Capital One Financial Predicts Weaker Earnings for SM Energy

SM Energy (NYSE:SM) – Analysts at Capital One Financial decreased their FY2024 earnings per share estimates for shares of SM Energy in a report issued on Tuesday, November 5th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of $6.69 per share for the year, down from their prior forecast of $6.82. The consensus estimate for SM Energy’s current full-year earnings is $7.05 per share. Capital One Financial also issued estimates for SM Energy’s Q4 2024 earnings at $1.81 EPS.

SM has been the topic of a number of other research reports. Mizuho reduced their price objective on SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $50.00 target price on shares of SM Energy in a report on Tuesday, October 8th. Susquehanna dropped their target price on SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com cut SM Energy from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. lifted their target price on SM Energy from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.73.

SM Energy Stock Performance

NYSE:SM opened at $41.07 on Wednesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 1.29. SM Energy has a 1 year low of $34.13 and a 1 year high of $53.26. The stock’s 50 day simple moving average is $42.31 and its two-hundred day simple moving average is $45.19. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 5.71 and a beta of 4.18.

SM Energy (NYSE:SM) last released its quarterly earnings data 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. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. The business had revenue of $643.60 million for the quarter, compared to the consensus estimate of $643.67 million. During the same quarter in the previous year, the company posted $1.73 EPS. The company’s revenue was up .4% compared to the same quarter last year.

Hedge Funds Weigh In On SM Energy

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in SM Energy by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock valued at $274,161,000 after acquiring an additional 384,675 shares during the period. American Century Companies Inc. lifted its holdings in shares of SM Energy by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 2,361,149 shares of the energy company’s stock worth $102,072,000 after buying an additional 28,005 shares during the period. River Road Asset Management LLC lifted its holdings in shares of SM Energy by 0.7% in the 3rd quarter. River Road Asset Management LLC now owns 1,792,573 shares of the energy company’s stock worth $71,649,000 after buying an additional 12,669 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of SM Energy by 10.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock worth $73,920,000 after buying an additional 157,923 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SM Energy by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock worth $57,739,000 after buying an additional 4,611 shares during the period. Hedge funds and other institutional investors own 94.56% of the company’s stock.

SM Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 4th. Investors of record on Friday, October 25th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 1.95%. This is a boost from SM Energy’s previous quarterly dividend of $0.18. SM Energy’s payout ratio is presently 11.17%.

SM Energy Company Profile

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.