Brokerages expect that SM Energy Co (NYSE:SM) will post $355.07 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for SM Energy’s earnings, with estimates ranging from $309.00 million to $381.80 million. SM Energy reported sales of $372.74 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.7%. The company is expected to announce its next earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that SM Energy will report full-year sales of $355.07 million for the current financial year, with estimates ranging from $1.34 billion to $1.70 billion. For the next year, analysts forecast that the company will post sales of $1.95 billion per share, with estimates ranging from $1.69 billion to $2.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover SM Energy.
SM Energy (NYSE:SM) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The firm had revenue of $340.53 million during the quarter, compared to the consensus estimate of $330.83 million. During the same period last year, the firm earned ($0.31) EPS. The business’s quarterly revenue was down 10.4% compared to the same quarter last year.
A number of analysts have recently issued reports on SM shares. Stifel Nicolaus set a $44.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Royal Bank of Canada reaffirmed a “hold” rating and set a $24.00 price objective on shares of SM Energy in a report on Wednesday, January 10th. Citigroup raised shares of SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Barclays lifted their price objective on shares of SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Finally, UBS Group raised shares of SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $27.38.
Shares of SM Energy (SM) traded down $0.52 during trading hours on Friday, reaching $17.70. 3,418,724 shares of the company’s stock traded hands, compared to its average volume of 3,630,186. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98. SM Energy has a 1 year low of $12.29 and a 1 year high of $28.20. The company has a market cap of $2,163.38, a P/E ratio of -12.21 and a beta of 3.02.
A number of large investors have recently modified their holdings of SM. Amundi Pioneer Asset Management Inc. purchased a new position in SM Energy in the 4th quarter worth $134,000. State of Alaska Department of Revenue purchased a new position in SM Energy in the 4th quarter worth $143,000. Tower Research Capital LLC TRC raised its position in 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 worth $149,000 after purchasing an additional 6,524 shares during the period. Crossmark Global Holdings Inc. purchased a new position in SM Energy in the 4th quarter worth $232,000. Finally, Granite Springs Asset Management LLC purchased a new position in SM Energy in the 4th quarter worth $243,000. Institutional investors own 97.36% of the company’s stock.
SM Energy Company Profile
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.
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