KeyCorp Analysts Reduce Earnings Estimates for SM Energy Co (SM)
SM Energy Co (NYSE:SM) – Stock analysts at KeyCorp decreased their Q2 2017 earnings per share estimates for shares of SM Energy in a research note issued to investors on Sunday. KeyCorp analyst C. Stevens now expects that the energy company will post earnings per share of ($0.30) for the quarter, down from their prior forecast of ($0.29). KeyCorp also issued estimates for SM Energy’s Q3 2017 earnings at ($0.18) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.69) EPS, Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.53 EPS and FY2018 earnings at $1.20 EPS.
SM Energy (NYSE:SM) last issued its earnings results on Tuesday, May 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.54. The business had revenue of $372.74 million during the quarter, compared to analysts’ expectations of $309.43 million. SM Energy had a negative net margin of 78.60% and a negative return on equity of 10.79%. WARNING: “KeyCorp Analysts Reduce Earnings Estimates for SM Energy Co (SM)” was first reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/05/24/keycorp-analysts-reduce-earnings-estimates-for-sm-energy-co-sm.html.
Several other analysts have also commented on SM. Williams Capital set a $40.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Tuesday, May 16th. Scotiabank lowered shares of SM Energy from an “outperform” rating to a “sector perform” rating and set a $24.00 price target for the company. in a research report on Tuesday, May 16th. Royal Bank of Canada set a $41.00 price target on shares of SM Energy and gave the company a “hold” rating in a research report on Friday, February 24th. Piper Jaffray Companies decreased their price target on shares of SM Energy from $48.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, February 1st. Finally, Barclays PLC reissued an “overweight” rating and set a $30.00 price target (down from $38.00) on shares of SM Energy in a research report on Saturday, April 22nd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. SM Energy has a consensus rating of “Buy” and a consensus target price of $39.94.
SM Energy (NYSE:SM) opened at 20.71 on Wednesday. SM Energy has a one year low of $19.32 and a one year high of $43.09. The stock’s market capitalization is $2.30 billion. The firm has a 50-day moving average of $22.06 and a 200 day moving average of $28.32.
A number of institutional investors have recently modified their holdings of SM. Tyers Asset Management LLC acquired a new position in shares of SM Energy during the fourth quarter valued at $125,000. Meadow Creek Investment Management LLC increased its position in shares of SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares during the period. Flinton Capital Management LLC acquired a new position in shares of SM Energy during the fourth quarter valued at $151,000. Credit Agricole S A increased its position in shares of SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares during the period. Finally, Neuburgh Advisers LLC increased its position in shares of SM Energy by 172.9% in the first quarter. Neuburgh Advisers LLC now owns 7,744 shares of the energy company’s stock valued at $186,000 after buying an additional 4,906 shares during the period. Institutional investors own 88.28% of the company’s stock.
In other SM Energy news, Director William D. Sullivan purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The shares were bought at an average price of $25.69 per share, for a total transaction of $256,900.00. Following the acquisition, the director now owns 70,279 shares in the company, valued at $1,805,467.51. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Javan D. Ottoson purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 27th. The stock was acquired at an average price of $25.22 per share, for a total transaction of $126,100.00. Following the acquisition, the chief executive officer now owns 138,102 shares in the company, valued at approximately $3,482,932.44. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 20,000 shares of company stock worth $500,100. 1.70% of the stock is owned by corporate insiders.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, May 3rd. Investors of record on Friday, April 21st were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, April 19th. This represents a yield of 0.43%. SM Energy’s dividend payout ratio (DPR) is presently -0.76%.
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 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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