Investigation of SM Energy (NYSE: SM) On September 19, analysts working for KeyCorp revealed their projections for SM Energy’s quarterly earnings per share for the third quarter of 2022. These projections are for the period beginning on July 1 and ending on September 30. According to projections made by a KeyCorp analyst by the name of T. Rezvan, the company’s oil business will make $2.06 in earnings per share during the year’s final quarter. As a result, KeyCorp has been given the rating of Overweight, and the price target has been established at $64.00. As a result, a profit of $8.51 per share is now anticipated for SM Energy’s full financial year. In addition, KeyCorp projected that SM Energy will generate earnings of $2.06 per share in the fourth quarter of 2022, $8.29 per share in the fiscal year 2022, $3.06 per share in the first quarter of 2023, $2.43 per share in the second quarter, $2.47 per share in the third quarter, $2.71 per share in the fourth quarter, and $10.68 per share in the fiscal year 2023.
Thursday’s New York Stock Exchange opening bell saw trading commence for $40.97 a share. There is harmony between the quick, current, and debt-to-equity ratios when all three are equalized to a value of 0.62. The simple moving average price of the company’s shares over the previous 50 days is $40.90, while the average price for the last 200 days is $40.10. Over the previous year, the price of SM Energy ranged from $22.02 to $54.97 at its highest point. The stock has a price-to-earnings ratio of 5.76, and its beta value is 4.84; the combination of these two metrics results in a market value of $5.02 billion for the firm. Recent studies into the stock have been carried out by a wide variety of research analysts hailing from various institutions. The target price that Barclays has set for SM Energy has climbed from $40.00 to $55.00, as stated in a research report released on Tuesday, June 14. In addition to that, the company gave the stock an “underweight” rating. In a report published on Wednesday, July 20, MKM Partners reaffirmed their “buy” rating on shares of SM Energy. They also set a price objective of $54.00 for the company.
Seven of the research analysts have given the stock a recommendation to buy, one of the experts has given it the recommendation to sell, and one of the research analysts has given it a rating of hold. Bloomberg reports that the current average rating for SM Energy is “Moderate Buy” and that the consensus price goal that analysts have established for the firm is $52.22. Over the past few months, several hedge funds have increased the percentage of the company’s shares they possess to a greater extent. In the first three months of 2018, BlackRock Inc. boosted the percentage of SM Energy stock is owned by 1.7%. After making additional purchases totaling 331,004 shares during the most recent fiscal quarter, BlackRock Inc. now holds 19,579,955 of the energy company’s shares in its portfolio. These shares are currently trading at a price that equates to a market value of 762,639,000 dollars. Over the first three months of the year, Vanguard Group Inc. boosted the percentage of SM Energy stock that it held by 1.6%. After purchasing 226,919 additional shares during the most recent fiscal quarter, Vanguard Group Inc. now has 14,038,853 shares of the stock of the energy firm. The stock currently has a market value of $546,814,000. The State Street Corporation boosted the percentage of SM Energy shares it owned by 13.7% during the first three months of 2018.
State Street Corp now owns a total of 7,002,705 shares of the energy company’s stock, which has a value of $272,755,000 following the acquisition of an additional 842,589 shares during the most recent quarter of the company ownership of the company’s stock. During the first three months of 2018, Dimensional Fund Advisors LP was able to amass an 8.1% rise in the number of SM Energy shares it possessed. Dimensional Fund Advisors LP now owns 3,897,988 of the energy company’s stock after purchasing 293,299 more shares in the last quarter. The stock is now worth $151,837,000. During the quarter, these shares were purchased. And last, during the first three months of this year, Goldman Sachs Group Inc. boosted the number of SM Energy shares that it owned by 35.4%, bringing the total number of shares it owned to a total of 1. After purchasing an additional 849,019 shares of the energy company’s stock during the most recent fiscal quarter, Goldman Sachs Group Inc. now has 3,249,967 shares in its possession. The price of one share of stock is calculated to be $126,586,000. The company’s shares are held jointly by hedge funds and other types of institutional investors to the extent of 90.53%.
On September 9, Chief Administrative Officer Patrick A. Lytle sold 8,658 shares of the company’s stock. This is relevant to the news that was previously mentioned. The price of each share was calculated to be $45.61 on average after the sale, which brought in a total of $394,891.38. Following the conclusion of the transaction, the chief accounting officer will become the owner of 12,463 business shares, each of which has an estimated value of $568,437.43. The Securities and Exchange Commission (SEC) kept a legal file accessible online and contained information about the transaction. This information can be viewed. On September 9, Chief Administrative Officer Patrick A. Lytle sold 8,658 shares of the company’s stock, which brings us to another piece of relevant information regarding SM Energy. The price of each share was calculated to be $45.61 on average after the sale, which brought in a total of $394,891.38. After the completion of the transaction, the chief accounting officer now directly owns 12,463 shares of the firm, which have a total value of approximately $568,437.43. The legal paperwork submitted to the Securities and Exchange Commission, which describes the transaction in full and can be read at this URL, is open to the public and may be accessed by clicking here.
According to supplementary reports, David W. Copeland, Executive Vice President of the company, just sold 10,000 company stock on Friday, September 9. On average, $46.23 was the amount paid for each share during the transaction, resulting in a total payment of $462,300.00 being received. It is now estimated to be worth $10,565,542 at this time. A total of 89,228,543 shares of the company’s common stock are held in the ownership of the executive vice president. Disclosures that are related to the sale might be found in this section of the website. Individuals employed by the company own 1.60 percent of the total number of shares in the company are owned by individuals employed by the company.
The company has just declared a semi-annual dividend, which is set to be paid out on November 7 this year. In addition, the company has just made this announcement. On October 25, investors recorded as owners of shares will be eligible to receive dividend payments equal to $0.15 per share. October 24 is the date that will be used to determine whether or not withholding is applied to a dividend. As a direct consequence, the yield has decreased to 0.7%. This reflects an increase compared to the previous payout of a semi-annual dividend made by SM Energy, which was $0.01 in total. SM Energy’s dividend payout ratio is now at 0.28 percent at present.