Brokerages expect that SM Energy Co (NYSE:SM) will announce sales of $429.54 million for the current quarter, according to Zacks. Eight analysts have made estimates for SM Energy’s earnings. The lowest sales estimate is $395.30 million and the highest is $493.80 million. SM Energy reported sales of $340.54 million in the same quarter last year, which indicates a positive year over year growth rate of 26.1%. The company is scheduled to report its next quarterly earnings report on Wednesday, February 20th.

According to Zacks, analysts expect that SM Energy will report full-year sales of $1.78 billion for the current financial year, with estimates ranging from $1.52 billion to $2.17 billion. For the next year, analysts forecast that the business will report sales of $2.01 billion, with estimates ranging from $1.85 billion to $2.09 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover SM Energy.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, November 1st. The energy company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). The firm had revenue of $459.37 million during the quarter, compared to analyst estimates of $429.63 million. SM Energy had a net margin of 8.56% and a return on equity of 0.59%. SM Energy’s revenue was up 55.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.25) earnings per share.

Several brokerages have weighed in on SM. KLR Group restated a “buy” rating and issued a $40.00 target price on shares of SM Energy in a research note on Monday, August 20th. Citigroup raised their target price on shares of SM Energy to $29.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Stifel Nicolaus lowered their target price on shares of SM Energy from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Finally, Royal Bank of Canada restated a “hold” rating and issued a $26.00 target price on shares of SM Energy in a research note on Friday, July 20th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. SM Energy has a consensus rating of “Buy” and a consensus target price of $32.31.

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in shares of SM Energy during the second quarter worth $109,000. IFP Advisors Inc raised its holdings in shares of SM Energy by 340.7% during the third quarter. IFP Advisors Inc now owns 4,341 shares of the energy company’s stock worth $137,000 after purchasing an additional 3,356 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of SM Energy by 50.2% during the second quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock worth $199,000 after purchasing an additional 2,570 shares during the last quarter. Cypress Asset Management Inc. TX purchased a new position in shares of SM Energy during the second quarter worth $218,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of SM Energy during the second quarter worth $259,000.

SM traded down $0.36 during trading on Wednesday, hitting $22.79. The stock had a trading volume of 2,351,361 shares, compared to its average volume of 3,102,822. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 188.31, a price-to-earnings-growth ratio of 8.13 and a beta of 2.99. SM Energy has a twelve month low of $16.11 and a twelve month high of $33.76. The company has a quick ratio of 0.91, a current ratio of 0.62 and a debt-to-equity ratio of 1.00.

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, October 25th. This represents a dividend yield of 0.31%. SM Energy’s payout ratio is currently -12.20%.

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 Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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

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