SM Energy Co (SM) Expected to Announce Earnings of -$0.27 Per Share

Brokerages expect that SM Energy Co (NYSE:SM) will report earnings per share (EPS) of ($0.27) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for SM Energy’s earnings, with the lowest EPS estimate coming in at ($0.66) and the highest estimate coming in at ($0.07). SM Energy reported earnings per share of ($0.31) in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The business is expected to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that SM Energy will report full year earnings of ($1.05) per share for the current fiscal year, with EPS estimates ranging from ($1.40) to ($0.90). For the next year, analysts anticipate that the business will post earnings of ($0.59) per share, with EPS estimates ranging from ($1.74) to $0.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for SM Energy.

SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.07. The business had revenue of $295.40 million during the quarter, compared to analyst estimates of $300.80 million. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The company’s revenue was down 16.2% compared to the same quarter last year. During the same period last year, the company posted ($0.37) EPS.

SM has been the subject of a number of research analyst reports. J P Morgan Chase & Co upgraded SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, October 23rd. KeyCorp restated a “buy” rating and issued a $26.00 target price on shares of SM Energy in a report on Friday, October 20th. Mitsubishi UFJ Financial Group restated a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Williams Capital increased their target price on SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Barclays increased their target price on SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. SM Energy presently has a consensus rating of “Hold” and an average price target of $25.79.

Several large investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of SM Energy by 2.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock worth $308,000 after acquiring an additional 418 shares in the last quarter. Virtu KCG Holdings LLC raised its holdings in shares of SM Energy by 2.2% during the second quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock worth $365,000 after acquiring an additional 475 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in shares of SM Energy by 0.5% during the second quarter. Atlantic Trust Group LLC now owns 99,559 shares of the energy company’s stock worth $1,645,000 after acquiring an additional 500 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of SM Energy by 0.8% during the second quarter. Texas Permanent School Fund now owns 71,482 shares of the energy company’s stock worth $1,182,000 after acquiring an additional 597 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of SM Energy by 1.5% during the second quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock worth $683,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

SM Energy (NYSE SM) traded down $0.37 on Thursday, hitting $21.55. The stock had a trading volume of 3,904,887 shares, compared to its average volume of 3,773,415. SM Energy has a one year low of $12.29 and a one year high of $37.48. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.

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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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