Capital One Financial Comments on SM Energy’s Q3 2024 Earnings (NYSE:SM)

SM Energy (NYSE:SM) – Equities researchers at Capital One Financial decreased their Q3 2024 earnings per share (EPS) estimates for SM Energy in a research note issued to investors on Wednesday, August 14th. Capital One Financial analyst B. Velie now forecasts that the energy company will earn $1.86 per share for the quarter, down from their previous forecast of $2.12. The consensus estimate for SM Energy’s current full-year earnings is $7.09 per share. Capital One Financial also issued estimates for SM Energy’s Q2 2025 earnings at $2.30 EPS, Q3 2025 earnings at $2.35 EPS and FY2025 earnings at $9.37 EPS.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.57 by $0.28. The firm had revenue of $634.56 million for the quarter, compared to analyst estimates of $616.63 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%. SM Energy’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 company posted $1.28 earnings per share.

Several other equities analysts have also commented on SM. Wells Fargo & Company dropped their target price on SM Energy from $51.00 to $50.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Royal Bank of Canada restated a “sector perform” rating and issued a $54.00 price objective on shares of SM Energy in a research note on Tuesday, July 9th. Mizuho upped their price objective on shares of SM Energy from $57.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Susquehanna upped their price objective on shares of SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.44.

SM Energy Stock Performance

NYSE:SM opened at $45.40 on Monday. The firm has a market capitalization of $5.22 billion, a PE ratio of 7.12 and a beta of 4.20. The business’s fifty day moving average price is $45.34 and its 200 day moving average price is $46.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. SM Energy has a 12 month low of $34.13 and a 12 month high of $53.26.

Institutional Investors Weigh In On SM Energy

A number of hedge funds have recently added to or reduced their stakes in SM. Register Financial Advisors LLC acquired a new stake in SM Energy in the first quarter valued at about $25,000. Plato Investment Management Ltd lifted its position in SM Energy by 461.9% in the second quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock valued at $26,000 after purchasing an additional 485 shares during the period. Hexagon Capital Partners LLC increased its holdings in SM Energy by 509.7% in the first quarter. Hexagon Capital Partners LLC now owns 567 shares of the energy company’s stock valued at $28,000 after buying an additional 474 shares in the last quarter. Lindbrook Capital LLC increased its holdings in SM Energy by 54.9% in the first quarter. Lindbrook Capital LLC now owns 581 shares of the energy company’s stock valued at $29,000 after buying an additional 206 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in SM Energy by 665.6% in the first quarter. Global Retirement Partners LLC now owns 689 shares of the energy company’s stock valued at $34,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Insider Transactions at SM Energy

In other news, SVP Kenneth J. Knott sold 16,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $50.28, for a total transaction of $804,480.00. Following the completion of the sale, the senior vice president now owns 114,495 shares in the company, valued at $5,756,808.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 5th. Stockholders of record on Friday, July 19th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, July 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.59%. SM Energy’s dividend payout ratio (DPR) is 11.29%.

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.