Capital One Financial Analysts Reduce Earnings Estimates for SM Energy (NYSE:SM)


SM Energy (NYSE:SMGet Rating) – Stock analysts at Capital One Financial decreased their Q2 2022 earnings estimates for SM Energy in a research report issued to clients and investors on Tuesday, July 12th. Capital One Financial analyst B. Velie now forecasts that the energy company will post earnings of $2.16 per share for the quarter, down from their previous estimate of $2.84. The consensus estimate for SM Energy’s current full-year earnings is $9.02 per share. Capital One Financial also issued estimates for SM Energy’s Q3 2022 earnings at $1.61 EPS, Q4 2022 earnings at $1.72 EPS, FY2022 earnings at $7.47 EPS, Q1 2023 earnings at $1.88 EPS, Q2 2023 earnings at $1.96 EPS, Q3 2023 earnings at $2.13 EPS, Q4 2023 earnings at $2.28 EPS and FY2023 earnings at $8.24 EPS.

SM Energy (NYSE:SMGet Rating) last announced its earnings results on Thursday, April 28th. The energy company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). The business had revenue of $859.78 million for the quarter, compared to the consensus estimate of $765.23 million. SM Energy had a net margin of 11.07% and a return on equity of 26.11%. The business’s quarterly revenue was up 93.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share.

Other equities analysts have also issued reports about the stock. StockNews.com assumed coverage on shares of SM Energy in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Raymond James boosted their target price on shares of SM Energy from $57.00 to $65.00 and gave the stock an “outperform” rating in a report on Monday, April 25th. Barclays boosted their target price on shares of SM Energy from $40.00 to $55.00 and gave the stock an “underweight” rating in a report on Tuesday, June 14th. Finally, KeyCorp boosted their target price on shares of SM Energy from $44.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.25.

Shares of NYSE SM opened at $32.21 on Thursday. The firm has a 50 day moving average of $40.34 and a 200 day moving average of $37.77. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 12.25 and a beta of 5.09. SM Energy has a 12-month low of $14.79 and a 12-month high of $54.97.

In other news, VP David J. Whitcomb sold 44,771 shares of the stock in a transaction on Monday, April 18th. The shares were sold at an average price of $41.79, for a total value of $1,870,980.09. Following the sale, the vice president now owns 39,925 shares of the company’s stock, valued at $1,668,465.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David W. Copeland sold 5,000 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $51.23, for a total transaction of $256,150.00. Following the completion of the sale, the executive vice president now directly owns 188,722 shares in the company, valued at approximately $9,668,228.06. The disclosure for this sale can be found here. In the last three months, insiders sold 69,771 shares of company stock worth $2,987,130. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in SM Energy by 1.7% during the 1st quarter. BlackRock Inc. now owns 19,579,955 shares of the energy company’s stock worth $762,639,000 after acquiring an additional 331,004 shares in the last quarter. Vanguard Group Inc. grew its holdings in SM Energy by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 14,038,853 shares of the energy company’s stock worth $546,814,000 after acquiring an additional 226,919 shares in the last quarter. State Street Corp grew its holdings in SM Energy by 13.7% during the 1st quarter. State Street Corp now owns 7,002,705 shares of the energy company’s stock worth $272,755,000 after acquiring an additional 842,589 shares in the last quarter. JB Investments Management LLC grew its holdings in SM Energy by 1.0% during the 4th quarter. JB Investments Management LLC now owns 5,053,651 shares of the energy company’s stock worth $148,982,000 after acquiring an additional 49,933 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in SM Energy by 8.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,897,988 shares of the energy company’s stock worth $151,837,000 after acquiring an additional 293,299 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

SM Energy Company Profile (Get Rating)

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas.

Further Reading

Earnings History and Estimates for SM Energy (NYSE:SM)



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