SM Energy (SM) Issues Quarterly Earnings Results

SM Energy (NYSE:SM) announced its earnings results on Wednesday. The energy company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.07), Bloomberg Earnings reports. The business had revenue of $394.20 million for the quarter, compared to the consensus estimate of $373.95 million. SM Energy had a net margin of 8.56% and a return on equity of 0.59%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS.

Shares of SM traded up $0.61 during midday trading on Wednesday, reaching $19.69. The stock had a trading volume of 3,533,043 shares, compared to its average volume of 2,774,031. SM Energy has a 52 week low of $13.15 and a 52 week high of $33.76. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $2.16 billion, a PE ratio of -24.01, a P/E/G ratio of 5.17 and a beta of 3.07.

Several institutional investors and hedge funds have recently bought and sold shares of SM. IFP Advisors Inc raised its position in shares of SM Energy by 340.7% during the third quarter. IFP Advisors Inc now owns 4,341 shares of the energy company’s stock worth $137,000 after purchasing an additional 3,356 shares during the period. Bessemer Group Inc. acquired a new stake in shares of SM Energy during the fourth quarter worth $75,000. Nisa Investment Advisors LLC acquired a new stake in shares of SM Energy during the fourth quarter worth $79,000. Alambic Investment Management L.P. acquired a new stake in shares of SM Energy during the third quarter worth $221,000. Finally, LPL Financial LLC acquired a new stake in shares of SM Energy during the third quarter worth $232,000.

Several analysts have weighed in on the company. Zacks Investment Research raised SM Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Barclays set a $26.00 price objective on SM Energy and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Capital One Financial downgraded SM Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Tudor Pickering downgraded SM Energy from a “buy” rating to a “hold” rating in a research note on Friday, December 14th. Finally, Williams Capital reissued a “buy” rating and issued a $36.00 price objective on shares of SM Energy in a research note on Wednesday, December 12th. Nine research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $31.93.

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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 Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.

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Earnings History for SM Energy (NYSE:SM)

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