Analysts Anticipate SM Energy (SM) Will Announce Earnings of -$0.09 Per Share

Analysts predict that SM Energy (NYSE:SM) will report earnings of ($0.09) per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for SM Energy’s earnings, with estimates ranging from ($0.18) to $0.02. SM Energy posted earnings per share of ($0.32) during the same quarter last year, which indicates a positive year-over-year growth rate of 71.9%. The company is expected to issue its next quarterly earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that SM Energy will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from ($0.26) to $0.93. For the next financial year, analysts forecast that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $0.78 to $2.70. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for SM Energy.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. The company had revenue of $769.60 million during the quarter, compared to analysts’ expectations of $361.40 million. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. SM Energy’s quarterly revenue was up 106.5% on a year-over-year basis. During the same period last year, the business earned ($0.18) earnings per share.

Several brokerages recently weighed in on SM. Williams Capital set a $40.00 price target on SM Energy and gave the company a “buy” rating in a research report on Thursday, February 22nd. ValuEngine upgraded SM Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Deutsche Bank began coverage on SM Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $32.00 price target for the company. Susquehanna Bancshares upgraded SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus reduced their price target on SM Energy from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Monday, April 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. SM Energy has a consensus rating of “Buy” and an average target price of $28.13.

Several institutional investors and hedge funds have recently modified their holdings of SM. EnCap Energy Capital Fund IX L.P. purchased a new stake in shares of SM Energy during the fourth quarter worth approximately $180,780,000. Millennium Management LLC increased its position in shares of SM Energy by 33.0% during the first quarter. Millennium Management LLC now owns 9,116,966 shares of the energy company’s stock worth $164,379,000 after purchasing an additional 2,263,004 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of SM Energy by 1,195.8% during the first quarter. Point72 Asset Management L.P. now owns 1,626,200 shares of the energy company’s stock worth $29,320,000 after purchasing an additional 1,500,700 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of SM Energy during the first quarter worth approximately $20,727,000. Finally, Ceredex Value Advisors LLC purchased a new stake in shares of SM Energy during the first quarter worth approximately $18,302,000.

Shares of SM Energy opened at $24.65 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $2.89 billion, a P/E ratio of -30.06, a P/E/G ratio of 21.10 and a beta of 2.93. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th were given a $0.05 dividend. This represents a dividend yield of 0.61%. The ex-dividend date was Thursday, April 26th. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.

About SM Energy

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.

Get a free copy of the Zacks research report on SM Energy (SM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SM Energy (NYSE:SM)

Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply