Q2 2024 Earnings Estimate for SM Energy Issued By Capital One Financial (NYSE:SM)

SM Energy (NYSE:SM) – Equities research analysts at Capital One Financial lowered their Q2 2024 earnings per share (EPS) estimates for shares of SM Energy in a report released on Wednesday, July 3rd. 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 prior forecast of $1.62. The consensus estimate for SM Energy’s current full-year earnings is $6.95 per share. Capital One Financial also issued estimates for SM Energy’s Q3 2024 earnings at $1.81 EPS, Q1 2025 earnings at $2.27 EPS, Q2 2025 earnings at $2.28 EPS, Q3 2025 earnings at $2.33 EPS, Q4 2025 earnings at $2.37 EPS and FY2026 earnings at $8.31 EPS.

SM Energy (NYSE:SM) last issued its earnings results on Thursday, May 2nd. The energy company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.13. The firm had revenue of $559.87 million for the quarter, compared to analyst estimates of $568.21 million. SM Energy had a return on equity of 20.10% and a net margin of 31.80%.

A number of other research firms have also weighed in on SM. KeyCorp lifted their target price on SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Mizuho increased their price target on shares of SM Energy from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Wells Fargo & Company boosted their target price on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, April 18th. Truist Financial dropped their price target on shares of SM Energy from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Monday, July 1st. Finally, Susquehanna lifted their price objective on SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.89.

SM Energy Stock Down 1.8 %

SM opened at $43.44 on Monday. The company has a market cap of $5.00 billion, a PE ratio of 6.81 and a beta of 4.20. SM Energy has a 12 month low of $31.91 and a 12 month high of $53.26. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $47.74 and a 200 day moving average of $44.75.

SM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 5th. Stockholders of record on Friday, July 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, July 19th. SM Energy’s dividend payout ratio is presently 11.29%.

Insider Transactions at SM Energy

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

Institutional Investors Weigh In On SM Energy

A number of hedge funds have recently made changes to their positions in SM. Gotham Asset Management LLC increased its position in shares of SM Energy by 3.4% during the 3rd quarter. Gotham Asset Management LLC now owns 15,415 shares of the energy company’s stock valued at $611,000 after purchasing an additional 502 shares during the last quarter. Lazard Asset Management LLC boosted its position in SM Energy by 58.7% during the 3rd quarter. Lazard Asset Management LLC now owns 15,315 shares of the energy company’s stock valued at $606,000 after acquiring an additional 5,666 shares in the last quarter. Ameriprise Financial Inc. grew its stake in SM Energy by 44.5% in the third quarter. Ameriprise Financial Inc. now owns 1,163,332 shares of the energy company’s stock valued at $46,126,000 after purchasing an additional 358,253 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of SM Energy in the 3rd quarter worth approximately $332,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of SM Energy by 2.5% during the third quarter. Mercer Global Advisors Inc. ADV now owns 59,202 shares of the energy company’s stock worth $2,347,000 after purchasing an additional 1,450 shares in the last quarter. 94.56% of the stock is currently owned by hedge funds and other institutional investors.

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.