SM Energy Company Announces Quarterly Dividend of $0.22 (NYSE:SM)

SM Energy Company (NYSE:SM) declared a quarterly dividend on Tuesday, May 26th. Investors of record on Monday, June 8th will be given a dividend of 0.22 per share by the energy company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 8th.

SM Energy has increased its dividend payment by an average of 1.2%annually 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. Equities research analysts expect SM Energy to earn $8.04 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 10.9%.

SM Energy Price Performance

Shares of NYSE SM opened at $31.80 on Wednesday. The business has a 50 day moving average price of $30.15 and a two-hundred day moving average price of $23.66. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $35.88. The firm has a market cap of $7.62 billion, a PE ratio of 13.36 and a beta of 0.73. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.98.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, May 6th. The energy company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.42 billion. SM Energy had a net margin of 3.45% and a return on equity of 13.93%. The business’s quarterly revenue was up 75.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 earnings per share. Sell-side analysts expect that SM Energy will post 7.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

SM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 target price for the company in a research report on Friday, March 20th. Zacks Research lowered SM Energy from a “strong-buy” rating to a “hold” rating in a report on Monday. Susquehanna upped their price objective on SM Energy from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings raised SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Finally, Stephens boosted their price target on SM Energy from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.79.

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.