SM Energy - SM Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SM Energy in the last twelve months. There are currently 1 sell rating, 6 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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12 Wall Street research analysts have issued 1-year price targets 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 $41.73 in the next twelve months. This suggests a possible upside of 58.8% from the stock's current price.
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SM Energy's stock was trading at $34.83 on January 1st, 2023. Since then, SM shares have decreased by 24.5% and is now trading at $26.28.
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SM Energy saw a decrease in short interest in February. As of February 28th, there was short interest totaling 4,540,000 shares, a decrease of 25.7% from the February 13th total of 6,110,000 shares. Based on an average trading volume of 1,770,000 shares, the days-to-cover ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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SM Energy (NYSE:SM) posted its quarterly earnings data on Wednesday, February, 22nd. The energy company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.08. The energy company had revenue of $671.32 million for the quarter, compared to analysts' expectations of $614.72 million. SM Energy had a trailing twelve-month return on equity of 34.40% and a net margin of 33.11%. The company's revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 EPS.

SM Energy announced a Semi-Annual dividend on Thursday, December 29th. Stockholders of record on Friday, January 20th will be given a dividend of $0.15 per share on Monday, February 6th. This represents a yield of 0.9%. The ex-dividend date is Thursday, January 19th.
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), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco Dynamic Energy Exploration & Production ETF (PXE), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH).

SM Energy (NYSE:SM) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.10%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 3.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SM will have a dividend payout ratio of 4.28% 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 Dimensional Fund Advisors LP (3.19%), JPMorgan Chase & Co. (2.12%), Geode Capital Management LLC (1.79%), River Road Asset Management LLC (1.69%), Marshall Wace LLP (1.54%) and Renaissance Technologies LLC (1.25%). 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 $26.28.

SM Energy (NYSE:SM) has a market capitalization of $3.20 billion and generates $3.36 billion in revenue each year. The energy company earns $1.11 billion in net income (profit) each year or $8.95 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.