SM Energy Co reports results for the quarter ended March 31 - Earnings Summary

• SM Energy Co SM.N reported quarterly adjusted earnings of $1.76​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.41. The mean expectation of fifteen analysts for the quarter was for earnings of $1.61 per share. Wall Street expected results to range from $1.15 to $1.94 per share.

• Revenue rose 50.8% to $844.54 million from a year ago; analysts expected $828.72 million.

• SM Energy Co's reported EPS for the quarter was $1.59​.

• The company reported quarterly net income of $182.27 million.

• SM Energy Co shares had fallen by 23.9% this quarter and lost 41.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 21% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for SM Energy Co is $37.00

This summary was machine generated from LSEG data May 2 at 04:31 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)