A share price of SM Energy Co [SM] is currently trading at $52.76, up 1.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SM shares have gain 5.84% over the last week, with a monthly amount glided 18.75%, and seem to be holding up well over a long-time horizon.
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On 26, March 2024, SM ENERGY DECLARES QUARTERLY CASH DIVIDEND. In a post published today on Yahoo Finance, SM Energy Company (NYSE: SM) today announces that its Board of Directors approved the quarterly cash dividend of $0.18 per share of common stock outstanding. The dividend will be paid on May 3, 2024, to stockholders of record as of the close of business on April 19, 2024.
From an analyst’s perspective:
SM Energy Co [NYSE: SM] stock has seen the most recent analyst activity on January 31, 2024, when Seaport Research Partners upgraded its rating to a Buy but kept the price target unchanged to $50 for it. Previously, Wells Fargo started tracking the stock with Equal Weight rating on November 15, 2023, and set its price target to $40. On August 16, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $47 on the stock. TD Cowen downgraded its rating to a Market Perform but stick to its price target of $35 on March 01, 2023. Cowen downgraded its rating to a Market Perform but $35 remained the price target by the analyst firm on March 01, 2023. Mizuho started tracking with a Buy rating for this stock on January 10, 2023, and assigned it a price target of $51. In a note dated January 04, 2023, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $55 to $46.
SM Energy Co experienced fluctuations in its stock price throughout the past year between $25.03 and $52.62. Currently, Wall Street analysts expect the stock to reach $47.33 within the next 12 months. SM Energy Co [NYSE: SM] shares were valued at $52.76 at the most recent close of the market. An investor can expect a potential drop of -10.29% based on the average SM price forecast.
Analyzing the SM fundamentals
Trailing Twelve Months sales for SM Energy Co [NYSE:SM] were 2.37B which represents -9.32% decline. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.24 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.97 points at the first support level, and at 51.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.40, and for the 2nd resistance point, it is at 54.05.
SM Energy Co [SM] reported earnings per share of $1.59 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.38/share, meaning a difference of $0.21 and a surprise factor of 15.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.73 per share as compared to estimates of $1.59 per share, a difference of $0.14 representing a surprise of 8.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for SM Energy Co [NYSE:SM] is 1.45. In addition, the Quick Ratio stands at 1.45 and the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 2.57, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 7.68.
Transactions by insiders
Recent insider trading involved Lutey Mary Ellen, SVP – Expl., Development & EHS, that happened on Mar 01 ’24 when 43506.0 shares were sold. Director, Quintana Julio M completed a deal on Aug 30 ’23 to sell 44000.0 shares. Meanwhile, Director PERU RAMIRO G sold 15670.0 shares on Aug 29 ’23.
