SM Energy Company (NYSE:SM) declared a Semi-Annual dividend on Wednesday, September 27th, Zacks reports. Shareholders of record on Friday, October 20th will be given a dividend of 0.05 per share by the energy company on Wednesday, November 1st. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, October 19th.

SM Energy has a dividend payout ratio of -8.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect SM Energy to earn ($0.99) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -10.1%.

SM Energy (SM) opened at 19.12 on Wednesday. The firm’s 50 day moving average price is $16.20 and its 200 day moving average price is $17.85. SM Energy has a 52-week low of $12.29 and a 52-week high of $43.09. The firm’s market cap is $2.13 billion.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). The firm had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.44) earnings per share. Equities research analysts anticipate that SM Energy will post ($1.09) EPS for the current fiscal year.

SM has been the subject of several analyst reports. Bank of America Corporation initiated coverage on SM Energy in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $20.00 price objective for the company. Royal Bank Of Canada set a $20.00 price objective on SM Energy and gave the stock a “hold” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Seaport Global Securities downgraded SM Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $31.00 to $16.00 in a research report on Wednesday, June 21st. Finally, Williams Capital reaffirmed a “buy” rating and set a $30.00 price target on shares of SM Energy in a research report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.15.

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About SM Energy

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

Dividend History for SM Energy (NYSE:SM)

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