SM Energy Company (NYSE:SM) – Research analysts at KeyCorp lowered their FY2016 earnings estimates for SM Energy Company in a report released on Tuesday. KeyCorp analyst C. Stevens now forecasts that the brokerage will post earnings per share of ($1.89) for the year, down from their previous estimate of ($1.88). KeyCorp also issued estimates for SM Energy Company’s Q4 2016 earnings at ($0.32) EPS, Q1 2017 earnings at ($0.11) EPS, Q2 2017 earnings at ($0.10) EPS, Q3 2017 earnings at $0.06 EPS, Q4 2017 earnings at $0.17 EPS and FY2017 earnings at $0.03 EPS.

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Earnings History and Estimates for SM Energy Company (NYSE:SM)

A number of other equities research analysts also recently issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $35.00 price objective on shares of SM Energy Company in a research report on Wednesday. Bank of America began coverage on shares of SM Energy Company in a research report on Wednesday, January 4th. They issued a “buy” rating and a $52.00 price objective for the company. Zacks Investment Research downgraded shares of SM Energy Company from a “buy” rating to a “hold” rating in a research report on Tuesday, January 3rd. RBC Capital Markets reaffirmed a “hold” rating and issued a $43.00 price objective on shares of SM Energy Company in a research report on Tuesday, January 3rd. Finally, Stifel Nicolaus raised shares of SM Energy Company from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $51.00 in a research report on Thursday, December 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have issued a buy rating to the stock. SM Energy Company has a consensus rating of “Hold” and a consensus price target of $37.02.

Shares of SM Energy Company (NYSE:SM) traded down 2.22% on Friday, hitting $33.49. 762,769 shares of the stock traded hands. The stock’s market cap is $2.91 billion. The stock has a 50 day moving average price of $35.71 and a 200-day moving average price of $33.91. SM Energy Company has a 52 week low of $6.99 and a 52 week high of $43.09.

WARNING: “KeyCorp Brokers Decrease Earnings Estimates for SM Energy Company (SM)” was first reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this piece of content can be viewed at http://www.dailypolitical.com/2017/01/13/keycorp-brokers-decrease-earnings-estimates-for-sm-energy-company-sm.html.

A number of large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in shares of SM Energy Company during the second quarter worth approximately $285,000. Virginia Retirement Systems ET AL bought a new position in shares of SM Energy Company during the second quarter worth approximately $1,137,000. Vanguard Group Inc. boosted its position in shares of SM Energy Company by 1.3% in the second quarter. Vanguard Group Inc. now owns 5,060,965 shares of the energy company’s stock worth $136,646,000 after buying an additional 66,382 shares during the period. Principal Financial Group Inc. boosted its position in shares of SM Energy Company by 12.2% in the second quarter. Principal Financial Group Inc. now owns 255,551 shares of the energy company’s stock worth $6,900,000 after buying an additional 27,855 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of SM Energy Company by 67.3% in the second quarter. Prudential Financial Inc. now owns 1,104,336 shares of the energy company’s stock worth $29,817,000 after buying an additional 444,306 shares during the period. Institutional investors own 87.78% of the company’s stock.

About SM Energy Company

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.

5 Day Chart for NYSE:SM

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