Wall Street analysts predict that SM Energy Co (NYSE:SM) will post earnings of $0.10 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for SM Energy’s earnings. The highest EPS estimate is $0.31 and the lowest is ($0.06). SM Energy reported earnings of ($0.25) per share in the same quarter last year, which would indicate a positive year over year growth rate of 140%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 1st.

On average, analysts expect that SM Energy will report full-year earnings of $0.39 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.79. For the next financial year, analysts forecast that the company will post earnings of $1.65 per share, with EPS estimates ranging from $1.06 to $2.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover SM Energy.

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

SM has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of SM Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. JPMorgan Chase & Co. increased their target price on shares of SM Energy from $32.00 to $36.00 and gave the stock a “$26.55” rating in a research report on Monday, July 23rd. Williams Capital reiterated a “buy” rating and set a $44.00 target price on shares of SM Energy in a research report on Wednesday, May 23rd. TheStreet upgraded shares of SM Energy from a “d+” rating to a “c-” rating in a research report on Monday, July 9th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $26.00 target price on shares of SM Energy in a research report on Friday, July 20th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $30.13.

Shares of SM stock traded down $0.01 during mid-day trading on Friday, reaching $31.32. The company’s stock had a trading volume of 152,609 shares, compared to its average volume of 2,021,005. SM Energy has a 1-year low of $14.62 and a 1-year high of $31.56. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of -38.13, a P/E/G ratio of 7.82 and a beta of 3.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 0.91.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its position in SM Energy by 33.0% in the 1st quarter. Millennium Management LLC now owns 9,116,966 shares of the energy company’s stock valued at $164,379,000 after acquiring an additional 2,263,004 shares in the last quarter. BlackRock Inc. increased its position in SM Energy by 1.5% in the 2nd quarter. BlackRock Inc. now owns 9,014,452 shares of the energy company’s stock valued at $231,579,000 after acquiring an additional 130,241 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SM Energy by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,523,341 shares of the energy company’s stock valued at $193,278,000 after acquiring an additional 447,610 shares in the last quarter. Bank of America Corp DE increased its position in SM Energy by 209.4% in the 2nd quarter. Bank of America Corp DE now owns 3,471,682 shares of the energy company’s stock valued at $89,187,000 after acquiring an additional 2,349,442 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in SM Energy by 15.3% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,878,739 shares of the energy company’s stock valued at $73,955,000 after acquiring an additional 382,935 shares in the last quarter.

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 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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