 and a 12-month high of $43.09. The stock’s market cap is $2.07 billion. The stock’s 50-day moving average is $14.37 and its 200-day moving average is $18.41.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.32). SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The business had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. During the same quarter last year, the business posted ($0.44) earnings per share. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. Equities research analysts anticipate that SM Energy will post ($1.14) earnings per share for the current fiscal year.

A number of research firms have weighed in on SM. Barclays PLC lowered their price target on SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. Zacks Investment Research downgraded SM Energy from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Bank of America Corporation assumed coverage on SM Energy in a report on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price objective on the stock. Royal Bank Of Canada set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Finally, Credit Suisse Group assumed coverage on SM Energy in a report on Thursday, June 1st. They issued an “outperform” rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $31.73.

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SM Energy Company Profile

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

Dividend History for SM Energy (NYSE:SM)

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