SM Energy Co (SM) Expected to Earn Q1 2018 Earnings of ($0.03) Per Share
SM Energy Co (NYSE:SM) – Equities research analysts at Capital One Financial issued their Q1 2018 earnings per share (EPS) estimates for shares of SM Energy in a research note issued to investors on Wednesday. Capital One Financial analyst B. Velie expects that the energy company will earn ($0.03) per share for the quarter. Capital One Financial also issued estimates for SM Energy’s Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at $0.00 EPS and Q4 2018 earnings at $0.07 EPS.
A number of other brokerages have also weighed in on SM. Royal Bank of Canada reissued a “hold” rating and issued a $24.00 price objective on shares of SM Energy in a report on Wednesday. Robert W. Baird set a $35.00 price objective on SM Energy and gave the company a “buy” rating in a report on Wednesday. KeyCorp reissued an “overweight” rating and issued a $31.00 price objective (up from $26.00) on shares of SM Energy in a report on Wednesday. Williams Capital reissued a “buy” rating and issued a $39.00 price objective on shares of SM Energy in a report on Wednesday. Finally, Credit Suisse Group started coverage on SM Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.47.
Shares of SM Energy (NYSE SM) opened at $26.84 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20. SM Energy has a 12 month low of $12.29 and a 12 month high of $35.29. The company has a market capitalization of $3,000.00, a PE ratio of -7.89 and a beta of 3.02.
SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $295.40 million during the quarter, compared to analysts’ expectations of $300.80 million. During the same period last year, the business posted ($0.37) earnings per share. The firm’s revenue was down 16.2% compared to the same quarter last year.
Institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in SM Energy by 12.1% during the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after acquiring an additional 1,064 shares during the period. Russell Investments Group Ltd. grew its holdings in SM Energy by 43.7% during the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after acquiring an additional 3,762 shares during the period. Van ECK Associates Corp grew its holdings in SM Energy by 20.9% during the second quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after acquiring an additional 2,467 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in SM Energy during the third quarter worth about $261,000. Finally, Nisa Investment Advisors LLC acquired a new stake in SM Energy during the fourth quarter worth about $384,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.
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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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