SM Energy (SM) To Go Ex-Dividend on October 25th

SM Energy (NYSE:SM) declared a quarterly dividend on Thursday, September 26th, Wall Street Journal reports. Investors of record on Friday, October 25th will be given a dividend of 0.20 per share by the energy company on Monday, November 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Friday, October 25th. This is an increase from SM Energy’s previous quarterly dividend of $0.18.

SM Energy has increased its dividend payment by an average of 210.7% annually over the last three years. SM Energy has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect SM Energy to earn $7.92 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 10.1%.

SM Energy Trading Up 0.4 %

Shares of SM stock opened at $42.30 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.86 billion, a P/E ratio of 6.63 and a beta of 4.18. The stock has a 50 day simple moving average of $42.92 and a 200 day simple moving average of $45.75. SM Energy has a 1 year low of $34.13 and a 1 year high of $53.26.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. The firm had revenue of $634.56 million during the quarter, compared to the consensus estimate of $616.63 million. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 EPS. On average, research analysts predict that SM Energy will post 6.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SM has been the topic of a number of analyst reports. TD Cowen upgraded shares of SM Energy from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $64.00 to $60.00 in a research note on Tuesday, October 15th. KeyCorp reduced their price target on shares of SM Energy from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. BMO Capital Markets lowered their price objective on shares of SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Stephens restated an “overweight” rating and set a $63.00 target price on shares of SM Energy in a research note on Thursday, June 27th. Finally, Mizuho decreased their price target on SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $51.73.

About SM Energy

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.