Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
SM Energy (NYSE:SM - Get Rating) - Investment analysts at Capital One Financial cut their Q3 2022 earnings per share estimates for SM Energy in a research note issued on Tuesday, October 4th. Capital One Financial analyst B. Velie now expects that the energy company will earn $2.14 per share for the quarter, down from their prior estimate of $2.24. The consensus estimate for SM Energy's current full-year earnings is $8.35 per share. Capital One Financial also issued estimates for SM Energy's Q4 2022 earnings at $1.82 EPS, FY2022 earnings at $8.13 EPS, Q1 2023 earnings at $1.74 EPS, Q2 2023 earnings at $1.80 EPS, Q3 2023 earnings at $1.94 EPS, Q4 2023 earnings at $2.10 EPS, FY2023 earnings at $7.58 EPS and FY2024 earnings at $7.96 EPS.
SM Energy (NYSE:SM - Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The energy company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.07. The business had revenue of $992.10 million during the quarter, compared to the consensus estimate of $841.52 million. SM Energy had a return on equity of 36.45% and a net margin of 25.46%.
A number of other equities research analysts have also recently commented on SM. MKM Partners reissued a "buy" rating and issued a $54.00 target price on shares of SM Energy in a research note on Wednesday, July 20th. KeyCorp started coverage on SM Energy in a research note on Monday, September 19th. They issued an "overweight" rating and a $64.00 target price on the stock. Finally, Barclays increased their price objective on SM Energy from $40.00 to $55.00 and gave the company an "underweight" rating in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, SM Energy currently has an average rating of "Moderate Buy" and a consensus target price of $52.22.SM Energy Trading Up 1.9 %
NYSE SM opened at $45.43 on Friday. SM Energy has a 12 month low of $25.23 and a 12 month high of $54.97. The stock has a market cap of $5.57 billion, a P/E ratio of 6.39 and a beta of 4.66. The stock's fifty day moving average price is $41.71 and its 200-day moving average price is $40.16. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in SM. Verition Fund Management LLC raised its stake in SM Energy by 397.4% during the 2nd quarter. Verition Fund Management LLC now owns 38,507 shares of the energy company's stock valued at $1,317,000 after purchasing an additional 30,766 shares during the period. Legal & General Group Plc raised its stake in SM Energy by 1.3% during the 2nd quarter. Legal & General Group Plc now owns 371,968 shares of the energy company's stock valued at $12,717,000 after purchasing an additional 4,696 shares during the period. Centiva Capital LP bought a new stake in SM Energy during the 2nd quarter valued at approximately $661,000. First Republic Investment Management Inc. bought a new stake in SM Energy during the 2nd quarter valued at approximately $5,361,000. Finally, Captrust Financial Advisors raised its stake in SM Energy by 4.9% during the 2nd quarter. Captrust Financial Advisors now owns 13,477 shares of the energy company's stock valued at $461,000 after purchasing an additional 631 shares during the period. Institutional investors own 90.53% of the company's stock. Insiders Place Their Bets
In other SM Energy news, CAO Patrick A. Lytle sold 8,658 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $45.61, for a total value of $394,891.38. Following the transaction, the chief accounting officer now directly owns 12,463 shares of the company's stock, valued at $568,437.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Patrick A. Lytle sold 8,658 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $45.61, for a total value of $394,891.38. Following the transaction, the chief accounting officer now owns 12,463 shares of the company's stock, valued at $568,437.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David W. Copeland sold 10,000 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $46.23, for a total value of $462,300.00. Following the completion of the transaction, the executive vice president now directly owns 228,543 shares in the company, valued at approximately $10,565,542.89. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock. SM Energy Increases Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Monday, November 7th. Shareholders of record on Tuesday, October 25th will be given a $0.15 dividend. This represents a yield of 0.7%. This is a boost from SM Energy's previous Semi-Annual dividend of $0.01. The ex-dividend date is Monday, October 24th. SM Energy's dividend payout ratio (DPR) is presently 0.28%. SM Energy Company Profile (Get Rating)
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.Further ReadingGet a free copy of the StockNews.com research report on SM Energy (SM)3 Stocks With Market-Beating Price PerformanceLucid Motors May Test Investors' Resolve, But Should They Sell? Box Inc. Stock on Track to Become a Q4 WinnerAddentax Price Swings Give Reason To Wait Is Ford's Revenue Enough to Juice its Stock Price?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider SM Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SM Energy wasn't on the list.
While SM Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Kirk McDonald shares three stocks from different industries with different market caps and explains why each is a holding in his portfolio.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.