FY2018 EPS Estimates for SM Energy Co. (SM) Reduced by Williams Capital
SM Energy Co. (NYSE:SM) – Analysts at Williams Capital lowered their FY2018 earnings per share (EPS) estimates for shares of SM Energy in a note issued to investors on Monday. Williams Capital analyst G. Sorbara now expects that the brokerage will post earnings of $2.16 per share for the year, down from their prior estimate of $2.31. Williams Capital has a “Buy” rating and a $57.00 price objective on the stock.
SM Energy (NYSE:SM) last released its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.71) by $0.27. SM Energy had a negative return on equity of 9.92% and a negative net margin of 73.55%. The firm earned $341.80 million during the quarter, compared to the consensus estimate of $328.18 million. During the same period last year, the business posted $0.49 EPS. SM Energy’s quarterly revenue was down 33.8% on a year-over-year basis.
SM has been the subject of a number of other reports. Seaport Global Securities upgraded SM Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $30.00 to $53.00 in a research note on Tuesday, August 30th. Scotiabank upgraded SM Energy from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $35.00 to $48.00 in a research note on Tuesday, October 4th. Howard Weil upgraded SM Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $35.00 to $48.00 in a research report on Tuesday, October 4th. Cantor Fitzgerald reiterated a “hold” rating on shares of SM Energy in a research report on Sunday, August 14th. Finally, Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, October 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average target price of $33.52.
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SM Energy (NYSE:SM) traded up 0.736% during trading on Tuesday, reaching $39.005. The company had a trading volume of 5,044,411 shares. SM Energy has a 52-week low of $6.99 and a 52-week high of $43.09. The company has a 50-day moving average of $37.27 and a 200-day moving average of $30.81. The firm’s market capitalization is $2.67 billion.
Several institutional investors have recently bought and sold shares of SM. MSI Financial Services Inc boosted its position in SM Energy by 35.0% in the third quarter. MSI Financial Services Inc now owns 20,938 shares of the energy company’s stock valued at $808,000 after buying an additional 5,430 shares in the last quarter. Capstone Asset Management Co. boosted its position in SM Energy by 9.6% in the third quarter. Capstone Asset Management Co. now owns 12,356 shares of the energy company’s stock valued at $477,000 after buying an additional 1,080 shares in the last quarter. Fox Run Management L.L.C. bought a new position in SM Energy during the third quarter valued at approximately $617,000. Macquarie Group Ltd. boosted its position in SM Energy by 0.5% in the second quarter. Macquarie Group Ltd. now owns 1,580,149 shares of the energy company’s stock valued at $42,664,000 after buying an additional 7,598 shares in the last quarter. Finally, Mason Street Advisors LLC bought a new position in SM Energy during the second quarter valued at approximately $838,000. Institutional investors and hedge funds own 82.83% of the company’s stock.
In other news, SVP Kenneth J. Knott sold 661 shares of the business’s stock in a transaction on 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 directly owns 43,417 shares in the company, valued at approximately $1,736,680. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
The business also recently declared 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. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, October 19th. SM Energy’s dividend payout ratio is currently -0.80%.
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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