SM Energy (SM) Stock Forecast, Price & News

12 Wall Street 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 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 target prices for SM Energy's stock. Their SM share price forecasts range from $30.00 to $56.00. On average, they expect the company's share price to reach $40.64 in the next twelve months. This suggests a possible upside of 49.6% from the stock's current price.
View analysts price targets for SM or view top-rated stocks among Wall Street analysts.

SM Energy's stock was trading at $34.83 at the start of the year. Since then, SM stock has decreased by 22.0% and is now trading at $27.16.
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SM Energy saw a increase in short interest in April. As of April 30th, there was short interest totaling 5,490,000 shares, an increase of 20.1% from the April 15th total of 4,570,000 shares. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is presently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SM earnings forecast.

SM Energy (NYSE:SM) issued its earnings results on Friday, April, 28th. The energy company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.14. The energy company had revenue of $573.51 million for the quarter, compared to analysts' expectations of $559.37 million. SM Energy had a net margin of 41.07% and a trailing twelve-month return on equity of 28.22%. The business's quarterly revenue was down 33.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.98 EPS.

SM Energy announced a semi-annual dividend on Tuesday, March 28th. Stockholders of record on Friday, April 21st will be paid a dividend of $0.15 per share on Friday, May 5th. This represents a dividend yield of 1.1%. The ex-dividend date is Thursday, April 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), Acquirers Fund ETF (ZIG), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco Dynamic 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) and First Trust Bloomberg Inflation Sensitive Equity ETF (FTIF).

SM Energy (NYSE:SM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.13%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SM will have a dividend payout ratio of 9.30% 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.89%), State Street Corp (5.64%), Dimensional Fund Advisors LP (3.49%), Frontier Capital Management Co. LLC (2.46%), River Road Asset Management LLC (1.92%) and Geode Capital Management LLC (1.89%). 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 $27.16.

SM Energy (NYSE:SM) has a market capitalization of $3.27 billion and generates $3.36 billion in revenue each year. The energy company earns $1.11 billion in net income (profit) each year or $10.18 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.