SM Energy (SM) Set to Announce Earnings on Thursday

SM Energy (NYSE:SM) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.17. The business had revenue of $608.73 million during the quarter, compared to analyst estimates of $611.35 million. SM Energy had a net margin of 34.45% and a return on equity of 20.74%. The company’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. On average, analysts expect SM Energy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

SM Energy Stock Performance

SM opened at $50.01 on Thursday. The firm has a market cap of $5.79 billion, a P/E ratio of 7.28 and a beta of 4.20. SM Energy has a 1-year low of $25.03 and a 1-year high of $53.26. The company has a 50 day simple moving average of $46.92 and a two-hundred day simple moving average of $41.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.45 and a quick ratio of 1.45.

SM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be given a $0.18 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. SM Energy’s payout ratio is currently 10.48%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SM. Susquehanna boosted their target price on shares of SM Energy from $42.00 to $51.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company boosted their target price on shares of SM Energy from $45.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 18th. Mizuho upped their price target on shares of SM Energy from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Seaport Res Ptn raised shares of SM Energy from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Finally, KeyCorp upped their price target on shares of SM Energy from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, SM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $52.57.

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.