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

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

SM Energy Trading Up 0.6 %

Shares of NYSE SM traded up $0.22 during midday trading on Wednesday, reaching $38.84. The company had a trading volume of 2,488,276 shares, compared to its average volume of 1,499,570. SM Energy has a one year low of $36.13 and a one year high of $53.26. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. The firm’s fifty day moving average price is $39.88 and its 200-day moving average price is $41.86. The stock has a market cap of $4.44 billion, a PE ratio of 5.42 and a beta of 4.11.

SM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is presently 11.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SM shares. Mizuho dropped their price target on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Susquehanna dropped their price target on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price target on 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 lifted their price target on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Finally, Stephens reaffirmed an “overweight” rating and set a $57.00 price target on shares of SM Energy in a research note on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy Company Profile

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.