SM Energy (NYSE:SM) Releases Earnings Results, Misses Estimates By $0.09 EPS

SM Energy (NYSE:SM) issued its quarterly earnings data on Wednesday. The energy company reported $1.91 earnings per share for the quarter, missing the consensus estimate of $2.00 by ($0.09), Zacks reports. The business had revenue of $852.22 million during the quarter, compared to the consensus estimate of $849.44 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%.

SM Energy Stock Performance

NYSE:SM traded down $1.19 during trading hours on Thursday, reaching $37.64. The stock had a trading volume of 437,576 shares, compared to its average volume of 1,465,934. SM Energy has a 12-month low of $36.13 and a 12-month high of $53.26. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a 50 day simple moving average of $39.83 and a 200 day simple moving average of $41.84. The stock has a market cap of $4.31 billion, a P/E ratio of 5.38 and a beta of 4.11.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio is 11.17%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SM. Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Susquehanna decreased their price objective on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Mizuho dropped their target price on shares of SM Energy from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price objective (up from $51.00) on shares of SM Energy in a research report on Wednesday, December 4th. Finally, Stephens reiterated an “overweight” rating and issued a $57.00 target price on shares of SM Energy in a report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SM Energy has a consensus rating of “Moderate Buy” and a consensus 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.