SM Energy (NYSE:SM) Declares Quarterly Dividend of $0.20

SM Energy (NYSE:SM) announced a quarterly dividend on Thursday, December 26th,RTT News reports. Shareholders of record on Friday, January 24th will be paid a dividend of 0.20 per share by the energy company on Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, January 24th.

SM Energy has raised its dividend by an average of 233.2% annually over the last three years. SM Energy has a dividend payout ratio of 10.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect SM Energy to earn $7.62 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.5%.

SM Energy Stock Down 3.1 %

NYSE:SM opened at $41.86 on Wednesday. The business’s fifty day moving average price is $41.74 and its 200 day moving average price is $42.72. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 5.85 and a beta of 4.14. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a 1-year low of $34.90 and a 1-year high of $53.26.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The company had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter in the prior year, the company earned $1.73 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts forecast that SM Energy will post 6.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SM has been the subject of a number of research reports. BMO Capital Markets reduced their price objective on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Susquehanna dropped their price objective on SM Energy from $48.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company reduced their target price on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Truist Financial raised their price target on shares of SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a report on Monday, January 13th. Finally, Mizuho lowered their target price on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.90.

About SM Energy

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.