SM Energy Company (NYSE:SM - Get Free Report) announced a quarterly dividend on Thursday, June 26th, RTT News reports. Shareholders of record on Friday, July 18th will be given a dividend of 0.20 per share by the energy company on Monday, August 4th. This represents a $0.80 dividend on an annualized basis and a yield of 3.15%.
SM Energy has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SM Energy to earn $7.95 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 10.1%.
SM Energy Trading Up 3.0%
NYSE:SM traded up $0.75 during trading hours on Thursday, hitting $25.43. The stock had a trading volume of 2,004,913 shares, compared to its average volume of 2,013,237. The business's 50 day moving average is $24.31 and its 200-day moving average is $31.15. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 3.46 and a beta of 2.19. SM Energy has a one year low of $19.67 and a one year high of $48.49.
SM Energy (NYSE:SM - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The energy company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.60 by $0.16. SM Energy had a net margin of 27.61% and a return on equity of 19.90%. The business had revenue of $844.54 million for the quarter, compared to analyst estimates of $814.62 million. During the same period last year, the business posted $1.13 earnings per share. The firm's quarterly revenue was up 50.8% on a year-over-year basis. Sell-side analysts anticipate that SM Energy will post 8.1 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Raymond James Financial downgraded SM Energy from an "outperform" rating to an "underperform" rating in a research report on Tuesday. KeyCorp cut their price objective on shares of SM Energy from $60.00 to $36.00 and set an "overweight" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their price objective on shares of SM Energy from $54.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Wall Street Zen lowered shares of SM Energy from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Williams Trading set a $41.00 price target on shares of SM Energy in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $42.08.
View Our Latest Stock Report on SM Energy
Institutional Investors Weigh In On SM Energy
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of SM Energy by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 375,916 shares of the energy company's stock valued at $11,259,000 after buying an additional 4,113 shares during the period. United Services Automobile Association purchased a new position in SM Energy in the first quarter worth $222,000. NewEdge Advisors LLC lifted its holdings in shares of SM Energy by 44.9% in the 1st quarter. NewEdge Advisors LLC now owns 3,248 shares of the energy company's stock worth $97,000 after acquiring an additional 1,007 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of SM Energy by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,111 shares of the energy company's stock valued at $2,040,000 after buying an additional 2,969 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of SM Energy by 43.9% during the first quarter. AQR Capital Management LLC now owns 145,922 shares of the energy company's stock valued at $4,370,000 after purchasing an additional 44,542 shares during the period. Hedge funds and other institutional investors own 94.56% of the company's stock.
About SM Energy
(
Get Free Report)
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.
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