Q3 2016 Earnings Estimate for SM Energy Co. Issued By KeyCorp (SM)
SM Energy Co. (NYSE:SM) – Investment analysts at KeyCorp lowered their Q3 2016 earnings per share estimates for shares of SM Energy in a research report issued on Thursday. KeyCorp analyst C. Stevens now expects that the brokerage will post earnings per share of ($0.53) for the quarter, down from their previous estimate of ($0.51). KeyCorp currently has a “Overweight” rating and a $40.00 price target on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2016 earnings at ($0.46) EPS, FY2016 earnings at ($2.24) EPS and FY2017 earnings at ($1.05) EPS.
Several other equities research analysts have also recently weighed in on SM. Cantor Fitzgerald restated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday, August 3rd. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $35.00 to $48.00 in a research report on Tuesday, October 4th. Mitsubishi UFJ Financial Group upgraded shares of SM Energy from an “underweight” rating to a “neutral” rating and set a $36.00 price target on the stock in a research report on Tuesday, August 23rd. Barclays PLC boosted their price objective on shares of SM Energy from $32.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.52.
SM Energy (NYSE:SM) opened at 38.90 on Monday. The company’s market capitalization is $2.66 billion. The company has a 50 day moving average of $37.24 and a 200 day moving average of $30.49. SM Energy has a 52 week low of $6.99 and a 52 week high of $42.33.
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SM Energy (NYSE:SM) last issued its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.27. The company earned $341.80 million during the quarter, compared to analyst estimates of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. SM Energy’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a dividend yield of 0.29%. SM Energy’s dividend payout ratio (DPR) is currently -0.80%.
In other news, SVP Kenneth J. Knott sold 661 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $40.00, for a total transaction of $26,440.00. Following the transaction, the senior vice president now owns 43,417 shares in the company, valued at $1,736,680. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new position in SM Energy during the second quarter valued at about $124,000. BlueMountain Capital Management LLC bought a new position in SM Energy during the second quarter valued at about $230,000. Teacher Retirement System of Texas increased its position 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 period. Amalgamated Bank bought a new position in SM Energy during the second quarter valued at about $277,000. Finally, Tower Research Capital LLC TRC bought a new position in SM Energy during the second quarter valued at about $285,000. Hedge funds and other institutional investors own 82.89% of the company’s stock.
SM Energy Company Profile
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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