SM Energy (SM) Projected to Post Quarterly Earnings on Wednesday

SM Energy (NYSE:SM) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $2.00 per share and revenue of $849.44 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

SM Energy Stock Performance

SM Energy stock opened at $40.59 on Wednesday. The business has a 50 day moving average of $40.11 and a 200-day moving average of $42.06. The company has a market capitalization of $4.64 billion, a P/E ratio of 5.67 and a beta of 4.11. SM Energy has a 1 year low of $36.13 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52.

SM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, January 24th. SM Energy’s payout ratio is currently 11.17%.

Analyst Upgrades and Downgrades

SM has been the topic of several analyst reports. Stephens reissued an “overweight” rating and issued a $57.00 price objective on shares of SM Energy in a research note on Thursday, January 2nd. Truist Financial raised their price objective on SM Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Wells Fargo & Company reduced their target price on SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Susquehanna lowered their price target on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, KeyCorp reduced their price objective on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SM Energy currently has an average rating of “Moderate Buy” and a consensus target price of $51.90.

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.