SM Energy (NYSE:SM) Issues Quarterly Earnings Results

SM Energy (NYSE:SM) issued its quarterly earnings data on Wednesday. The energy company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.28, Briefing.com reports. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. The company had revenue of $634.56 million for the quarter, compared to analysts’ expectations of $616.63 million. During the same quarter in the previous year, the firm posted $1.28 earnings per share. The firm’s quarterly revenue was up 15.2% on a year-over-year basis.

SM Energy Stock Down 0.3 %

SM stock traded down $0.13 during mid-day trading on Friday, hitting $43.11. 1,979,803 shares of the company were exchanged, compared to its average volume of 1,766,214. The firm has a fifty day simple moving average of $45.51 and a 200 day simple moving average of $45.77. The company has a market capitalization of $4.96 billion, a PE ratio of 6.76 and a beta of 4.20. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

SM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 5th. Shareholders of record on Friday, July 19th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $0.72 dividend on an annualized basis and a yield of 1.67%. SM Energy’s dividend payout ratio (DPR) is 11.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com raised SM Energy from a “hold” rating to a “buy” rating in a research report on Friday. Truist Financial reduced their target price on shares of SM Energy from $49.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 22nd. KeyCorp upped their target price on shares of SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of SM Energy in a research note on Thursday, June 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $54.00 price objective on shares of SM Energy in a report on Tuesday, July 9th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.44.

Insider Activity

In other SM Energy news, SVP Kenneth J. Knott sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $50.28, for a total transaction of $804,480.00. Following the sale, the senior vice president now owns 114,495 shares in the company, valued at $5,756,808.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.