SM Energy (NYSE:SM - Get Free Report) announced a quarterly dividend on Friday, September 27th, Wall Street Journal reports. Stockholders of record on Friday, October 25th will be paid a dividend of 0.20 per share by the energy company on Monday, November 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, October 25th. This is a positive change from SM Energy's previous quarterly dividend of $0.18.
SM Energy has increased its dividend payment by an average of 210.7% per year over the last three years. SM Energy has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SM Energy to earn $8.47 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 8.5%.
Shares of NYSE:SM traded up $1.74 on Friday, reaching $39.81. 2,454,823 shares of the company traded hands, compared to its average volume of 1,766,811. The stock has a market capitalization of $4.58 billion, a P/E ratio of 5.97 and a beta of 4.18. The business's 50-day simple moving average is $43.14 and its 200 day simple moving average is $46.50. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. SM Energy has a 52 week low of $34.13 and a 52 week high of $53.26.
SM Energy (NYSE:SM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The energy company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.28. The firm had revenue of $634.56 million for the quarter, compared to analysts' expectations of $616.63 million. SM Energy had a net margin of 33.18% and a return on equity of 21.01%. The business's revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business earned $1.28 earnings per share. As a group, equities analysts anticipate that SM Energy will post 7.08 EPS for the current fiscal year.
Several research analysts have commented on the stock. StockNews.com lowered shares of SM Energy from a "buy" rating to a "hold" rating in a report on Friday, September 13th. JPMorgan Chase & Co. cut their price objective on SM Energy from $55.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th. Wells Fargo & Company decreased their target price on SM Energy from $50.00 to $48.00 and set an "equal weight" rating for the company in a research report on Thursday, August 22nd. Truist Financial reduced their price target on SM Energy from $49.00 to $46.00 and set a "hold" rating on the stock in a research note on Monday, July 22nd. Finally, Tudor Pickering upgraded shares of SM Energy to a "strong-buy" rating in a report on Wednesday, August 21st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.22.
Read Our Latest Stock Analysis on 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.
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