Brokerages Expect SM Energy (NYSE:SM) to Post $0.81 EPS

Analysts expect SM Energy (NYSE:SM) to report earnings of $0.81 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for SM Energy’s earnings, with estimates ranging from $0.53 to $1.23. SM Energy reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 3,950%. The firm is scheduled to report its next earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that SM Energy will report full year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.27 to $1.76. For the next financial year, analysts anticipate that the company will post earnings of $5.58 per share, with EPS estimates ranging from $4.13 to $7.41. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow SM Energy.

SM Energy (NYSE:SM) last released its quarterly earnings data on Friday, October 29th. The energy company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.60. SM Energy had a negative net margin of 26.52% and a positive return on equity of 5.19%. The business had revenue of $760.20 million during the quarter, compared to analysts’ expectations of $520.81 million. During the same quarter in the prior year, the company earned ($0.05) EPS. The firm’s quarterly revenue was up 170.5% on a year-over-year basis.

SM has been the subject of a number of research analyst reports. TheStreet raised shares of SM Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, October 6th. Barclays upped their target price on shares of SM Energy from $20.00 to $23.00 and gave the stock an “underweight” rating in a research note on Monday, December 27th. Stifel Nicolaus reduced their price objective on shares of SM Energy from $51.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, December 22nd. Royal Bank of Canada increased their price objective on shares of SM Energy from $36.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 2nd. Finally, Cowen upgraded shares of SM Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $34.25 to $42.00 in a research note on Friday, December 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $38.00.

Shares of NYSE SM opened at $36.64 on Friday. The firm has a market cap of $4.45 billion, a PE ratio of -7.60 and a beta of 5.74. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 1.27. SM Energy has a 1-year low of $7.76 and a 1-year high of $38.25. The company has a fifty day moving average price of $31.57 and a 200 day moving average price of $26.28.

In other SM Energy news, CAO Patrick A. Lytle sold 12,543 shares of the stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $36.74, for a total value of $460,829.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Rose M. Robeson sold 15,000 shares of the stock in a transaction dated Tuesday, November 2nd. The shares were sold at an average price of $36.72, for a total transaction of $550,800.00. The disclosure for this sale can be found here. Insiders sold a total of 82,543 shares of company stock valued at $2,977,330 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SM. Millennium Management LLC increased its holdings in shares of SM Energy by 146.6% during the third quarter. Millennium Management LLC now owns 2,200,029 shares of the energy company’s stock worth $58,037,000 after purchasing an additional 1,307,941 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in SM Energy by 1,035.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 978,464 shares of the energy company’s stock valued at $25,812,000 after acquiring an additional 892,314 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in SM Energy by 32.3% in the third quarter. Goldman Sachs Group Inc. now owns 3,470,999 shares of the energy company’s stock valued at $91,565,000 after acquiring an additional 847,599 shares during the last quarter. Allianz Asset Management GmbH increased its stake in SM Energy by 1,700.4% in the third quarter. Allianz Asset Management GmbH now owns 792,837 shares of the energy company’s stock valued at $20,915,000 after acquiring an additional 748,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in SM Energy by 23.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,662,099 shares of the energy company’s stock valued at $90,191,000 after acquiring an additional 698,537 shares during the last quarter. 81.34% of the stock is currently owned by institutional investors.

SM Energy Company Profile

SM Energy Co is an independent energy company, which is engages in the acquisition, exploration, development, and production of crude oil, natural gas and natural gas liquids. Its operations are located in Midland Basin and South Texas. The company was founded in 1908 and is headquartered in Denver, CO.

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

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