Analysts Offer Predictions for SM Energy FY2024 Earnings

SM Energy (NYSE:SMFree Report) – Research analysts at Capital One Financial increased their FY2024 EPS estimates for shares of SM Energy in a report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings per share of $6.72 for the year, up from their prior estimate of $6.69. The consensus estimate for SM Energy’s current full-year earnings is $6.77 per share. Capital One Financial also issued estimates for SM Energy’s Q4 2024 earnings at $1.83 EPS, Q1 2025 earnings at $1.95 EPS, Q2 2025 earnings at $1.87 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.94 EPS, FY2025 earnings at $7.69 EPS and FY2026 earnings at $6.69 EPS.

SM Energy (NYSE:SMGet Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.10. The firm had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $643.67 million. SM Energy had a return on equity of 19.62% and a net margin of 33.89%. SM Energy’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 earnings per share.

Several other equities analysts also recently weighed in on SM. Susquehanna dropped their target price on shares of SM Energy from $48.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Mizuho cut their price objective on SM Energy from $57.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. TD Cowen upgraded SM Energy from a “hold” rating to a “buy” rating and lowered their target price for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. KeyCorp dropped their price target on SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Finally, Truist Financial upped their price objective on SM Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

View Our Latest Stock Analysis on SM

SM Energy Trading Up 0.8 %

Shares of SM stock opened at $43.68 on Monday. The stock has a market cap of $5.00 billion, a P/E ratio of 6.10 and a beta of 4.14. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.67. SM Energy has a fifty-two week low of $34.76 and a fifty-two week high of $53.26. The business has a fifty day simple moving average of $41.70 and a 200-day simple moving average of $42.75.

SM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, January 24th. SM Energy’s dividend payout ratio (DPR) is 11.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SM. Plato Investment Management Ltd lifted its stake in shares of SM Energy by 461.9% in the 2nd 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new position in SM Energy in the third quarter valued at approximately $30,000. Blue Trust Inc. increased its position in shares of SM Energy by 3,434.5% in the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after acquiring an additional 996 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of SM Energy in the 3rd quarter valued at $55,000. Finally, International Assets Investment Management LLC boosted its position in SM Energy by 3,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock worth $58,000 after purchasing an additional 1,403 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

About SM Energy

(Get Free Report)

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.

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

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