Brokerages expect SM Energy Co (NYSE:SM) to post earnings per share of ($0.27) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for SM Energy’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.66). SM Energy posted earnings per share of ($0.31) during the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The company is expected to announce its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that SM Energy will report full-year earnings of ($1.05) per share for the current fiscal year, with EPS estimates ranging from ($1.40) to ($0.90). For the next year, analysts anticipate that the firm will post earnings of ($0.59) per share, with EPS estimates ranging from ($1.74) to $0.80. 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 announced its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. During the same period in the prior year, the company earned ($0.37) earnings per share. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year.

SM has been the subject of several recent analyst reports. Royal Bank Of Canada set a $20.00 price target on SM Energy and gave the stock a “hold” rating in a report on Thursday, August 24th. Williams Capital reiterated a “buy” rating and set a $30.00 price objective on shares of SM Energy in a report on Friday, September 15th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. BMO Capital Markets set a $21.00 price objective on SM Energy and gave the stock a “hold” rating in a report on Tuesday, October 10th. Finally, Barclays increased their price objective on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

Shares of SM Energy (NYSE:SM) traded down $0.37 during trading on Thursday, hitting $21.50. The company’s stock had a trading volume of 3,016,600 shares, compared to its average volume of 3,782,959. SM Energy has a 12 month low of $12.29 and a 12 month high of $39.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of SM Energy by 66.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock valued at $69,611,000 after buying an additional 1,688,246 shares during the last quarter. Key Group Holdings Cayman LTD. lifted its position in shares of SM Energy by 40.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock valued at $87,701,000 after buying an additional 1,538,955 shares during the last quarter. State Street Corp lifted its position in shares of SM Energy by 17.7% in the second quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after buying an additional 780,106 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in SM Energy by 39.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock worth $48,725,000 after purchasing an additional 773,741 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in SM Energy by 878.9% during the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock worth $12,329,000 after purchasing an additional 624,000 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for SM Energy (NYSE:SM)

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