SM Energy - SM Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SM Energy in the last year. There are currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SM shares.
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8 brokerages have issued twelve-month target prices for SM Energy's stock. Their SM share price forecasts range from $42.00 to $65.00. On average, they expect the company's share price to reach $52.44 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
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SM Energy's stock was trading at $29.48 at the beginning of 2022. Since then, SM shares have increased by 48.2% and is now trading at $43.70.
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SM Energy saw a decrease in short interest in the month of October. As of October 15th, there was short interest totaling 4,840,000 shares, a decrease of 23.3% from the September 30th total of 6,310,000 shares. Based on an average daily trading volume, of 1,670,000 shares, the days-to-cover ratio is currently 2.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our SM earnings forecast.

SM Energy (NYSE:SM) released its earnings results on Friday, October, 29th. The energy company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.60. The energy company had revenue of $760.20 million for the quarter, compared to analysts' expectations of $520.81 million. SM Energy had a trailing twelve-month return on equity of 37.36% and a net margin of 36.09%. The company's revenue was up 170.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share.

SM Energy announced a Semi-Annual dividend on Wednesday, September 7th. Investors of record on Tuesday, October 25th will be paid a dividend of $0.15 per share on Monday, November 7th. This represents a dividend yield of 0.7%. The ex-dividend date is Monday, October 24th. This is an increase from the stock's previous Semi-Annual dividend of $0.01.
Read our dividend analysis for SM.

SM Energy (NYSE:SM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.37%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SM will have a dividend payout ratio of 7.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SM.

36 employees have rated SM Energy Chief Executive Officer Jay Ottoson on Glassdoor.com. Jay Ottoson has an approval rating of 31% among the company's employees. This puts Jay Ottoson in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other SM Energy investors own include Callon Petroleum (CPE), InterDigital (IDCC), Whiting Petroleum (WLL), Boeing (BA), Bank of Hawaii (BOH), Oasis Petroleum (OAS), Proofpoint (PFPT), Devon Energy (DVN), Matador Resources (MTDR) and Intel (INTC).

SM Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "SM."

SM Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.52%), Vanguard Group Inc. (12.31%), State Street Corp (4.75%), Dimensional Fund Advisors LP (3.29%), Frontier Capital Management Co. LLC (1.79%) and Marshall Wace LLP (1.73%). Insiders that own company stock include Anshul Sadana, David J Whitcomb, David W Copeland, Julio M Quintana, Kenneth J Knott, Mary Ellen Lutey, Patrick A Lytle, Ramiro G Peru, Rose M Robeson and William D Sullivan.
View institutional ownership trends.

Shares of SM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SM stock can currently be purchased for approximately $43.70.

SM Energy (NYSE:SM) has a market capitalization of $5.37 billion and generates $2.62 billion in revenue each year. The energy company earns $36.23 million in net income (profit) each year or $10.29 on an earnings per share basis.

The company employs 506 workers across the globe.

SM Energy's mailing address is 1775 SHERMAN STREET SUITE 1200, DENVER CO, 80203. The official website for the company is www.sm-energy.com. The energy company can be reached via phone at (303) 861-8140, via email at ir@sm-energy.com, or via fax at 303-861-0934.