SM Energy Co (NYSE:SM) – Investment analysts at KeyCorp issued their Q1 2019 earnings estimates for shares of SM Energy in a research report issued on Tuesday. KeyCorp analyst C. Stevens anticipates that the energy company will post earnings per share of $0.52 for the quarter. KeyCorp has a “Buy” rating and a $26.00 price target on the stock. KeyCorp also issued estimates for SM Energy’s Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.65 EPS and FY2019 earnings at $2.39 EPS.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group initiated coverage on shares of SM Energy in a report on Monday. They issued an “outperform” rating and a $27.00 target price on the stock. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Thursday, November 9th. Barclays upped their target price on shares of SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, November 20th. Scotiabank reaffirmed a “hold” rating and issued a $20.00 price objective on shares of SM Energy in a research report on Wednesday, November 22nd. Finally, Williams Capital increased their target price on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.79.
SM Energy (NYSE:SM) last posted its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.07. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company’s revenue was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.37) earnings per share.
A number of institutional investors have recently modified their holdings of the business. California Public Employees Retirement System raised its holdings in SM Energy by 18.5% in the third quarter. California Public Employees Retirement System now owns 325,626 shares of the energy company’s stock worth $5,777,000 after buying an additional 50,926 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of SM Energy by 148.4% in the third quarter. Cubist Systematic Strategies LLC now owns 31,470 shares of the energy company’s stock worth $558,000 after acquiring an additional 18,802 shares during the period. Point72 Asset Management L.P. grew its stake in shares of SM Energy by 1,420.7% in the third quarter. Point72 Asset Management L.P. now owns 498,800 shares of the energy company’s stock worth $8,849,000 after acquiring an additional 466,000 shares during the period. Janus Henderson Group PLC grew its stake in shares of SM Energy by 14.9% in the third quarter. Janus Henderson Group PLC now owns 156,001 shares of the energy company’s stock worth $2,767,000 after acquiring an additional 20,229 shares during the period. Finally, Napier Park Global Capital US LP bought a new stake in shares of SM Energy in the third quarter worth approximately $710,000. 97.36% of the stock is owned by institutional investors and hedge funds.
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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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