KeyCorp Issues Optimistic Estimate for SM Energy Earnings

SM Energy Company (NYSE:SM) – Research analysts at KeyCorp boosted their Q2 2026 earnings estimates for shares of SM Energy in a research report issued on Wednesday, June 3rd. KeyCorp analyst T. Rezvan now anticipates that the energy company will earn $1.90 per share for the quarter, up from their previous forecast of $1.71. KeyCorp has a “Overweight” rating and a $39.00 price objective on the stock. The consensus estimate for SM Energy’s current full-year earnings is $7.30 per share. KeyCorp also issued estimates for SM Energy’s Q3 2026 earnings at $2.27 EPS, Q4 2026 earnings at $2.02 EPS, FY2026 earnings at $7.80 EPS, Q2 2027 earnings at $2.25 EPS, Q3 2027 earnings at $2.24 EPS and FY2027 earnings at $8.92 EPS.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.42. SM Energy had a return on equity of 13.93% and a net margin of 3.45%.The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The business’s revenue was up 75.0% on a year-over-year basis.

Other research analysts have also issued reports about the company. Weiss Ratings raised SM Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Siebert Williams Shank raised SM Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $41.00 in a report on Thursday, May 14th. Zacks Research cut shares of SM Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Roth Mkm reaffirmed a “neutral” rating and set a $33.00 target price (up from $24.00) on shares of SM Energy in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. upgraded SM Energy from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a research note on Friday, March 20th. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, SM Energy presently has an average rating of “Moderate Buy” and an average target price of $37.07.

SM Energy Price Performance

Shares of NYSE SM opened at $32.22 on Monday. The firm has a market cap of $7.72 billion, a P/E ratio of 13.54 and a beta of 0.72. The business’s 50 day moving average is $30.73 and its 200-day moving average is $24.44. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.98. SM Energy has a 1-year low of $17.45 and a 1-year high of $35.88.

SM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 8th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 8th. SM Energy’s dividend payout ratio (DPR) is currently 36.97%.

Insider Activity

In other news, Director Ramiro G. Peru sold 24,553 shares of SM Energy stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $33.98, for a total value of $834,310.94. Following the transaction, the director owned 65,964 shares in the company, valued at approximately $2,241,456.72. This trade represents a 27.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.45% of the company’s stock.

Institutional Investors Weigh In On SM Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of SM Energy by 79.5% during the first quarter. Dimensional Fund Advisors LP now owns 9,995,353 shares of the energy company’s stock valued at $311,678,000 after purchasing an additional 4,426,751 shares in the last quarter. State Street Corp raised its holdings in SM Energy by 1.7% during the 4th quarter. State Street Corp now owns 6,257,360 shares of the energy company’s stock worth $118,267,000 after purchasing an additional 107,295 shares during the last quarter. American Century Companies Inc. raised its holdings in SM Energy by 8.9% during the 3rd quarter. American Century Companies Inc. now owns 4,585,624 shares of the energy company’s stock worth $114,503,000 after purchasing an additional 375,754 shares during the last quarter. Millennium Management LLC lifted its position in shares of SM Energy by 205.1% in the 4th quarter. Millennium Management LLC now owns 2,835,718 shares of the energy company’s stock worth $53,028,000 after purchasing an additional 1,906,255 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of SM Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 2,721,147 shares of the energy company’s stock worth $50,897,000 after purchasing an additional 56,187 shares during the period. 94.56% of the stock is owned by institutional investors.

About SM Energy

SM Energy Company (NYSE: SM) is an independent energy firm engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids in the United States. The company focuses on identifying and exploiting unconventional onshore basins, leveraging advanced drilling and completion techniques to optimize resource recovery. SM Energy’s operations are supported by an integrated approach to reservoir management and strategic midstream partnerships, enabling efficient transportation and marketing of hydrocarbons.

The company’s core asset areas include prolific basins such as the Permian, Eagle Ford, and the Rocky Mountain region.