What is KeyCorp’s Estimate for SM Energy Q1 Earnings?

SM Energy Company (NYSE:SM) – Equities research analysts at KeyCorp raised their Q1 2026 earnings estimates for shares of SM Energy in a note issued to investors on Wednesday, April 1st. KeyCorp analyst T. Rezvan now expects that the energy company will post earnings of $1.78 per share for the quarter, up from their previous forecast of $1.22. KeyCorp currently has a “Overweight” rating and a $39.00 target price on the stock. The consensus estimate for SM Energy’s current full-year earnings is $8.10 per share. KeyCorp also issued estimates for SM Energy’s Q2 2026 earnings at $2.58 EPS, Q3 2026 earnings at $2.29 EPS, Q4 2026 earnings at $2.12 EPS, FY2026 earnings at $8.83 EPS, Q1 2027 earnings at $2.06 EPS, Q2 2027 earnings at $2.22 EPS, Q3 2027 earnings at $2.13 EPS, Q4 2027 earnings at $2.17 EPS and FY2027 earnings at $8.57 EPS.

SM has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on shares of SM Energy from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 19th. Truist Financial started coverage on shares of SM Energy in a research note on Tuesday, March 24th. They set a “buy” rating and a $38.00 price objective on the stock. Roth Mkm reissued a “buy” rating and set a $24.00 price objective on shares of SM Energy in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price objective on the stock in a research note on Friday, March 20th. Finally, National Bank Financial set a $30.00 price objective on shares of SM Energy in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $32.62.

SM Energy Stock Up 2.8%

SM Energy stock opened at $31.30 on Tuesday. The company’s 50 day simple moving average is $25.06 and its 200 day simple moving average is $22.00. SM Energy has a fifty-two week low of $17.45 and a fifty-two week high of $33.25. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 5.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.69 and a quick ratio of 0.69.

SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.10. SM Energy had a net margin of 20.55% and a return on equity of 13.47%. The business had revenue of $704.92 million for the quarter, compared to analyst estimates of $764.40 million. During the same quarter last year, the firm earned $1.91 EPS. SM Energy’s quarterly revenue was down 17.3% compared to the same quarter last year.

SM Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 9th. This is an increase from SM Energy’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 2.8%. SM Energy’s payout ratio is presently 15.58%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Horizon Corp bought a new position in SM Energy in the third quarter valued at approximately $30,000. Jones Financial Companies Lllp lifted its stake in SM Energy by 316.7% in the third quarter. Jones Financial Companies Lllp now owns 1,200 shares of the energy company’s stock valued at $33,000 after buying an additional 912 shares in the last quarter. Johnson Financial Group Inc. bought a new position in SM Energy in the third quarter valued at approximately $31,000. NBC Securities Inc. lifted its stake in SM Energy by 160.5% in the fourth quarter. NBC Securities Inc. now owns 1,347 shares of the energy company’s stock valued at $25,000 after buying an additional 830 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in SM Energy by 10,461.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 1,373 shares of the energy company’s stock valued at $26,000 after buying an additional 1,360 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

Key SM Energy News

Here are the key news stories impacting SM Energy this week:

• Positive Sentiment: KeyCorp materially raised earnings estimates across 2026–2027 (multiple quarters and full-year), kept an “Overweight” rating and a $39 price target — a catalyst for buy-side demand given the large upward revisions to EPS and multi-quarter visibility. KeyCorp Estimates & Rating
• Positive Sentiment: Zacks highlights SM’s strong earnings‑surprise history and argues the company has the setup to beat estimates again — supporting bullish sentiment ahead of the next report. Will SM Energy (SM) Beat Estimates Again?
• Positive Sentiment: Federal legislation (H.R.8034) proposed to relax depletion rules for small oil & gas producers could boost after‑tax cash flow for companies like SM if enacted — a potential longer‑term tailwind, though passage and final text remain uncertain. H.R.8034 Bill Summary
• Neutral Sentiment: SM scheduled its Q1 2026 results release for after the close on May 6 and a conference call for May 7 — a near-term catalyst that could prompt volatility depending on production, guidance and commodity exposure. Q1 2026 Conference Call Notice
• Neutral Sentiment: Multiple Zacks pieces flag SM as a trending/momentum stock and reported the intraday outperformance vs. the broader market — increased coverage can amplify flows but doesn’t change fundamentals on its own. SM Outpaces Stock Market Gains

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.