SM Energy (NYSE:SM) Issues Earnings Results, Beats Estimates By $0.10 EPS

SM Energy (NYSE:SM) released its quarterly earnings data on Wednesday. The energy company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10, Zacks reports. SM Energy had a return on equity of 16.67% and a net margin of 22.03%.The business had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $764.40 million. During the same period in the prior year, the firm posted $1.91 EPS. The firm’s quarterly revenue was down 17.3% on a year-over-year basis.

SM Energy Price Performance

NYSE SM opened at $22.08 on Thursday. The business’s fifty day moving average is $19.65 and its 200 day moving average is $21.87. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $33.46. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.56 and a current ratio of 0.56. The company has a market capitalization of $2.53 billion, a PE ratio of 3.48 and a beta of 1.14.

SM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Friday, December 26th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, December 26th. SM Energy’s dividend payout ratio (DPR) is currently 12.62%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Summit Global Investments lifted its holdings in shares of SM Energy by 1.1% in the fourth quarter. Summit Global Investments now owns 46,417 shares of the energy company’s stock worth $868,000 after buying an additional 489 shares in the last quarter. State of Wyoming increased its holdings in SM Energy by 22.2% in the 4th quarter. State of Wyoming now owns 2,748 shares of the energy company’s stock valued at $51,000 after acquiring an additional 499 shares during the last quarter. Global Retirement Partners LLC increased its holdings in SM Energy by 62.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,386 shares of the energy company’s stock valued at $26,000 after acquiring an additional 535 shares during the last quarter. Tidal Investments LLC lifted its stake in SM Energy by 1.8% in the 2nd quarter. Tidal Investments LLC now owns 42,579 shares of the energy company’s stock worth $1,052,000 after purchasing an additional 750 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of SM Energy by 0.9% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 101,932 shares of the energy company’s stock valued at $2,637,000 after purchasing an additional 880 shares during the last quarter. 94.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SM has been the subject of several research analyst reports. Susquehanna reduced their price objective on SM Energy from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Royal Bank Of Canada reduced their price target on shares of SM Energy from $35.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 13th. Roth Mkm reissued a “buy” rating and set a $24.00 price objective on shares of SM Energy in a report on Wednesday, February 18th. Siebert Williams Shank downgraded shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SM Energy in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SM Energy presently has an average rating of “Hold” and an average target price of $32.20.

SM Energy Company Profile

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.