Wall Street brokerages expect SM Energy Co (NYSE:SM) to announce ($0.10) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for SM Energy’s earnings. The lowest EPS estimate is ($0.20) and the highest is $0.09. SM Energy posted earnings of ($0.32) per share during the same quarter last year, which indicates a positive year over year growth rate of 68.8%. The business is scheduled to announce its next quarterly earnings results on Thursday, August 2nd.
On average, analysts expect that SM Energy will report full-year earnings of $0.10 per share for the current fiscal year, with EPS estimates ranging from ($0.68) to $1.08. For the next year, analysts anticipate that the firm will post earnings of $1.49 per share, with EPS estimates ranging from ($0.14) to $2.78. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow SM Energy.
SM Energy (NYSE:SM) last announced its earnings results on Friday, May 4th. The energy company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The business had revenue of $769.60 million during the quarter, compared to the consensus estimate of $361.40 million. SM Energy had a net margin of 4.86% and a negative return on equity of 2.53%. SM Energy’s revenue was up 106.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) EPS.
Several analysts recently commented on the stock. Credit Suisse Group downgraded shares of SM Energy from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $26.00 to $25.00 in a report on Monday, June 4th. Williams Capital reaffirmed a “buy” rating and set a $44.00 target price on shares of SM Energy in a report on Wednesday, May 23rd. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a report on Friday, May 18th. Tudor Pickering raised shares of SM Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. Finally, Stifel Nicolaus set a $42.00 target price on shares of SM Energy and gave the stock a “buy” rating in a report on Friday, May 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $28.00.
Shares of SM stock opened at $23.24 on Wednesday. The stock has a market cap of $2.77 billion, a P/E ratio of -28.34, a P/E/G ratio of 24.83 and a beta of 2.96. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.07. SM Energy has a 52 week low of $12.29 and a 52 week high of $28.20.
A number of institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. acquired a new position in shares of SM Energy in the 4th quarter valued at approximately $134,000. Tower Research Capital LLC TRC raised its position in shares of SM Energy by 2,652.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after buying an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of SM Energy in the 4th quarter valued at approximately $232,000. Granite Springs Asset Management LLC acquired a new position in shares of SM Energy in the 4th quarter valued at approximately $243,000. Finally, Elkfork Partners LLC acquired a new position in shares of SM Energy in the 4th quarter valued at approximately $253,000.
SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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