Q1 2018 EPS Estimates for SM Energy Co (SM) Increased by Analyst

SM Energy Co (NYSE:SM) – Stock analysts at Seaport Global Securities increased their Q1 2018 EPS estimates for SM Energy in a research report issued on Wednesday. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings of ($0.08) per share for the quarter, up from their prior estimate of ($0.15). Seaport Global Securities also issued estimates for SM Energy’s Q2 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.07 EPS and FY2018 earnings at ($0.01) EPS.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The company had revenue of $340.53 million for the quarter, compared to the consensus estimate of $330.83 million. During the same period in the prior year, the company posted ($0.31) EPS. The company’s revenue was down 10.4% compared to the same quarter last year.

A number of other research analysts also recently issued reports on the stock. Williams Capital restated a “buy” rating and set a $39.00 target price on shares of SM Energy in a research report on Wednesday, January 10th. Credit Suisse Group initiated coverage on shares of SM Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $27.00 target price on the stock. B. Riley initiated coverage on shares of SM Energy in a research report on Monday, February 5th. They set a “buy” rating and a $36.00 target price on the stock. Robert W. Baird upped their target price on shares of SM Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Finally, Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the company a “buy” rating in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. SM Energy has an average rating of “Buy” and a consensus target price of $28.00.

SM Energy (NYSE:SM) opened at $18.57 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.21. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20. The stock has a market cap of $2,075.14, a PE ratio of -12.81, a price-to-earnings-growth ratio of 28.58 and a beta of 3.02.

Several large investors have recently made changes to their positions in SM. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of SM Energy in the 4th quarter valued at approximately $134,000. State of Alaska Department of Revenue acquired a new stake in shares of SM Energy in the 4th quarter valued at approximately $143,000. Tower Research Capital LLC TRC raised its position in shares of SM Energy by 2,652.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after acquiring an additional 6,524 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in SM Energy during the 4th quarter worth approximately $232,000. Finally, Granite Springs Asset Management LLC acquired a new stake in SM Energy during the 4th quarter worth approximately $243,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

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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.

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

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