Zacks: Brokerages Anticipate SM Energy Co (SM) Will Post Earnings of $0.08 Per Share

Wall Street analysts forecast that SM Energy Co (NYSE:SM) will report earnings per share (EPS) of $0.08 for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for SM Energy’s earnings, with estimates ranging from ($0.10) to $0.25. SM Energy posted earnings per share of ($0.08) in the same quarter last year, which indicates a positive year-over-year growth rate of 200%. The business is expected to report its next earnings results on Wednesday, February 20th.

On average, analysts expect that SM Energy will report full year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.01 to $0.58. For the next financial year, analysts expect that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.19 to $3.36. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for SM Energy.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, November 1st. The energy company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.17). The company had revenue of $459.37 million for the quarter, compared to analysts’ expectations of $429.63 million. SM Energy had a net margin of 8.56% and a return on equity of 0.59%. The firm’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.25) EPS.

SM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on SM Energy from $32.00 to $36.00 and gave the company a “$26.55” rating in a report on Monday, July 23rd. Williams Capital set a $44.00 target price on SM Energy and gave the company a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, October 9th. KLR Group reaffirmed a “buy” rating and set a $40.00 target price on shares of SM Energy in a report on Monday, August 20th. Finally, Stifel Nicolaus reduced their target price on SM Energy from $41.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.31.

SM stock opened at $24.48 on Monday. The company has a quick ratio of 0.91, a current ratio of 0.62 and a debt-to-equity ratio of 1.00. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 186.85, a P/E/G ratio of 7.62 and a beta of 2.99. SM Energy has a twelve month low of $16.11 and a twelve month high of $33.76.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 25th. This represents a dividend yield of 0.31%. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.

Institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in SM Energy in the 2nd quarter worth approximately $109,000. IFP Advisors Inc lifted its position in SM Energy by 340.7% in the 3rd quarter. IFP Advisors Inc now owns 4,341 shares of the energy company’s stock worth $137,000 after buying an additional 3,356 shares during the last quarter. Russell Investments Group Ltd. lifted its position in SM Energy by 50.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock worth $199,000 after buying an additional 2,570 shares during the last quarter. Cypress Asset Management Inc. TX bought a new stake in SM Energy in the 2nd quarter worth approximately $218,000. Finally, Crossmark Global Holdings Inc. bought a new stake in SM Energy in the 2nd quarter worth approximately $259,000.

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 Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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