Capital One Financial Analysts Raise Earnings Estimates for SM Energy (NYSE:SM)

SM Energy (NYSE:SM - Free Report) - Capital One Financial increased their FY2025 earnings per share estimates for SM Energy in a research report issued to clients and investors on Wednesday, April 17th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings of $7.20 per share for the year, up from their previous estimate of $7.08. The consensus estimate for SM Energy's current full-year earnings is $6.21 per share.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.17. The company had revenue of $608.73 million during the quarter, compared to analyst estimates of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS.

Other equities analysts have also recently issued research reports about the stock. Susquehanna boosted their price objective on shares of SM Energy from $38.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. Royal Bank of Canada reiterated a "sector perform" rating and set a $45.00 price target on shares of SM Energy in a research report on Monday, February 5th. Seaport Res Ptn raised shares of SM Energy from a "neutral" rating to a "buy" rating in a research note on Wednesday, January 31st. Wells Fargo & Company lifted their target price on shares of SM Energy from $45.00 to $51.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Raymond James cut their target price on shares of SM Energy from $53.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, SM Energy has an average rating of "Moderate Buy" and a consensus price target of $50.86.

SM Energy Price Performance

NYSE SM traded down $1.26 during trading hours on Thursday, hitting $48.03. The company had a trading volume of 1,300,742 shares, compared to its average volume of 1,590,986. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 6.99 and a beta of 4.20. SM Energy has a 52 week low of $25.03 and a 52 week high of $53.26. The firm has a 50 day simple moving average of $45.76 and a 200 day simple moving average of $40.78.

Institutional Investors Weigh In On SM Energy

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in SM Energy by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,111,503 shares of the energy company's stock valued at $568,344,000 after acquiring an additional 224,029 shares in the last quarter. State Street Corp increased its stake in SM Energy by 13.7% in the 1st quarter. State Street Corp now owns 7,002,705 shares of the energy company's stock worth $272,755,000 after buying an additional 842,589 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in SM Energy by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,509,379 shares of the energy company's stock valued at $213,326,000 after acquiring an additional 493,427 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of SM Energy by 35.4% in the first quarter. Goldman Sachs Group Inc. now owns 3,249,967 shares of the energy company's stock valued at $126,586,000 after acquiring an additional 849,019 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of SM Energy by 3.6% in the first quarter. Geode Capital Management LLC now owns 2,277,349 shares of the energy company's stock worth $64,130,000 after acquiring an additional 79,806 shares during the period. 94.56% of the stock is owned by hedge funds and other institutional investors.

SM Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. SM Energy's dividend payout ratio (DPR) is currently 10.48%.

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.