SM Energy Company Plans Quarterly Dividend of $0.20 (NYSE:SM)

Key Points

• SM Energy Company declared a quarterly dividend of $0.20 per share, with a payment date of November 3rd for investors recorded by October 17th, reflecting an annualized yield of 2.9%.
• The company has a low payout ratio of 14.5%, indicating that its dividend is well-covered by earnings, with expected earnings of $7.95 per share next year.
• SM Energy's stock recently traded at $27.27, with a market capitalization of $3.14 billion and a price-to-earnings ratio of 3.85.

SM Energy Company (NYSE:SM - Get Free Report) declared a quarterly dividend on Thursday, September 25th, RTT News reports. Investors of record on Friday, October 17th will be paid a dividend of 0.20 per share by the energy company on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 2.9%.

SM Energy has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of SM Energy stock traded down $0.06 on Thursday, hitting $27.27. The company's stock had a trading volume of 1,153,367 shares, compared to its average volume of 1,820,670. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 0.69. SM Energy has a 1 year low of $19.67 and a 1 year high of $46.42. The firm has a fifty day moving average price of $27.08 and a 200-day moving average price of $26.03. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 3.85 and a beta of 2.46.

SM Energy (NYSE:SM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.27. SM Energy had a return on equity of 18.06% and a net margin of 25.94%.The firm had revenue of $792.94 million during the quarter, compared to analyst estimates of $792.58 million. During the same quarter in the previous year, the business earned $1.85 EPS. SM Energy's revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that SM Energy will post 8.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SM has been the topic of several research analyst reports. Raymond James Financial cut SM Energy from an "outperform" rating to an "underperform" rating in a report on Tuesday, June 24th. Mizuho lowered their price objective on SM Energy from $44.00 to $39.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Wells Fargo & Company lowered their price objective on SM Energy from $33.00 to $29.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. TD Cowen upgraded SM Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, Susquehanna boosted their target price on SM Energy from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $42.08.

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.

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