Capital One Financial Research Analysts Cut Earnings Estimates for SM Energy (NYSE:SM)

SM Energy (NYSE:SMFree Report) – Research analysts at Capital One Financial reduced their Q1 2024 earnings estimates for SM Energy in a research note issued to investors on Wednesday, April 17th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings per share of $1.29 for the quarter, down from their prior forecast of $1.34. The consensus estimate for SM Energy’s current full-year earnings is $6.15 per share. Capital One Financial also issued estimates for SM Energy’s Q2 2024 earnings at $1.56 EPS, Q3 2024 earnings at $1.64 EPS, Q4 2024 earnings at $1.71 EPS and FY2024 earnings at $6.19 EPS.

SM Energy (NYSE:SMGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The firm had revenue of $608.73 million for the quarter, compared to the consensus estimate of $611.35 million. During the same period in the prior year, the firm posted $1.29 earnings per share. The company’s revenue for the quarter was down 9.3% on a year-over-year basis.

SM has been the topic of a number of other reports. Wells Fargo & Company raised their target price on shares of SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price target on shares of SM Energy in a research note on Monday, February 5th. Susquehanna lifted their price target on shares of SM Energy from $38.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Seaport Res Ptn raised shares of SM Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, Mizuho lifted their price target on shares of SM Energy from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, SM Energy has an average rating of “Moderate Buy” and a consensus price target of $50.86.

Read Our Latest Analysis on SM Energy

SM Energy Trading Up 0.1 %

Shares of SM opened at $48.09 on Friday. The firm’s 50 day simple moving average is $46.20 and its 200 day simple moving average is $40.92. The company has a market capitalization of $5.57 billion, a P/E ratio of 7.00 and a beta of 4.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45. SM Energy has a 1-year low of $25.03 and a 1-year high of $53.26.

SM Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, April 18th. SM Energy’s dividend payout ratio (DPR) is currently 10.48%.

Institutional Trading of SM Energy

Large investors have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new stake in shares of SM Energy during the 1st quarter valued at $25,000. First Horizon Advisors Inc. bought a new stake in shares of SM Energy during the 1st quarter valued at $25,000. Hexagon Capital Partners LLC boosted its holdings in shares of SM Energy by 509.7% during the 1st quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after buying an additional 474 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of SM Energy during the 3rd quarter valued at $28,000. Finally, IFP Advisors Inc boosted its holdings in shares of SM Energy by 561.7% during the 2nd quarter. IFP Advisors Inc now owns 880 shares of the energy company’s stock valued at $28,000 after buying an additional 747 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

SM Energy Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for SM Energy (NYSE:SM)

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