SM Energy Company (NYSE:SM) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SM to report 3Q20 loss of $ 0.28 per share.
For the full year, analysts anticipate top line of $ 1179.57 million, while looking forward to loss of $ 0.6 per share bottom line.
Previous Quarter Performance
SM Energy Company unfold loss for the second quarter of $ 0.15 per share, from the revenue of $ 169.63 million. Wall street analysts are predicting, SM to report 2Q20 loss of $ 0.50 per share from revenue of $ 291.27 million. The bottom line results beat street analysts by $ 0.35 or 70.00 percent, at the same time, top line results fell short of analysts by $ 121.64 million or 41.76 percent.
Stock Performance
Shares of SM Energy Company traded low $ -0.12 or -7.89 percent on Wednesday, reaching $ 1.40 with volume of 3.85 million shares. SM Energy Company has traded high as $ 1.48 and has cracked $ 1.36 on the downward trend
According to the previous trading day, closing price of $ 1.40, representing a 68.89 % increase from the 52 week low of $ 0.90 and a 87.74 % decrease over the 52 week high of $ 12.40.
The company has a market capital of $ 160.24 million and is part of the Energy sector and Oil & Gas E&P industry.
Conference Call
SM Energy Company will be hosting a conference call at 10:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sm-energy.com
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States. The company was formerly known as St.
