SM Energy Co (NYSE:SM) – Analysts at Capital One Financial increased their FY2017 earnings per share (EPS) estimates for shares of SM Energy in a research note issued to investors on Wednesday. Capital One Financial analyst B. Velie now expects that the energy company will earn ($1.00) per share for the year, up from their previous forecast of ($1.04). Capital One Financial also issued estimates for SM Energy’s Q4 2017 earnings at ($0.25) EPS and FY2018 earnings at ($0.04) EPS.

SM Energy (NYSE:SM) last announced its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company had revenue of $295.40 million for the quarter, compared to the consensus estimate of $300.80 million. During the same period in the previous year, the business earned ($0.37) EPS. The company’s revenue was down 16.2% on a year-over-year basis.

Other equities analysts have also recently issued reports about the stock. Williams Capital restated a “buy” rating and set a $39.00 price target on shares of SM Energy in a report on Wednesday, January 10th. KeyCorp restated a “buy” rating and set a $26.00 price target on shares of SM Energy in a report on Friday, October 20th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, November 9th. Robert W. Baird set a $35.00 price target on shares of SM Energy and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Scotiabank restated a “hold” rating and set a $20.00 price target on shares of SM Energy in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.47.

SM Energy (NYSE:SM) opened at $26.84 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $34.79. The company has a market cap of $2,995.99, a price-to-earnings ratio of -7.87 and a beta of 3.02.

A number of large investors have recently modified their holdings of SM. Pacer Advisors Inc. boosted its holdings in SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock worth $163,000 after purchasing an additional 1,064 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in SM Energy by 43.7% in the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock worth $205,000 after purchasing an additional 3,762 shares in the last quarter. Van ECK Associates Corp boosted its holdings in SM Energy by 20.9% in the second quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock worth $236,000 after purchasing an additional 2,467 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in SM Energy in the third quarter worth $261,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in SM Energy by 63.9% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 18,100 shares of the energy company’s stock worth $299,000 after purchasing an additional 7,057 shares in the last quarter. Hedge funds and other institutional investors own 97.36% of the company’s stock.

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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.

Earnings History and Estimates for SM Energy (NYSE:SM)

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