Analysts Expect SM Energy Company (SM) to Announce -$0.30 EPS
Equities research analysts expect SM Energy Company (NYSE:SM) to announce earnings per share of ($0.30) for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for SM Energy’s earnings, with the lowest EPS estimate coming in at ($0.36) and the highest estimate coming in at ($0.19). SM Energy posted earnings of ($0.37) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.9%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that SM Energy will report full-year earnings of ($1.09) per share for the current financial year, with EPS estimates ranging from ($1.26) to ($0.74). For the next year, analysts anticipate that the company will report earnings of ($0.91) per share, with EPS estimates ranging from ($1.97) to $0.21. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for SM Energy.
SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.32). The business had revenue of $284.94 million during the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.44) earnings per share.
Several research analysts have weighed in on SM shares. Barclays PLC restated an “overweight” rating and set a $30.00 price objective (down previously from $38.00) on shares of SM Energy in a report on Saturday, April 22nd. Royal Bank Of Canada set a $36.00 price objective on shares of SM Energy and gave the stock a “hold” rating in a report on Tuesday, April 25th. Williams Capital restated a “buy” rating and set a $40.00 price objective on shares of SM Energy in a report on Wednesday, May 3rd. Scotiabank restated an “outperform” rating and set a $5.25 price objective on shares of SM Energy in a report on Thursday, May 4th. Finally, Bank of America Corporation downgraded shares of SM Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $48.00 to $37.00 in a report on Thursday, May 11th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. SM Energy presently has an average rating of “Hold” and a consensus target price of $33.29.
In other SM Energy news, EVP Herbert S. Vogel bought 3,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the completion of the transaction, the executive vice president now directly owns 32,637 shares of the company’s stock, valued at $541,774.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Javan D. Ottoson bought 2,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of $16.44 per share, with a total value of $32,880.00. Following the transaction, the chief executive officer now directly owns 143,302 shares of the company’s stock, valued at $2,355,884.88. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of SM. Public Employees Retirement System of Ohio raised its position in shares of SM Energy by 17.3% in the second quarter. Public Employees Retirement System of Ohio now owns 49,191 shares of the energy company’s stock worth $813,000 after buying an additional 7,240 shares in the last quarter. Scotia Capital Inc. acquired a new position in shares of SM Energy during the second quarter worth $318,000. California State Teachers Retirement System raised its position in shares of SM Energy by 3.2% in the second quarter. California State Teachers Retirement System now owns 204,059 shares of the energy company’s stock worth $3,373,000 after buying an additional 6,263 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of SM Energy during the second quarter worth $3,668,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of SM Energy by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 143,814 shares of the energy company’s stock worth $2,377,000 after buying an additional 2,486 shares in the last quarter. Hedge funds and other institutional investors own 97.40% of the company’s stock.
SM Energy (NYSE SM) traded down 1.54% on Wednesday, reaching $14.09. 1,108,111 shares of the company were exchanged. The stock’s market capitalization is $1.57 billion. SM Energy has a 12-month low of $13.76 and a 12-month high of $43.09. The company’s 50-day moving average price is $16.27 and its 200-day moving average price is $20.79.
SM Energy Company Profile
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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