FY2017 EPS Estimates for SM Energy Company (SM) Increased by Analyst
SM Energy Company (NYSE:SM) – Equities researchers at Capital One Financial Corporation boosted their FY2017 earnings per share estimates for SM Energy in a research note issued on Monday. Capital One Financial Corporation analyst B. Velie now forecasts that the energy company will post earnings of ($1.04) per share for the year, up from their prior forecast of ($1.12).
A number of other research analysts have also issued reports on SM. Bank of America Corporation initiated coverage on SM Energy in a research report on Wednesday, July 19th. They set a “neutral” rating and a $20.00 price objective for the company. Zacks Investment Research lowered SM Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Williams Capital set a $32.00 price objective on SM Energy and gave the company a “buy” rating in a research report on Friday, August 4th. BMO Capital Markets set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub lowered SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. SM Energy has a consensus rating of “Hold” and a consensus price target of $27.79.
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SM Energy (SM) opened at $20.71 on Wednesday. SM Energy has a 12-month low of $12.29 and a 12-month high of $42.45. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 2.21.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The business had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. During the same period in the previous year, the business earned ($0.37) EPS. The business’s quarterly revenue was down 16.2% on a year-over-year basis.
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 19th. This represents a yield of 0.54%. SM Energy’s dividend payout ratio (DPR) is presently -2.93%.
A number of hedge funds have recently made changes to their positions in SM. Pacer Advisors Inc. lifted its holdings in shares of SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in shares of SM Energy in the second quarter valued at $165,000. B & T Capital Management DBA Alpha Capital Management lifted its holdings in shares of SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after buying an additional 335 shares during the period. ING Groep NV acquired a new stake in shares of SM Energy in the second quarter valued at $197,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of SM Energy by 43.7% in the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after buying an additional 3,762 shares during the period. Institutional investors own 98.05% 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 in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.
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