Wall Street analysts expect SM Energy Co (NYSE:SM) to post $0.11 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for SM Energy’s earnings, with the lowest EPS estimate coming in at ($0.03) and the highest estimate coming in at $0.36. SM Energy reported earnings of ($0.25) per share during the same quarter last year, which would indicate a positive year over year growth rate of 144%. The business is expected to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that SM Energy will report full year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.87. For the next fiscal year, analysts expect that the firm will report earnings of $1.89 per share, with EPS estimates ranging from $1.17 to $2.92. Zacks’ earnings per share averages are an 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 2nd. The energy company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.09. The business had revenue of $402.60 million during the quarter, compared to the consensus estimate of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The firm’s revenue was up 41.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.32) EPS.

Several equities analysts have issued reports on SM shares. JPMorgan Chase & Co. upped their price target on shares of SM Energy from $32.00 to $36.00 and gave the company a “$26.55” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, October 9th. Stifel Nicolaus upped their price target on shares of SM Energy from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, July 20th. KLR Group restated a “buy” rating and issued a $40.00 price target on shares of SM Energy in a research report on Monday, August 20th. Finally, Williams Capital set a $44.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $31.60.

Institutional investors and hedge funds have recently bought and sold shares of the company. Qube Research & Technologies Ltd acquired a new stake in shares of SM Energy during the second quarter worth $109,000. Cerebellum GP LLC acquired a new stake in shares of SM Energy during the second quarter worth $181,000. Russell Investments Group Ltd. increased its position 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 buying an additional 2,570 shares during the period. Cypress Asset Management Inc. TX acquired a new stake in shares of SM Energy during the second quarter worth $218,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of SM Energy during the second quarter worth $259,000.

NYSE SM traded up $0.02 on Friday, hitting $29.01. The company’s stock had a trading volume of 1,869,200 shares, compared to its average volume of 3,027,806. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 0.91. SM Energy has a 1-year low of $16.11 and a 1-year high of $33.76. The stock has a market cap of $3.36 billion, a P/E ratio of -36.04, a price-to-earnings-growth ratio of 7.21 and a beta of 3.03.

The company also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th will be given a dividend of $0.05 per share. This represents a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, October 25th. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.

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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