SM Energy (SM) Scheduled to Post Quarterly Earnings on Thursday

SM Energy (NYSE:SM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $1.29 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 21st. The energy company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.17. The company had revenue of $608.73 million for the quarter, compared to analyst estimates of $611.35 million. SM Energy had a return on equity of 20.74% and a net margin of 34.45%. SM Energy’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, analysts expect SM Energy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

SM Energy Stock Up 0.4 %

SM Energy stock opened at $50.01 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.45 and a current ratio of 1.45. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 7.28 and a beta of 4.20. SM Energy has a fifty-two week low of $25.03 and a fifty-two week high of $53.26. The stock’s fifty day moving average is $46.92 and its two-hundred day moving average is $41.19.

SM Energy Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, April 18th. SM Energy’s dividend payout ratio (DPR) is 10.48%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Raymond James decreased their price objective on SM Energy from $53.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, January 8th. Susquehanna lifted their price target on SM Energy from $42.00 to $51.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company lifted their price target on SM Energy from $45.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, April 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $45.00 price target on shares of SM Energy in a research report on Monday, February 5th. Finally, Seaport Res Ptn raised SM Energy from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.57.

SM Energy Company Profile

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St.