SM Energy Co (NYSE:SM) – Equities researchers at B. Riley issued their FY2017 earnings per share estimates for shares of SM Energy in a report issued on Monday. B. Riley analyst R. Rashid expects that the energy company will earn ($0.93) per share for the year. B. Riley has a “Buy” rating and a $36.00 price target on the stock. B. Riley also issued estimates for SM Energy’s Q4 2017 earnings at ($0.19) EPS, Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.26 EPS, Q4 2018 earnings at $0.38 EPS, FY2018 earnings at $0.90 EPS, Q1 2019 earnings at $0.52 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.82 EPS and FY2019 earnings at $2.57 EPS.
Other equities research analysts also recently issued reports about the company. KeyCorp reiterated a “buy” rating and issued a $26.00 price target on shares of SM Energy in a report on Friday, October 20th. Williams Capital increased their price target on SM Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, November 9th. Robert W. Baird set a $35.00 price objective on SM Energy and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Stifel Nicolaus set a $44.00 price objective on SM Energy and gave the stock a “buy” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.81.
A number of large investors have recently made changes to their positions in SM. Dimensional Fund Advisors LP grew its stake in SM Energy by 66.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock worth $69,611,000 after purchasing an additional 1,688,246 shares in the last quarter. State Street Corp boosted its position in SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after acquiring an additional 780,106 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in SM Energy by 39.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,746,616 shares of the energy company’s stock valued at $48,725,000 after acquiring an additional 773,741 shares in the last quarter. Mackenzie Financial Corp boosted its position in SM Energy by 878.9% during the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock valued at $12,329,000 after acquiring an additional 624,000 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in SM Energy by 451.2% during the 2nd quarter. Renaissance Technologies LLC now owns 737,000 shares of the energy company’s stock valued at $12,183,000 after acquiring an additional 603,300 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.