-$0.04 Earnings Per Share Expected for SM Energy Co (SM) This Quarter

Analysts expect SM Energy Co (NYSE:SM) to report earnings per share (EPS) of ($0.04) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for SM Energy’s earnings. The lowest EPS estimate is ($0.13) and the highest is $0.11. SM Energy posted earnings of $0.18 per share in the same quarter last year, which indicates a negative year over year growth rate of 122.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that SM Energy will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from ($0.44) to $0.93. For the next year, analysts expect that the business will post earnings of $1.40 per share, with EPS estimates ranging from $0.31 to $2.83. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for SM Energy.

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SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. The business had revenue of $340.53 million for the quarter, compared to the consensus estimate of $330.83 million. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.31) earnings per share.

Several research analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $24.00 target price on shares of SM Energy in a research report on Wednesday, January 10th. Robert W. Baird set a $35.00 target price on shares of SM Energy and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Williams Capital reissued a “buy” rating and issued a $39.00 target price on shares of SM Energy in a research report on Wednesday, January 10th. KeyCorp reissued an “overweight” rating and issued a $31.00 target price (up from $26.00) on shares of SM Energy in a research report on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. SM Energy currently has an average rating of “Buy” and a consensus price target of $27.87.

SM Energy stock opened at $17.93 on Thursday. The company has a market capitalization of $2,039.41, a PE ratio of -21.87, a PEG ratio of 11.35 and a beta of 2.98. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.21. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $28.20.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Friday, April 27th will be issued a dividend of $0.05 per share. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, April 26th. SM Energy’s dividend payout ratio is currently -12.20%.

Hedge funds have recently bought and sold shares of the stock. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SM Energy during the fourth quarter worth approximately $134,000. State of Alaska Department of Revenue acquired a new stake in SM Energy in the fourth quarter valued at approximately $143,000. Tower Research Capital LLC TRC lifted its stake in SM Energy by 2,652.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after acquiring an additional 6,524 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in SM Energy in the fourth quarter valued at approximately $232,000. Finally, Granite Springs Asset Management LLC acquired a new stake in SM Energy in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

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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.

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

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