Tag: NYSESM

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Capital One Financial Equities Analysts Decrease Earnings Estimates for SM Energy (NYSE:SM)

Capital One Financial Equities Analysts Decrease Earnings Estimates for SM Energy (NYSE:SM)

SM Energy (NYSE:SM – Get Rating) – Equities research analysts at Capital One Financial cut their Q4 2022 EPS estimates for shares of SM Energy in a report released on Wednesday, November 16th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.57. The consensus estimate for SM Energy’s current full-year earnings is $7.56 per share. Capital One Financial also issued estimates for SM Energy’s FY2024 earnings at $6.91 EPS.

SM has been the subject of several other research reports. KeyCorp started coverage on shares of SM Energy in a report on Monday, September 19th. They issued an “overweight” rating and a $64.00 target price for the company. Barclays dropped their target price on shares of SM Energy from $51.00 to $46.00 and set an “underweight” rating for the company in a report on Wednesday, October 19th. StockNews.com downgraded shares of SM Energy from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Finally, Royal Bank of Canada boosted their price target on shares of SM Energy from $53.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.44.

SM Energy Stock Down 1.3 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

SM Energy stock opened at $45.16 on Friday. SM Energy has a fifty-two week low of $25.23 and a fifty-two week high of $54.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a 50 day moving average price of $43.43 and a 200 day moving average price of $41.30. The company has a market capitalization of $5.55 billion, a PE ratio of 4.39 and a beta of 4.56.

Institutional Investors Weigh In On SM Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in SM Energy by 677.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Global Retirement Partners LLC now owns 583 shares of the energy company’s stock valued at $26,000 after acquiring an additional 508 shares during the last quarter. CWM LLC raised its holdings in shares of SM Energy by 99.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. CWM LLC now owns 867 shares of the energy company’s stock valued at $33,000 after buying an additional 432 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of SM Energy in the second quarter valued at about $34,000. Larson Financial Group LLC purchased a new stake in shares of SM Energy in the third quarter valued at about $38,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of SM Energy by 1,338.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Quadrant Capital Group LLC now owns 2,230 shares of the energy company’s stock valued at $84,000 after buying an additional 2,075 shares during the last quarter. 90.53{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $45.61, for a total transaction of $394,891.38. Following the completion of the transaction, the chief accounting officer now owns 12,463 shares in the company, valued at $568,437.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Patrick A. Lytle sold 8,658 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $45.61, for a total value of $394,891.38. Following the completion of the sale, 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 filing with the SEC, which is available through this hyperlink. Also, EVP David W. Copeland sold 10,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $46.23, for a total transaction of $462,300.00. Following the completion of the sale, the executive vice president now directly owns 228,543 shares of the company’s stock, valued at $10,565,542.89. The disclosure for this sale can be found here. Insiders own 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

SM Energy Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, November 7th. Investors of record on Tuesday, October 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, October 24th. This represents a dividend yield of 0.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is an increase from SM Energy’s previous Semi-Annual dividend of $0.01. SM Energy’s payout ratio is presently 5.83{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

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.

See Also

Earnings History and Estimates for SM Energy (NYSE:SM)

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

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

SM Energy (NYSE:SM – Get Rating) – Stock analysts at Capital One Financial decreased their Q2 2022 earnings estimates for SM Energy in a research report issued to clients and investors on Tuesday, July 12th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $2.16 per share for the quarter, down from their previous estimate of $2.84. The consensus estimate for SM Energy’s current full-year earnings is $9.02 per share. Capital One Financial also issued estimates for SM Energy’s Q3 2022 earnings at $1.61 EPS, Q4 2022 earnings at $1.72 EPS, FY2022 earnings at $7.47 EPS, Q1 2023 earnings at $1.88 EPS, Q2 2023 earnings at $1.96 EPS, Q3 2023 earnings at $2.13 EPS, Q4 2023 earnings at $2.28 EPS and FY2023 earnings at $8.24 EPS.

SM Energy (NYSE:SM – Get Rating) last announced its earnings results on Thursday, April 28th. The energy company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). The business had revenue of $859.78 million for the quarter, compared to the consensus estimate of $765.23 million. SM Energy had a net margin of 11.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 26.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s quarterly revenue was up 93.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share.

Other equities analysts have also issued reports about the stock. StockNews.com assumed coverage on shares of SM Energy in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Raymond James boosted their target price on shares of SM Energy from $57.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Barclays boosted their target price on shares of SM Energy from $40.00 to $55.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Finally, KeyCorp boosted their target price on shares of SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.25.

Shares of NYSE SM opened at $32.21 on Thursday. The firm has a 50 day moving average of $40.34 and a 200 day moving average of $37.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.25 and a beta of 5.09. SM Energy has a 12-month low of $14.79 and a 12-month high of $54.97.

In other news, VP David J. Whitcomb sold 44,771 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $41.79, for a total value of $1,870,980.09. Following the sale, the vice president now owns 39,925 shares of the company’s stock, valued at $1,668,465.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David W. Copeland sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the completion of the sale, the executive vice president now directly owns 188,722 shares in the company, valued at approximately $9,668,228.06. The disclosure for this sale can be found here. In the last three months, insiders sold 69,771 shares of company stock worth $2,987,130. Insiders own 1.60{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in SM Energy by 1.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. BlackRock Inc. now owns 19,579,955 shares of the energy company’s stock worth $762,639,000 after acquiring an additional 331,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in SM Energy by 1.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. Vanguard Group Inc. now owns 14,038,853 shares of the energy company’s stock worth $546,814,000 after acquiring an additional 226,919 shares in the last quarter. State Street Corp grew its holdings in SM Energy by 13.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock worth $272,755,000 after acquiring an additional 842,589 shares in the last quarter. JB Investments Management LLC grew its holdings in SM Energy by 1.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 4th quarter. JB Investments Management LLC now owns 5,053,651 shares of the energy company’s stock worth $148,982,000 after acquiring an additional 49,933 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in SM Energy by 8.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 1st quarter. Dimensional Fund Advisors LP now owns 3,897,988 shares of the energy company’s stock worth $151,837,000 after acquiring an additional 293,299 shares in the last quarter. Hedge funds and other institutional investors own 86.45{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

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 Reading

Earnings History and Estimates for SM Energy (NYSE:SM)



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