Trade Report: The SM Energy Co. (SM) to Release Earnings on Tuesday

The SM Energy Co. (SM) to Release Earnings on Tuesday

SM Energy Co. (NYSE:SM) will release its Q316 earnings data on Tuesday, November 1st. Persons interested in registering for the company’s earnings conference call can do so using this link.

SM Energy (NYSE:SM) last posted its earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.71) by $0.27. The firm earned $341.80 million during the quarter, compared to analysts’ expectations of $328.18 million. SM Energy had a negative return on equity of 9.92% and a negative net margin of 73.55%. The firm’s revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, analysts expect SM Energy to post $-2.37 EPS for the current fiscal year and $-1.93 EPS for the next fiscal year.

Shares of SM Energy Co. (NYSE:SM) opened at 34.59 on Monday. The company’s 50-day moving average price is $37.12 and its 200 day moving average price is $31.83. SM Energy Co. has a 1-year low of $6.99 and a 1-year high of $43.09. The stock’s market cap is $2.37 billion.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, November 2nd. Investors of record on Friday, October 21st will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, October 19th. This represents a yield of 0.29%. SM Energy’s dividend payout ratio (DPR) is presently -0.80%.

SM has been the topic of several recent analyst reports. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research report on Friday, August 19th. KLR Group upgraded SM Energy from an “accumulate” rating to a “buy” rating and upped their price target for the stock from $37.00 to $43.00 in a research note on Tuesday, August 9th. Williams Capital assumed coverage on SM Energy in a research note on Monday, August 29th. They set a “buy” rating and a $57.00 price target for the company. Seaport Global Securities upgraded SM Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $30.00 to $53.00 in a research note on Tuesday, August 30th. Finally, Cantor Fitzgerald restated a “hold” rating and set a $24.00 price target on shares of SM Energy in a research note on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.58.

In other SM Energy news, SVP Kenneth J. Knott sold 661 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $40.00, for a total transaction of $26,440.00. Following the transaction, the senior vice president now owns 43,417 shares of the company’s stock, valued at approximately $1,736,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. BlueMountain Capital Management LLC bought a new stake in shares of SM Energy during the second quarter valued at about $230,000. Ameritas Investment Partners Inc. bought a new stake in shares of SM Energy during the second quarter valued at about $291,000. BOKF NA increased its stake in shares of SM Energy by 7.6% in the second quarter. BOKF NA now owns 13,630 shares of the energy company’s stock valued at $368,000 after buying an additional 962 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of SM Energy during the second quarter valued at about $415,000. Finally, Profund Advisors LLC increased its stake in shares of SM Energy by 24.8% in the second quarter. Profund Advisors LLC now owns 16,907 shares of the energy company’s stock valued at $456,000 after buying an additional 3,359 shares during the period. 82.83% of the stock is currently owned by institutional investors and hedge funds.

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