SM Energy Co. (SM) Expected to Earn FY2018 Earnings of $2.16 Per Share
SM Energy Co. (NYSE:SM) – Investment analysts at Williams Capital decreased their FY2018 earnings per share (EPS) estimates for SM Energy in a report released on Monday. Williams Capital analyst G. Sorbara now anticipates that the brokerage will post earnings per share of $2.16 for the year, down from their prior forecast of $2.31. Williams Capital currently has a “Buy” rating and a $57.00 target price on the stock.
SM Energy (NYSE:SM) last announced 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. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The firm had revenue of $341.80 million for the quarter, compared to the consensus estimate of $328.18 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis.
Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of SM Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Mitsubishi UFJ Financial Group upgraded shares of SM Energy from an “underweight” rating to a “neutral” rating and set a $36.00 price target for the company in a research note on Tuesday, August 23rd. Seaport Global Securities upgraded shares of SM Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $53.00 in a research note on Tuesday, August 30th. Cantor Fitzgerald restated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research note on Wednesday, August 3rd. Finally, KLR Group upgraded shares of SM Energy from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $43.00 in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $34.64.
Shares of SM Energy (NYSE:SM) traded up 4.41% during midday trading on Tuesday, reaching $40.73. 4,928,461 shares of the company traded hands. SM Energy has a 12 month low of $6.99 and a 12 month high of $43.09. The company’s 50 day moving average is $37.32 and its 200-day moving average is $30.87. The stock’s market capitalization is $2.79 billion.
The firm also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 21st will be given a $0.05 dividend. This represents a yield of 0.29%. The ex-dividend date is Wednesday, October 19th. SM Energy’s dividend payout ratio (DPR) is presently -0.80%.
In other SM Energy news, SVP Kenneth J. Knott sold 661 shares of the business’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $40.00, for a total value of $26,440.00. Following the sale, the senior vice president now directly owns 43,417 shares in the company, valued at $1,736,680. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.70% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in SM Energy during the second quarter valued at about $124,000. BlueMountain Capital Management LLC bought a new stake in SM Energy during the second quarter valued at about $230,000. Teacher Retirement System of Texas increased its stake in SM Energy by 11.9% in the second quarter. Teacher Retirement System of Texas now owns 9,305 shares of the energy company’s stock valued at $251,000 after buying an additional 993 shares during the last quarter. Amalgamated Bank bought a new stake in SM Energy during the second quarter valued at about $277,000. Finally, Tower Research Capital LLC TRC bought a new stake in SM Energy during the second quarter valued at about $285,000. Hedge funds and other institutional investors own 82.83% of the company’s stock.
About SM Energy
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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