SM Energy (SM) Set to Announce Earnings on Thursday

SM Energy (NYSE:SM) will 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. Parties that wish to listen to the company’s conference call can do so using this link.

SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.28. The company had revenue of $634.56 million for 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 firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 EPS. 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 Stock Performance

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

SM Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SM shares. BMO Capital Markets dropped their price objective on SM Energy from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Mizuho dropped their price target on SM Energy from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Stephens reiterated an “overweight” rating and issued a $63.00 price objective on shares of SM Energy in a research report on Thursday, June 27th. TD Cowen raised shares of SM Energy from a “hold” rating to a “buy” rating and lowered their price objective for the company from $64.00 to $60.00 in a research note on Tuesday, October 15th. Finally, StockNews.com cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.73.

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.