Capital One Financial Forecasts SM Energy FY2024 Earnings

SM Energy (NYSE:SM) – Capital One Financial boosted their FY2024 earnings per share estimates for SM Energy in a research note issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the energy company will post earnings of $6.72 per share for the year, up from their prior forecast 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 has been the subject of several other research reports. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and decreased their price objective for the company from $64.00 to $60.00 in a report on Tuesday, October 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $50.00 price objective on shares of SM Energy in a research report on Tuesday, October 8th. Susquehanna cut 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. KeyCorp lowered their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Finally, Wells Fargo & Company cut their price objective on shares of SM Energy from $47.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, December 17th. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.90.

SM Energy Trading Up 0.3 %

NYSE SM opened at $43.86 on Monday. SM Energy has a 1 year low of $34.76 and a 1 year high of $53.26. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.52 and a quick ratio of 3.52. The company has a market capitalization of $5.02 billion, a PE ratio of 6.13 and a beta of 4.14. The company has a fifty day moving average of $41.70 and a 200 day moving average of $42.75.

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

Institutional Trading of SM Energy

A number of institutional investors have recently made changes to their positions in the company. Plato Investment Management Ltd lifted its stake in SM Energy by 461.9% in the 2nd quarter. Plato Investment Management Ltd now owns 590 shares of the energy company’s stock worth $26,000 after purchasing an additional 485 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of SM Energy in the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its position in SM Energy by 3,434.5% during the third quarter. Blue Trust Inc. now owns 1,025 shares of the energy company’s stock worth $44,000 after buying an additional 996 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in SM Energy during the third quarter worth $55,000. Finally, International Assets Investment Management LLC grew its holdings in SM Energy by 3,897.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,439 shares of the energy company’s stock valued at $58,000 after buying an additional 1,403 shares in the last quarter. 94.56% of the stock is owned by institutional investors and hedge funds.

SM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, January 24th. SM Energy’s payout ratio is 11.17%.

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.