SM Energy (NYSE:SM) Expected to Post Earnings of $2.13 Per Share

Brokerages forecast that SM Energy (NYSE:SMGet Rating) will post earnings per share (EPS) of $2.13 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for SM Energy’s earnings, with the lowest EPS estimate coming in at $1.83 and the highest estimate coming in at $2.61. SM Energy posted earnings of $0.01 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 21,200%. The firm is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that SM Energy will report full year earnings of $8.42 per share for the current fiscal year, with EPS estimates ranging from $6.73 to $10.31. For the next fiscal year, analysts anticipate that the business will report earnings of $9.96 per share, with EPS estimates ranging from $7.85 to $12.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SM Energy.

SM Energy (NYSE:SMGet Rating) last released its earnings results on Thursday, April 28th. The energy company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.07 by ($0.09). SM Energy had a net margin of 11.07% and a return on equity of 26.11%. The firm had revenue of $859.78 million during the quarter, compared to analyst estimates of $765.23 million. During the same period last year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 93.7% on a year-over-year basis.

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their target price on SM Energy from $43.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, March 14th. StockNews.com started coverage on SM Energy in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Barclays raised their target price on shares of SM Energy from $23.00 to $39.00 in a research note on Friday, March 18th. Zacks Investment Research downgraded SM Energy from a “strong-buy” rating to a “hold” rating and set a $42.00 price target for the company. in a report on Tuesday, March 22nd. Finally, Raymond James boosted their target price on shares of SM Energy from $57.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $47.56.

SM Energy stock opened at $38.06 on Wednesday. SM Energy has a 1 year low of $14.79 and a 1 year high of $43.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $4.64 billion, a P/E ratio of 14.47 and a beta of 5.18. The business has a 50-day moving average of $38.30 and a 200-day moving average of $35.06.

The firm also recently declared a Semi-Annual dividend, which was paid on Friday, May 6th. Investors of record on Friday, April 22nd were given a dividend of $0.01 per share. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, April 21st. SM Energy’s payout ratio is 0.76%.

In other SM Energy news, VP David J. Whitcomb sold 44,771 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $41.79, for a total value of $1,870,980.09. Following the transaction, the vice president now directly owns 39,925 shares in the company, valued at approximately $1,668,465.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David J. Whitcomb sold 9,254 shares of the firm’s stock in a transaction on Monday, March 21st. The shares were sold at an average price of $39.45, for a total transaction of $365,070.30. The disclosure for this sale can be found here. Insiders have sold 110,333 shares of company stock valued at $4,511,905 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ensign Peak Advisors Inc raised its position in shares of SM Energy by 30.0% in the 3rd quarter. Ensign Peak Advisors Inc now owns 125,800 shares of the energy company’s stock worth $3,319,000 after purchasing an additional 29,000 shares during the last quarter. Gotham Asset Management LLC lifted its stake in SM Energy by 4.4% in the 3rd quarter. Gotham Asset Management LLC now owns 110,325 shares of the energy company’s stock worth $2,910,000 after purchasing an additional 4,627 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in SM Energy during the fourth quarter valued at approximately $323,000. BOKF NA bought a new position in shares of SM Energy during the 3rd quarter valued at approximately $1,137,000. Finally, Natixis Advisors L.P. lifted its position in SM Energy by 7.6% during the fourth quarter. Natixis Advisors L.P. now owns 15,877 shares of the energy company’s stock valued at $468,000 after purchasing an additional 1,125 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

About SM Energy (Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

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

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