Zacks: Analysts Anticipate SM Energy Co (NYSE:SM) to Announce -$0.03 Earnings Per Share

Wall Street analysts expect SM Energy Co (NYSE:SM) to announce earnings per share of ($0.03) for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for SM Energy’s earnings, with the lowest EPS estimate coming in at ($0.27) and the highest estimate coming in at $0.10. SM Energy reported earnings per share of ($0.01) in the same quarter last year, which would suggest a negative year over year growth rate of 200%. The company is expected to announce its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that SM Energy will report full-year earnings of ($0.37) per share for the current fiscal year, with EPS estimates ranging from ($0.94) to $0.05. For the next fiscal year, analysts forecast that the business will post earnings of $0.59 per share, with EPS estimates ranging from ($0.63) to $3.97. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for SM Energy.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, August 1st. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.13. SM Energy had a net margin of 2.91% and a negative return on equity of 2.07%. The firm had revenue of $407.17 million during the quarter, compared to the consensus estimate of $407.53 million. During the same quarter in the previous year, the firm posted $0.15 EPS.

A number of equities analysts have commented on SM shares. Raymond James dropped their target price on shares of SM Energy from $20.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, July 18th. Barclays cut shares of SM Energy from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $18.00 to $13.00 in a research report on Monday, July 1st. Capital One Financial raised shares of SM Energy from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 23rd. Stephens reissued an “overweight” rating and set a $20.00 target price (down previously from $26.00) on shares of SM Energy in a research report on Tuesday, June 18th. Finally, Bank of America reissued an “underperform” rating and set a $14.00 target price (down previously from $17.00) on shares of SM Energy in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and an average price target of $21.83.

In related news, EVP David W. Copeland purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $12.71 per share, with a total value of $127,100.00. Following the completion of the acquisition, the executive vice president now owns 106,454 shares in the company, valued at approximately $1,353,030.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SM. Twin Tree Management LP acquired a new stake in SM Energy during the first quarter valued at $36,000. Private Capital Group LLC grew its holdings in shares of SM Energy by 113.3% in the first quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,347 shares in the last quarter. CWM Advisors LLC acquired a new position in shares of SM Energy in the second quarter valued at approximately $179,000. Dupont Capital Management Corp grew its holdings in shares of SM Energy by 29.5% in the second quarter. Dupont Capital Management Corp now owns 15,349 shares of the energy company’s stock valued at $192,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new position in SM Energy during the 1st quarter worth approximately $199,000. 98.94% of the stock is owned by institutional investors and hedge funds.

Shares of SM stock traded down $0.15 during mid-day trading on Wednesday, reaching $9.70. 6,417,944 shares of the company’s stock traded hands, compared to its average volume of 3,083,695. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 323.33 and a beta of 2.97. SM Energy has a 12 month low of $8.51 and a 12 month high of $33.76. The company has a quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 0.97. The firm’s 50 day moving average price is $10.77.

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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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