SM: SM Energy Company Instablogs

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Tuesday, April 30, 6:24 PM SM Energy (SM): Q1 EPS of $0.82 beats by $0.24. Revenue of $484.2M beats by $26.89M. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 16, 7:14 AM SM Energy Co. (SM) declares $0.05/share semi-annual dividend, in line with previous. Forward yield 0.17%. For shareholders of record Apr. 26. Payable May 08. Ex-div date Apr. 24. (PR) Comment! [Dividends]
Monday, April 15, 9:46 AM SM Energy (SM -2.3%) announces positive exploration success in the Woodbine formation in East Texas. The Horizon Properties 2H well produced ~740 boe/day in a 24-hour test; the well will be shut-in to await construction of a gathering system. Cowen expects the field to spark provide catalysts for shares during H2. Comment! [Energy, On the Move]
Thursday, March 21, 2:39 PM With natural gas prices up 12% in March, some NGL plays have been left behind, Cowen's Nicholas Pope writes. He favors SM Energy (SM +0.3%), which trades at only 3.9x his 2014 estimate for EBITDA and has rallied a mere 2% this month. Range Resources (RRC +0.8%) is another NGL name but it also has significant dry gas exposure; dry-gas exposed names have rallied 17% this month. Comment! [Energy, Quick Ideas]
Thursday, February 21, 5:16 AM SM Energy (SM): Q4 EPS of $0.45 beats by $0.22. Revenue of $444.3M beats by $29.49M. (PR) Comment! [Earnings, Breaking News]
Wednesday, February 20, 12:10 AM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Tuesday, February 19, 5:35 PM Notable earnings after Wednesday’s close: AUY, CAKE, CROX, CXO, DEPO, ETE, ETP, FLR, FST, GDP, GNK, HLX, IAG, IDCC, JACK, KBR, PAAS, PPO, PVA, RBCN, RGP, SAM, SB, SM, SNPS, STAG, STR, SXL, SYNC, SZYM, TRN, TSLA, UNTD, WLT, WMB, WPZ, XCO Comment! [Earnings]
Thursday, December 20, 2012, 8:44 AM SM Energy (SM) announces a $1.5B capital expense budget for 2013, and expects production to grow 20% Y/Y to 255-267B cfe, with liquids expected to comprise 50% of production by 2013 year-end. Reaffirms Q4 and full-year 2012 production guidance of 57.5-60.5B cfe and 215.5-218.5B cfe, respectively. Comment! [Energy]
Thursday, November 1, 2012, 11:54 AM SM Energy (SM +11.5%) surges despite its Q3 report of higher operating expenses and lower revenue from divestitures. Howard Weil upgrades shares to Outperform, citing SM's meaningful steps in alleviating infrastructure constraints in the Eagle Ford, which should allow for exit rate operated volumes to reach ~300 MMcfe/day and FY12 growth to reach ~28%. Comment! [Energy, On the Move]
Wednesday, October 31, 2012, 5:45 PM SM Energy (SM): Q3 EPS of $0.14 beats by $0.06. Revenue of $378.9M (-28.6% Y/Y) beats by $14M. (PR) Comment! [Earnings, Energy]
Wednesday, October 31, 2012, 12:10 AM Notable earnings after Wednesday’s close: ALL, BBG, BMC, CCJ, CJES, CRUS, DRE, EEP, ELLI, FSLR, GGP, GNK, HTZ, KEG, MDU, MET, MRGE, MUR, NBIX, PSE, PVA, PXD, RGR, SM, SU, UNM, V, WES Comment! [Earnings]
Tuesday, October 30, 2012, 5:35 PM Notable earnings after Wednesday’s close: ALL, BBG, BMC, CCJ, CJES, CRUS, DRE, EEP, ELLI, FSLR, GGP, GNK, HTZ, KEG, MDU, MET, MRGE, MUR, NBIX, PSE, PVA, PXD, RGR, SM, SU, UNM, V, WES Comment! [Earnings]
Monday, October 22, 2012, 2:35 PM SM Energy (SM -2.5%) shares aren't helped so far by Global Hunter's Buy recommendation and $70 price target. SM's 283K net acres in the Eagle Ford and Bakken shale plays provide "tremendous" development visibility and reliable growth over the next five years, the firm says, and SM arguably has the most irons in the fire in terms of resource play concepts it is currently testing. Comment! [Energy, Quick Ideas, On the Move]
Monday, October 15, 2012, 8:17 AM SM Energy (SM) declares $0.05/semi-annual quarterly dividend, in line with previous. Forward yield 0.18%. For shareholders of record Oct 26. Payable Nov 07. Ex-div date Oct 24. (PR) Comment! [Dividends]
Wednesday, September 5, 2012, 12:35 PM SM Energy (SM +5.6%) shares jump on news that net production from the Eagle Ford shale program averaged 230 MMcfe/day in July, and the company is starting up additional tank batteries to allow for continued production growth. Also, the borrowing base on SM's revolving credit facility is increased by its bank group to $1.55B from $1.4B. Comment! [Energy, On the Move]
Wednesday, August 29, 2012, 10:25 AM Canaccord analyst John Gerdes handicaps his favorite E&P names in a new research note, writing that the price dynamic between crude oil and natural gas has led the industry to direct money away from gas activities and toward oil development, which carries higher margins. His favorites: APC, EOG, COG, SM, CRK, SN. Comment! [Energy, Quick Ideas]

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