$328.93 Million in Sales Expected for SM Energy Co (SM) This Quarter

Equities analysts predict that SM Energy Co (NYSE:SM) will report $328.93 million in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for SM Energy’s earnings. The highest sales estimate is $344.35 million and the lowest is $309.50 million. SM Energy reported sales of $379.90 million during the same quarter last year, which would suggest a negative year over year growth rate of 13.4%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, February 21st.

On average, analysts expect that SM Energy will report full year sales of $328.93 million for the current year, with estimates ranging from $1.10 billion to $1.33 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.56 billion per share, with estimates ranging from $1.34 billion to $1.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow SM Energy.

Several research analysts have commented on the company. ValuEngine downgraded SM Energy from a “sell” rating to a “strong sell” rating in a report on Tuesday. B. Riley initiated coverage on SM Energy in a research report on Monday, February 5th. They set a “buy” rating and a $36.00 target price on the stock. Stifel Nicolaus set a $44.00 target price on SM Energy and gave the company a “buy” rating in a research report on Monday, January 29th. Deutsche Bank initiated coverage on SM Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $32.00 target price on the stock. Finally, Robert W. Baird set a $35.00 target price on SM Energy and gave the company a “buy” rating in a research report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.81.

Several institutional investors have recently bought and sold shares of SM. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SM Energy in the 4th quarter worth $134,000. State of Alaska Department of Revenue acquired a new stake in shares of SM Energy in the 4th quarter worth $143,000. Tower Research Capital LLC TRC lifted its position in SM Energy by 2,652.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after acquiring an additional 6,524 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in SM Energy during the 4th quarter worth about $232,000. Finally, Granite Springs Asset Management LLC acquired a new stake in SM Energy during the 4th quarter worth about $243,000. 97.36% of the stock is owned by hedge funds and other institutional investors.

SM Energy (NYSE SM) opened at $21.43 on Thursday. The company has a market capitalization of $2,390.00, a price-to-earnings ratio of -6.30 and a beta of 2.94. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $28.63. 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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