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

SM Energy (NYSE:SM) – Capital One Financial cut their Q1 2024 earnings per share estimates for SM Energy in a research note issued to investors on Wednesday, April 17th. Capital One Financial analyst B. Velie now anticipates 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.

A number of other research firms have also recently commented on SM. Mizuho increased their price target on SM Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Raymond James decreased their price target on SM Energy from $53.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, January 8th. Seaport Res Ptn upgraded SM Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. KeyCorp increased their price target on SM Energy from $51.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price target on SM Energy from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, SM Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.86.

SM Energy Trading Up 0.1 %

SM Energy stock opened at $48.09 on Friday. The stock has a 50-day moving average of $46.20 and a two-hundred day moving average of $40.92. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. SM Energy has a one year low of $25.03 and a one year high of $53.26. The stock has a market cap of $5.57 billion, a PE ratio of 7.00 and a beta of 4.20.

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

SM Energy Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SM. PNC Financial Services Group Inc. lifted its holdings in SM Energy by 41.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,075 shares of the energy company’s stock valued at $314,000 after acquiring an additional 2,348 shares during the period. Natixis Advisors L.P. increased its position in shares of SM Energy by 28.4% in the first quarter. Natixis Advisors L.P. now owns 20,390 shares of the energy company’s stock valued at $794,000 after buying an additional 4,513 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of SM Energy by 55.1% in the first quarter. MetLife Investment Management LLC now owns 63,571 shares of the energy company’s stock valued at $2,476,000 after buying an additional 22,582 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of SM Energy by 2.5% in the first quarter. Great West Life Assurance Co. Can now owns 110,627 shares of the energy company’s stock valued at $4,431,000 after buying an additional 2,680 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new stake in shares of SM Energy in the first quarter valued at approximately $1,226,000. 94.56% of the stock is owned by institutional investors and hedge funds.

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.