Brokerages forecast that SM Energy Co (NYSE:SM) will announce ($0.27) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for SM Energy’s earnings, with estimates ranging from ($0.66) to ($0.07). SM Energy reported earnings of ($0.31) per share in the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The firm is scheduled to announce its next earnings report on Wednesday, February 28th.

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

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

A number of equities analysts have recently weighed in on the stock. Scotiabank reaffirmed a “hold” rating and set a $20.00 price target on shares of SM Energy in a research note on Wednesday, November 22nd. Barclays upped their price target on shares of SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, November 9th. J P Morgan Chase & Co raised shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Monday, October 23rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $26.00 price target on shares of SM Energy in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.00.

SM Energy (NYSE:SM) traded up $0.01 during trading hours on Thursday, hitting $21.82. 2,850,000 shares of the stock were exchanged, compared to its average volume of 4,240,000. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $39.28.

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado lifted its holdings in SM Energy by 2.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the energy company’s stock valued at $308,000 after purchasing an additional 418 shares in the last quarter. Virtu KCG Holdings LLC lifted its holdings in SM Energy by 2.2% in the 2nd quarter. Virtu KCG Holdings LLC now owns 22,075 shares of the energy company’s stock valued at $365,000 after purchasing an additional 475 shares in the last quarter. Atlantic Trust Group LLC lifted its holdings in SM Energy by 0.5% in the 2nd quarter. Atlantic Trust Group LLC now owns 99,559 shares of the energy company’s stock valued at $1,645,000 after purchasing an additional 500 shares in the last quarter. Texas Permanent School Fund lifted its holdings in SM Energy by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 71,482 shares of the energy company’s stock valued at $1,182,000 after purchasing an additional 597 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in SM Energy by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 41,300 shares of the energy company’s stock valued at $683,000 after purchasing an additional 600 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

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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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