Wall Street brokerages forecast that SM Energy Co (NYSE:SM) will post $328.93 million in sales for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for SM Energy’s earnings. The lowest sales estimate is $309.50 million and the highest is $344.35 million. SM Energy posted sales of $379.90 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.4%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that SM Energy will report full-year sales of $328.93 million for the current year, with estimates ranging from $1.10 billion to $1.33 billion. For the next financial year, analysts forecast that the firm will post sales of $1.56 billion per share, with estimates ranging from $1.34 billion to $1.68 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover SM Energy.
Several equities analysts have weighed in on SM shares. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, November 9th. Williams Capital restated a “buy” rating and set a $39.00 price objective on shares of SM Energy in a research note on Wednesday, January 10th. Credit Suisse Group started coverage on SM Energy in a research note on Monday, December 11th. They set an “outperform” rating and a $27.00 price objective on the stock. Barclays raised their price objective on SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. upgraded SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $27.81.
Shares of SM Energy (NYSE SM) traded down $0.01 during trading hours on Thursday, reaching $21.84. The company’s stock had a trading volume of 2,593,007 shares, compared to its average volume of 3,570,000. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $28.63. The company has a market cap of $2,440.00, a PE ratio of -6.42 and a beta of 2.94.
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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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