SM Energy (NYSE:SM – Get Rating) – Stock analysts at Capital One Financial issued their Q1 2023 earnings per share (EPS) estimates for SM Energy in a research note issued to investors on Wednesday, May 18th. Capital One Financial analyst B. Velie anticipates that the energy company will post earnings per share of $2.91 for the quarter.
SM Energy (NYSE:SM – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The energy company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). SM Energy had a net margin of 11.07% and a return on equity of 26.11%. The company had revenue of $859.78 million for the quarter, compared to analysts’ expectations of $765.23 million. The firm’s revenue was up 93.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) earnings per share.
SM has been the subject of a number of other research reports. StockNews.com initiated coverage on shares of SM Energy in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company boosted their price target on shares of SM Energy from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Zacks Investment Research cut shares of SM Energy from a “strong-buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research note on Tuesday, March 22nd. Barclays raised their price objective on shares of SM Energy from $23.00 to $39.00 in a research report on Friday, March 18th. Finally, KeyCorp lifted their target price on SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $47.56.
SM stock opened at $37.55 on Friday. SM Energy has a 1 year low of $14.79 and a 1 year high of $43.69. The firm has a market cap of $4.58 billion, a P/E ratio of 14.28 and a beta of 5.19. The stock’s 50 day moving average price is $38.22 and its 200 day moving average price is $35.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.72 and a current ratio of 0.72.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its position in shares of SM Energy by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 48,711 shares of the energy company’s stock worth $1,897,000 after buying an additional 284 shares during the period. Louisiana State Employees Retirement System raised its position in SM Energy by 0.5% in the first quarter. Louisiana State Employees Retirement System now owns 59,100 shares of the energy company’s stock worth $2,382,000 after acquiring an additional 300 shares during the period. Eaton Vance Management lifted its position in shares of SM Energy by 3.8% during the 1st quarter. Eaton Vance Management now owns 8,361 shares of the energy company’s stock valued at $326,000 after buying an additional 309 shares during the last quarter. Advisor Partners LLC lifted its stake in shares of SM Energy by 4.7% during the 1st quarter. Advisor Partners LLC now owns 8,341 shares of the energy company’s stock valued at $325,000 after buying an additional 372 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in SM Energy by 2.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 16,596 shares of the energy company’s stock worth $489,000 after purchasing an additional 431 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP David J. Whitcomb sold 9,254 shares of the stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $39.45, for a total transaction of $365,070.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David J. Whitcomb sold 44,771 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $41.79, for a total value of $1,870,980.09. Following the sale, the vice president now owns 39,925 shares in the company, valued at approximately $1,668,465.75. The disclosure for this sale can be found here. Insiders sold a total of 110,333 shares of company stock worth $4,511,905 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.
The business also recently announced a Semi-Annual dividend, which was paid on Friday, May 6th. Shareholders of record on Friday, April 22nd were paid a $0.01 dividend. This represents a yield of 0.1%. The ex-dividend date was Thursday, April 21st. SM Energy’s payout ratio is 0.76%.
SM Energy Company Profile (Get Rating)
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.
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