Brokerages expect SM Energy Co (NYSE:SM) to announce $403.77 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for SM Energy’s earnings. The lowest sales estimate is $369.07 million and the highest is $441.00 million. SM Energy posted sales of $443.92 million in the same quarter last year, which would indicate a negative year over year growth rate of 9%. The business is expected to report its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that SM Energy will report full year sales of $1.63 billion for the current fiscal year, with estimates ranging from $1.61 billion to $1.66 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.98 billion, with estimates ranging from $1.81 billion to $2.47 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow SM Energy.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, May 1st. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $340.90 million for the quarter, compared to the consensus estimate of $341.25 million. SM Energy had a net margin of 0.82% and a negative return on equity of 1.52%. The firm’s revenue was down 55.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share.

A number of research firms have recently commented on SM. ValuEngine downgraded SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Susquehanna Bancshares reiterated a “neutral” rating and set a $20.00 target price (down from $21.00) on shares of SM Energy in a research report on Wednesday, April 17th. Cowen began coverage on SM Energy in a research report on Tuesday, April 9th. They set an “outperform” rating and a $23.00 target price for the company. Wells Fargo & Co reiterated a “buy” rating on shares of SM Energy in a research report on Friday, April 12th. Finally, Barclays lowered SM Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $26.00 to $20.00 in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $29.00.

Shares of NYSE SM traded down $0.60 during midday trading on Friday, reaching $14.77. 128,327 shares of the stock traded hands, compared to its average volume of 2,528,619. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $1.73 billion, a P/E ratio of 494.33 and a beta of 3.03. SM Energy has a one year low of $13.15 and a one year high of $33.76.

The business also recently declared a semiannual dividend, which was paid on Wednesday, May 8th. Investors of record on Friday, April 26th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, April 25th. This represents a yield of 0.58%. SM Energy’s payout ratio is presently 333.33%.

In other SM Energy news, CEO Javan D. Ottoson bought 5,000 shares of SM Energy stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $14.63 per share, for a total transaction of $73,150.00. Following the completion of the purchase, the chief executive officer now directly owns 182,126 shares in the company, valued at approximately $2,664,503.38. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.94% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC grew its position in shares of SM Energy by 5.5% during the 4th quarter. Brandywine Global Investment Management LLC now owns 385,196 shares of the energy company’s stock worth $5,963,000 after buying an additional 20,014 shares in the last quarter. Man Group plc bought a new stake in SM Energy during the third quarter valued at about $1,138,000. Norges Bank bought a new stake in SM Energy during the fourth quarter valued at about $21,558,000. Teachers Advisors LLC boosted its holdings in SM Energy by 41.4% in the third quarter. Teachers Advisors LLC now owns 193,187 shares of the energy company’s stock worth $6,091,000 after acquiring an additional 56,556 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC acquired a new stake in SM Energy in the fourth quarter worth about $172,000.

SM Energy Company Profile

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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.

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