Q3 2017 Earnings Forecast for SM Energy Company (SM) Issued By KeyCorp
SM Energy Company (NYSE:SM) – Research analysts at KeyCorp increased their Q3 2017 earnings per share estimates for shares of SM Energy in a research note issued on Wednesday. KeyCorp analyst C. Stevens now expects that the energy company will post earnings per share of ($0.33) for the quarter, up from their prior estimate of ($0.34). KeyCorp currently has a “Buy” rating and a $26.00 price target on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2017 earnings at ($0.23) EPS, FY2017 earnings at ($1.06) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at $0.07 EPS and FY2018 earnings at ($0.42) EPS.
Other equities analysts have also issued research reports about the company. Williams Capital raised their price objective on SM Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Barclays PLC raised their target price on SM Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, October 11th. BMO Capital Markets set a $21.00 target price on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Mitsubishi UFJ Financial Group reissued a “neutral” rating on shares of SM Energy in a report on Monday, October 2nd. Finally, Royal Bank Of Canada set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $29.86.
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Shares of SM Energy (NYSE SM) opened at 18.41 on Monday. The stock’s 50 day moving average price is $16.93 and its 200 day moving average price is $17.75. The firm’s market cap is $2.05 billion. SM Energy has a one year low of $12.29 and a one year high of $42.45.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). The company had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The company’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) EPS.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 20th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a dividend yield of 0.54%. SM Energy’s dividend payout ratio is currently -3.19%.
Institutional investors have recently bought and sold shares of the company. Waldron LP raised its stake in SM Energy by 14.6% in the first quarter. Waldron LP now owns 40,737 shares of the energy company’s stock worth $978,000 after buying an additional 5,185 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of SM Energy by 35.3% during the first quarter. Russell Investments Group Ltd. now owns 8,606 shares of the energy company’s stock valued at $207,000 after purchasing an additional 2,245 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of SM Energy by 31.8% during the first quarter. Parametric Portfolio Associates LLC now owns 194,642 shares of the energy company’s stock valued at $4,675,000 after purchasing an additional 46,984 shares in the last quarter. Credit Agricole S A increased its stake in shares of SM Energy by 13.2% during the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after purchasing an additional 831 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of SM Energy by 419.7% during the first quarter. OppenheimerFunds Inc. now owns 76,967 shares of the energy company’s stock valued at $1,849,000 after purchasing an additional 62,158 shares in the last quarter. Institutional investors own 96.62% 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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