SM Energy (SM) Set to Announce Earnings on Thursday

SM Energy (NYSE:SM) is scheduled to be releasing its earnings data after the market closes on Thursday, October 31st. Analysts expect SM Energy to post earnings of $1.53 per share for the quarter. Persons that wish to listen to the company’s conference call can do so using this link.

SM Energy (NYSE:SM) last posted its earnings results on Wednesday, August 7th. The energy company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.57 by $0.28. The company had revenue of $634.56 million during the quarter, compared to analyst estimates of $616.63 million. SM Energy had a return on equity of 21.01% and a net margin of 33.18%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, analysts expect SM Energy to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

SM Energy Trading Down 0.8 %

Shares of NYSE SM opened at $41.98 on Thursday. SM Energy has a 12-month low of $34.13 and a 12-month high of $53.26. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 6.63 and a beta of 4.18. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $42.92 and its 200 day simple moving average is $45.75.

SM Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Stockholders of record on Friday, October 25th will be issued a dividend of $0.20 per share. This is an increase from SM Energy’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, October 25th. This represents a $0.80 annualized dividend and a dividend yield of 1.91%. SM Energy’s payout ratio is 12.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SM. Wells Fargo & Company cut their price objective on shares of SM Energy from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 1st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $50.00 price target on shares of SM Energy in a report on Tuesday, October 8th. TD Cowen raised SM Energy from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $64.00 to $60.00 in a report on Tuesday, October 15th. Mizuho lowered their target price on SM Energy from $62.00 to $57.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. Finally, KeyCorp reduced their price target on SM Energy from $65.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.73.

About SM Energy

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.