Q1 2022 EPS Estimates for SM Energy (NYSE:SM) Increased by Capital One Financial

SM Energy (NYSE:SM – Get Rating) – Analysts at Capital One Financial increased their Q1 2022 earnings per share (EPS) estimates for SM Energy in a report issued on Wednesday, April 13th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings per share of $2.37 for the quarter, up from their previous forecast of $2.27. Capital One Financial also issued estimates for SM Energy’s Q3 2022 earnings at $2.17 EPS, FY2022 earnings at $8.90 EPS and FY2023 earnings at $9.87 EPS.

SM Energy (NYSE:SM – Get Rating) last posted its earnings results on Thursday, February 24th. The energy company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.32. SM Energy had a return on equity of 13.06% and a net margin of 1.38%. The firm had revenue of $854.90 million during the quarter, compared to analysts’ expectations of $595.23 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 166.9% on a year-over-year basis.

Several other brokerages also recently commented on SM. JPMorgan Chase & Co. dropped their target price on shares of SM Energy from $49.00 to $47.00 in a report on Friday, January 7th. Barclays boosted their price objective on shares of SM Energy from $23.00 to $39.00 in a research report on Friday, March 18th. KeyCorp increased their target price on SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. Wells Fargo & Company boosted their price target on SM Energy from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, March 14th. Finally, Raymond James upped their price objective on SM Energy from $50.00 to $57.00 and gave the stock an “outperform” rating in a research report on Monday, March 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SM Energy has a consensus rating of “Buy” and a consensus target price of $46.67.

NYSE:SM opened at $41.35 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.69 and a quick ratio of 0.69. The business’s 50-day simple moving average is $37.95 and its 200-day simple moving average is $33.93. SM Energy has a fifty-two week low of $14.79 and a fifty-two week high of $43.69. The stock has a market capitalization of $5.04 billion, a PE ratio of 827.17 and a beta of 5.48.

The company also recently announced a Semi-Annual dividend, which will be paid on Friday, May 6th. Investors of record on Friday, April 22nd will be paid a $0.01 dividend. The ex-dividend date is Thursday, April 21st. This represents a dividend yield of 0.1%. SM Energy’s dividend payout ratio is presently 40.01%.

In related news, VP David J. Whitcomb sold 9,254 shares of the business’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $39.45, for a total value of $365,070.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mary Ellen Lutey sold 9,999 shares of the stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $39.22, for a total transaction of $392,160.78. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,562 shares of company stock worth $2,640,925. 1.90% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Ensign Peak Advisors Inc grew its position in SM Energy by 30.0% in the third quarter. Ensign Peak Advisors Inc now owns 125,800 shares of the energy company’s stock valued at $3,319,000 after acquiring an additional 29,000 shares during the last quarter. Gotham Asset Management LLC grew its holdings in shares of SM Energy by 4.4% during the 3rd quarter. Gotham Asset Management LLC now owns 110,325 shares of the energy company’s stock valued at $2,910,000 after purchasing an additional 4,627 shares during the last quarter. Russell Investments Group Ltd. increased its position in SM Energy by 16.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,532,927 shares of the energy company’s stock worth $66,817,000 after purchasing an additional 356,505 shares in the last quarter. BOKF NA bought a new position in SM Energy in the 3rd quarter valued at approximately $1,137,000. Finally, SG Americas Securities LLC lifted its stake in SM Energy by 1,265.7% in the 3rd quarter. SG Americas Securities LLC now owns 136,642 shares of the energy company’s stock valued at $3,605,000 after purchasing an additional 126,637 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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.

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