Capital One Financial Lifts Earnings Estimates for SM Energy

SM Energy (NYSE:SM) – Capital One Financial increased their FY2024 EPS estimates for shares of SM Energy in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the energy company will earn $6.72 per share for the year, up from their previous forecast of $6.69. The consensus estimate for SM Energy’s current full-year earnings is $6.77 per share. Capital One Financial also issued estimates for SM Energy’s Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.95 EPS, Q2 2025 earnings at $1.87 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.94 EPS, FY2025 earnings at $7.69 EPS and FY2026 earnings at $6.69 EPS.

Several other analysts have also recently weighed in on the stock. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and dropped their price target for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. BMO Capital Markets decreased their price target on SM Energy from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. 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. Wells Fargo & Company decreased their target price on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $53.00 price target (up from $51.00) on shares of SM Energy in a research note on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.90.

SM Energy Stock Up 0.8 %

SM opened at $43.68 on Monday. The company has a 50-day moving average price of $41.70 and a 200 day moving average price of $42.75. SM Energy has a twelve month low of $34.76 and a twelve month high of $53.26. The company has a market cap of $5.00 billion, a PE ratio of 6.10 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, October 31st. The energy company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.10. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The firm had revenue of $643.60 million for the quarter, compared to analysts’ expectations of $643.67 million. During the same period last year, the firm earned $1.73 EPS. The company’s quarterly revenue was up .4% on a year-over-year basis.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, January 24th. SM Energy’s dividend payout ratio is presently 11.17%.

Hedge Funds Weigh In On SM Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Plato Investment Management Ltd boosted its holdings in shares of SM Energy by 461.9% in the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock valued at $26,000 after acquiring an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in SM Energy in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. boosted its holdings in SM Energy by 3,434.5% in the 3rd quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock valued at $44,000 after purchasing an additional 996 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of SM Energy during the 3rd quarter worth approximately $55,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of SM Energy by 3,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after buying an additional 1,403 shares during the period. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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.