Q3 2024 EPS Estimates for SM Energy Cut by Analyst (NYSE:SM)

SM Energy (NYSE:SM) – Investment analysts at Capital One Financial lowered their Q3 2024 earnings per share (EPS) estimates for SM Energy in a note issued to investors on Tuesday, September 17th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of $1.54 per share for the quarter, down from their previous estimate of $1.86. The consensus estimate for SM Energy’s current full-year earnings is $7.57 per share. Capital One Financial also issued estimates for SM Energy’s Q4 2024 earnings at $2.08 EPS, FY2024 earnings at $6.88 EPS, Q1 2025 earnings at $1.64 EPS, Q2 2025 earnings at $1.54 EPS, Q3 2025 earnings at $1.54 EPS, Q4 2025 earnings at $1.54 EPS, FY2025 earnings at $6.25 EPS and FY2026 earnings at $6.14 EPS.

A number of other equities research analysts have also weighed in on SM. StockNews.com lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of SM Energy in a report on Thursday, June 27th. Tudor Pickering upgraded SM Energy to a “strong-buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. lowered their price objective on shares of SM Energy from $55.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, SM Energy has a consensus rating of “Moderate Buy” and a consensus target price of $53.22.

SM Energy Stock Up 0.1 %

Shares of SM Energy stock opened at $41.53 on Friday. SM Energy has a twelve month low of $34.13 and a twelve month high of $53.26. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $43.60 and its 200 day moving average is $46.61. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 6.51 and a beta of 4.19.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.28. The business had revenue of $634.56 million for the quarter, compared to analysts’ expectations of $616.63 million. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 EPS.

SM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 5th. Investors of record on Friday, July 19th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Friday, July 19th. SM Energy’s dividend payout ratio (DPR) is 11.29%.

Hedge Funds Weigh In On SM Energy

Several large investors have recently made changes to their positions in SM. Dimensional Fund Advisors LP boosted its position in shares of SM Energy by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 6,341,875 shares of the energy company’s stock worth $274,161,000 after acquiring an additional 384,675 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 purchasing an additional 28,005 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of SM Energy by 10.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,709,927 shares of the energy company’s stock valued at $73,920,000 after purchasing an additional 157,923 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of SM Energy by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,335,624 shares of the energy company’s stock valued at $57,739,000 after purchasing an additional 4,611 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of SM Energy by 929.6% in the second quarter. Jupiter Asset Management Ltd. now owns 1,159,488 shares of the energy company’s stock worth $50,125,000 after purchasing an additional 1,046,872 shares during the last quarter. 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.