$0.11 EPS Expected for SM Energy Co (SM) This Quarter

Wall Street analysts expect SM Energy Co (NYSE:SM) to post $0.11 earnings per share for the current quarter, according to Zacks. Eight analysts have made estimates for SM Energy’s earnings. The highest EPS estimate is $0.28 and the lowest is ($0.06). SM Energy posted earnings of ($0.25) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 144%. The firm is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that SM Energy will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.69. For the next financial year, analysts expect that the firm will post earnings of $1.86 per share, with EPS estimates ranging from $1.07 to $2.92. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover SM Energy.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.09. The firm had revenue of $402.60 million for the quarter, compared to analyst estimates of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The business’s revenue for the quarter was up 41.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS.

Several equities research analysts have recently weighed in on SM shares. Royal Bank of Canada set a $29.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Thursday, August 2nd. Stifel Nicolaus upped their target price on shares of SM Energy from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, July 20th. ValuEngine raised shares of SM Energy from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 2nd. Williams Capital set a $35.00 target price on shares of SM Energy and gave the stock a “buy” rating in a report on Friday, May 4th. Finally, JPMorgan Chase & Co. upped their target price on shares of SM Energy from $32.00 to $36.00 and gave the stock a “$26.55” rating in a report on Monday, July 23rd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $29.50.

SM Energy traded up $0.80, hitting $28.36, on Friday, MarketBeat reports. The company’s stock had a trading volume of 1,704,725 shares, compared to its average volume of 2,417,515. The firm has a market capitalization of $3.09 billion, a PE ratio of -34.59, a price-to-earnings-growth ratio of 6.71 and a beta of 2.96. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.91 and a quick ratio of 0.91. SM Energy has a one year low of $12.29 and a one year high of $29.35.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC acquired a new position in SM Energy during the 2nd quarter worth about $181,000. Russell Investments Group Ltd. lifted its position in SM Energy by 50.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,685 shares of the energy company’s stock worth $199,000 after buying an additional 2,570 shares in the last quarter. Cypress Asset Management Inc. TX acquired a new position in SM Energy during the 2nd quarter worth about $218,000. Crossmark Global Holdings Inc. acquired a new position in SM Energy during the 2nd quarter worth about $259,000. Finally, Radnor Capital Management LLC acquired a new position in SM Energy during the 2nd quarter worth about $302,000.

SM Energy Company Profile

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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