SM Energy (SM) to Issue Quarterly Dividend of $0.20 on February 3rd

SM Energy (NYSE:SMGet Free Report) declared a quarterly dividend on Thursday, December 26th,RTT News reports. Shareholders of record on Friday, January 24th will be paid a dividend of 0.20 per share by the energy company on Monday, February 3rd. This represents a $0.80 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, January 24th.

SM Energy has increased its dividend payment by an average of 233.2% per year over the last three years. SM Energy has a dividend payout ratio of 10.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SM Energy to earn $7.62 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.5%.

SM Energy Stock Performance

Shares of SM stock opened at $41.86 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.52 and a current ratio of 3.52. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 5.85 and a beta of 4.14. SM Energy has a one year low of $34.90 and a one year high of $53.26. The company’s 50-day simple moving average is $41.74 and its 200-day simple moving average is $42.72.

SM Energy (NYSE:SMGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.10. The company had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. SM Energy had a net margin of 33.89% and a return on equity of 19.62%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm posted $1.73 EPS. Equities analysts anticipate that SM Energy will post 6.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and reduced their target price for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. Stephens reissued an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a report on Thursday, January 2nd. Truist Financial raised their target price on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company decreased their price target on SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $53.00 price target (up from $51.00) on shares of SM Energy in a report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.90.

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About SM Energy

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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.

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Dividend History for SM Energy (NYSE:SM)

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