SM Energy Company (SM) To Go Ex-Dividend on September 4th

SM Energy Company (NYSE:SM) declared a quarterly dividend on Monday, August 24th. Stockholders of record on Monday, September 7th will be paid a dividend of 0.22 per share by the energy company on Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, September 4th.

SM Energy has raised its dividend by an average of 1.2%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. SM Energy has a dividend payout ratio of 15.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect SM Energy to earn $8.32 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 10.6%.

SM Energy Trading Down 2.1%

NYSE:SM opened at $35.71 on Wednesday. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $38.25. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $8.49 billion, a PE ratio of 7.03 and a beta of 0.73. The business’s 50-day simple moving average is $30.49 and its 200-day simple moving average is $29.10.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, August 5th. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.23. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.02 billion. SM Energy had a return on equity of 17.93% and a net margin of 18.20%.SM Energy’s revenue for the quarter was up 215.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. Sell-side analysts expect that SM Energy will post 7.36 earnings per share for the current fiscal year.

About SM Energy

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.