SM Energy (SM) Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SM Energy in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SM, but not buy additional shares or sell existing shares.
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11 analysts have issued 12 month target prices for SM Energy's shares. Their SM share price forecasts range from $32.00 to $56.00. On average, they predict the company's share price to reach $41.30 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
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SM Energy's stock was trading at $34.83 at the beginning of 2023. Since then, SM stock has increased by 6.8% and is now trading at $37.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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SM Energy (NYSE:SM) issued its quarterly earnings results on Wednesday, August, 2nd. The energy company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.26. The energy company earned $550.75 million during the quarter, compared to analyst estimates of $555.46 million. SM Energy had a trailing twelve-month return on equity of 22.48% and a net margin of 41.36%.

SM Energy declared a semi-annual dividend on Wednesday, June 28th. Investors of record on Friday, July 21st will be given a dividend of $0.15 per share on Monday, August 7th. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, July 20th.
Read our dividend analysis for SM.

ETFs with the largest weight of SM Energy (NYSE:SM) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), The Acquirers Fund (ZIG), Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Natural Gas ETF (FCG), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap Quality ETF (XSHQ) and Euclidean Fundamental Value ETF (ECML).

SM Energy (NYSE:SM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.59%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 6.80%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SM will have a dividend payout ratio of 8.81% 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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (18.05%), State Street Corp (5.60%), Dimensional Fund Advisors LP (3.61%), Frontier Capital Management Co. LLC (2.88%), Geode Capital Management LLC (1.99%) and River Road Asset Management LLC (1.94%). Insiders that own company stock include Anshul Sadana, David J Whitcomb, David W Copeland, Herbert S Vogel, Julio M Quintana, Kenneth J Knott, Mary Ellen Lutey, Patrick A Lytle, Ramiro G Peru, Rose M Robeson and William D Sullivan.
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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 $37.20.

SM Energy (NYSE:SM) has a market capitalization of $4.42 billion and generates $2.61 billion in revenue each year. The energy company earns $1.11 billion in net income (profit) each year or $8.83 on an earnings per share basis.

The company employs 539 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.