Zacks: Brokerages Expect SM Energy Co (SM) Will Post Earnings of -$0.15 Per Share

Wall Street analysts expect SM Energy Co (NYSE:SM) to post earnings per share (EPS) of ($0.15) for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for SM Energy’s earnings. The lowest EPS estimate is ($0.26) and the highest is ($0.01). SM Energy reported earnings of ($0.31) per share in the same quarter last year, which would indicate a positive year over year growth rate of 51.6%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 21st.

On average, analysts expect that SM Energy will report full year earnings of ($0.90) per share for the current fiscal year, with EPS estimates ranging from ($1.00) to ($0.75). For the next financial year, analysts forecast that the business will post earnings of $0.11 per share, with EPS estimates ranging from ($0.73) to $0.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SM Energy.

SM has been the subject of a number of recent analyst reports. KeyCorp reiterated a “buy” rating and issued a $26.00 price target on shares of SM Energy in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday, November 9th. Williams Capital reiterated a “buy” rating and issued a $39.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Credit Suisse Group initiated coverage on shares of SM Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price target for the company. Finally, Barclays upped their price target on shares of SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. SM Energy currently has an average rating of “Buy” and a consensus price target of $27.81.

Several hedge funds have recently added to or reduced their stakes in SM. Amundi Pioneer Asset Management Inc. purchased a new position in shares of SM Energy in the fourth quarter worth $134,000. State of Alaska Department of Revenue purchased a new position in shares of SM Energy in the fourth quarter worth $143,000. Tower Research Capital LLC TRC lifted its holdings in shares of SM Energy by 2,652.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after buying an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of SM Energy in the fourth quarter worth $232,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of SM Energy in the third quarter worth $261,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy (SM) traded down $1.07 on Tuesday, hitting $20.47. 4,280,000 shares of the company’s stock were exchanged, compared to its average volume of 3,530,000. The company has a market capitalization of $2,280.00, a price-to-earnings ratio of -6.02 and a beta of 2.94. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $29.30. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20.

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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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