Zacks: Brokerages Expect SM Energy (SM) Will Announce Earnings of -$0.04 Per Share

Analysts expect SM Energy (NYSE:SM) to post earnings of ($0.04) per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for SM Energy’s earnings. The highest EPS estimate is $0.11 and the lowest is ($0.13). SM Energy posted earnings of $0.18 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 122.2%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 1st.

On average, analysts expect that SM Energy will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from ($0.44) to $0.93. For the next fiscal year, analysts forecast that the business will post earnings of $1.40 per share, with EPS estimates ranging from $0.31 to $2.83. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for SM Energy.

SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The business had revenue of $340.53 million during the quarter, compared to the consensus estimate of $330.83 million. During the same quarter last year, the company earned ($0.31) earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year.



Several equities analysts recently issued reports on the company. Williams Capital set a $38.00 price objective on SM Energy and gave the stock a “buy” rating in a research note on Wednesday, April 4th. Susquehanna Bancshares upgraded SM Energy from a “neutral” rating to a “positive” rating in a research note on Tuesday, February 20th. Bank of America reduced their price objective on SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, March 8th. B. Riley reduced their price objective on SM Energy from $36.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, KeyCorp restated an “overweight” rating and set a $31.00 price objective (up from $26.00) on shares of SM Energy in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.87.

Hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. bought a new stake in SM Energy in the fourth quarter valued at $134,000. State of Alaska Department of Revenue bought a new stake in SM Energy in the fourth quarter valued at $143,000. Tower Research Capital LLC TRC lifted its stake in SM Energy by 2,652.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after buying an additional 6,524 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in SM Energy in the fourth quarter valued at $232,000. Finally, Granite Springs Asset Management LLC bought a new stake in SM Energy in the fourth quarter valued at $243,000. Institutional investors own 97.36% of the company’s stock.

SM traded up $0.29 during trading hours on Thursday, hitting $20.30. 3,624,057 shares of the stock were exchanged, compared to its average volume of 3,603,178. SM Energy has a 12 month low of $12.29 and a 12 month high of $28.20. The stock has a market capitalization of $2,154.44, a PE ratio of -24.60, a price-to-earnings-growth ratio of 15.96 and a beta of 2.98. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.98 and a quick ratio of 0.98.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Friday, April 27th will be paid a $0.05 dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, April 26th. SM Energy’s payout ratio is -12.20%.

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About SM Energy

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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Earnings History and Estimates for SM Energy (NYSE:SM)

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