SM Energy (NYSE:SM) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 3rd. Analysts expect the company to announce earnings of ($0.04) per share for the quarter.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.07. The firm 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 company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.31) EPS. On average, analysts expect SM Energy to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE SM opened at $23.28 on Thursday. The company has a market capitalization of $2,497.32, a PE ratio of -28.39, a PEG ratio of 11.32 and a beta of 2.98. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20. 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 has been the topic of a number of recent analyst reports. UBS upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Stifel Nicolaus set a $44.00 price target on shares of SM Energy and gave the stock a “buy” rating in a research report on Monday, January 29th. Citigroup upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Bank of America dropped their price target on shares of SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday, March 8th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. SM Energy has an average rating of “Buy” and a consensus target price of $27.93.
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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