Analysts Expect SM Energy Co (SM) Will Post Earnings of -$0.36 Per Share

Wall Street analysts expect SM Energy Co (NYSE:SM) to report earnings per share (EPS) of ($0.36) for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for SM Energy’s earnings, with estimates ranging from ($0.49) to ($0.26). SM Energy posted earnings per share of ($0.83) in the same quarter last year, which would indicate a positive year over year growth rate of 56.6%. The company is scheduled to report its next earnings results after the market closes on Tuesday, May 2nd.

On average, analysts expect that SM Energy will report full-year earnings of ($1.04) per share for the current year, with EPS estimates ranging from ($1.30) to ($0.68). For the next financial year, analysts forecast that the firm will report earnings of ($0.11) per share, with EPS estimates ranging from ($0.98) to $1.26. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for SM Energy.

A number of research analysts recently commented on SM shares. Scotiabank restated a “buy” rating and issued a $33.00 target price on shares of SM Energy in a research note on Monday, March 27th. Deutsche Bank AG dropped their price objective on SM Energy from $39.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, March 7th. Williams Capital reiterated a “buy” rating and set a $45.00 price objective on shares of SM Energy in a research note on Monday, April 17th. BMO Capital Markets reiterated a “hold” rating and set a $35.00 price objective on shares of SM Energy in a research note on Wednesday, January 11th. Finally, Wolfe Research upgraded SM Energy from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $40.32.

In related news, EVP Herbert S. Vogel bought 1,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was purchased at an average cost of $25.70 per share, for a total transaction of $25,700.00. Following the transaction, the executive vice president now owns 28,037 shares in the company, valued at approximately $720,550.90. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William D. Sullivan bought 10,000 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were bought at an average price of $25.69 per share, with a total value of $256,900.00. Following the completion of the transaction, the director now owns 70,279 shares in the company, valued at approximately $1,805,467.51. The disclosure for this purchase can be found here. Insiders purchased a total of 20,000 shares of company stock valued at $500,100 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund increased its stake in SM Energy by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,885 shares of the energy company’s stock worth $814,000 after buying an additional 500 shares during the last quarter. Emerald Advisers Inc. PA boosted its position in SM Energy by 6.6% in the first quarter. Emerald Advisers Inc. PA now owns 38,565 shares of the energy company’s stock worth $926,000 after buying an additional 2,400 shares during the period. Russell Investments Group Ltd. boosted its position in SM Energy by 35.3% in the first quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock worth $207,000 after buying an additional 2,245 shares during the period. Nikko Asset Management Americas Inc. boosted its position in SM Energy by 95.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 492,507 shares of the energy company’s stock worth $11,830,000 after buying an additional 241,000 shares during the period. Finally, First Mercantile Trust Co. boosted its position in SM Energy by 31.9% in the first quarter. First Mercantile Trust Co. now owns 37,870 shares of the energy company’s stock worth $909,000 after buying an additional 9,160 shares during the period. Hedge funds and other institutional investors own 88.28% of the company’s stock.

Shares of SM Energy (NYSE:SM) traded down 0.48% during midday trading on Monday, reaching $22.59. 3,750,915 shares of the company traded hands. The company’s 50 day moving average is $22.45 and its 200-day moving average is $30.36. SM Energy has a 12 month low of $20.01 and a 12 month high of $43.09. The stock’s market capitalization is $2.51 billion.

The company also recently declared a semiannual dividend, which will be paid on Wednesday, May 3rd. Investors of record on Friday, April 21st will be paid a $0.05 dividend. The ex-dividend date is Wednesday, April 19th. This represents a yield of 0.43%. SM Energy’s dividend payout ratio (DPR) is presently -0.76%.

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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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