SM Energy Co reports results for the quarter ended September 30 - Earnings Summary

• SM Energy Co SM.N reported quarterly adjusted earnings of $1.95​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.33. The mean expectation of sixteen analysts for the quarter was for earnings of $1.98 per share. Wall Street expected results to range from $1.53 to $2.17 per share.

• Revenue rose 167.6% to $2.17 billion from a year ago; analysts expected $2.03 billion.

• SM Energy Co's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $93 million.

• SM Energy Co shares had risen by 8.6% this quarter and gained 96.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.7% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 6 "hold" and 1 "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 $46.00, about 20.3% above its last closing price of $36.67

This summary was machine generated from LSEG data November 4 at 02:51 p.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)