Equities research analysts expect SM Energy (NYSE:SM) to report sales of $333.36 million for the current quarter, Zacks reports. Eight analysts have issued estimates for SM Energy’s earnings, with estimates ranging from $307.20 million to $370.00 million. SM Energy posted sales of $284.94 million during the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The company is scheduled to issue its next earnings report on Thursday, August 2nd.
On average, analysts expect that SM Energy will report full year sales of $1.61 billion for the current fiscal year, with estimates ranging from $1.45 billion to $1.91 billion. For the next year, analysts forecast that the company will post sales of $1.91 billion per share, with estimates ranging from $1.75 billion to $2.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow SM Energy.
SM Energy (NYSE:SM) last posted its quarterly earnings data on Friday, May 4th. The energy company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. The business had revenue of $769.60 million for the quarter, compared to analysts’ expectations of $361.40 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The business’s revenue was up 106.5% on a year-over-year basis.
Several equities research analysts have recently issued reports on SM shares. Stifel Nicolaus set a $44.00 price objective on SM Energy and gave the stock a “buy” rating in a report on Monday, January 29th. UBS upgraded SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Citigroup upgraded SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Bank of America decreased their price objective on SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, March 8th. Finally, Tudor Pickering upgraded SM Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company’s stock. SM Energy currently has an average rating of “Buy” and a consensus price target of $27.53.
A number of institutional investors have recently modified their holdings of the stock. ING Groep NV boosted its holdings in SM Energy by 23.6% in the fourth quarter. ING Groep NV now owns 15,496 shares of the energy company’s stock valued at $342,000 after acquiring an additional 2,960 shares during the last quarter. American International Group Inc. boosted its holdings in SM Energy by 1.6% in the fourth quarter. American International Group Inc. now owns 212,650 shares of the energy company’s stock valued at $4,695,000 after acquiring an additional 3,249 shares during the last quarter. First Mercantile Trust Co. raised its position in SM Energy by 20.3% in the first quarter. First Mercantile Trust Co. now owns 21,212 shares of the energy company’s stock valued at $383,000 after purchasing an additional 3,576 shares during the period. Swiss National Bank raised its position in SM Energy by 2.3% in the first quarter. Swiss National Bank now owns 175,050 shares of the energy company’s stock valued at $3,156,000 after purchasing an additional 3,900 shares during the period. Finally, King Luther Capital Management Corp raised its position in SM Energy by 33.5% in the first quarter. King Luther Capital Management Corp now owns 23,104 shares of the energy company’s stock valued at $417,000 after purchasing an additional 5,800 shares during the period.
Shares of SM stock traded up $0.14 during mid-day trading on Friday, hitting $26.64. 1,704,051 shares of the company’s stock were exchanged, compared to its average volume of 3,564,533. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $28.20. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of -32.49, a price-to-earnings-growth ratio of 17.61 and a beta of 2.93.
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, May 9th. Investors of record on Friday, April 27th were issued a $0.05 dividend. This represents a yield of 0.61%. The ex-dividend date of this dividend was Thursday, April 26th. SM Energy’s payout ratio is currently -12.20%.
About SM Energy
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 South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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