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

SM Energy Co (NYSE:SM) – Stock analysts at KeyCorp lowered their Q1 2018 earnings per share (EPS) estimates for SM Energy in a report released on Wednesday, April 4th. KeyCorp analyst C. Stevens now expects that the energy company will earn $0.03 per share for the quarter, down from their previous estimate of $0.04. KeyCorp has a “Buy” rating and a $32.00 price objective on the stock. KeyCorp also issued estimates for SM Energy’s FY2018 earnings at $0.56 EPS and FY2019 earnings at $2.39 EPS.

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SM Energy (NYSE:SM) last posted its quarterly earnings data 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. The company had revenue of $340.53 million for the quarter, compared to analyst estimates of $330.83 million. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.31) earnings per share.

A number of other analysts have also issued reports on SM. Williams Capital set a $38.00 price objective on shares of SM Energy and gave the company a “buy” rating in a research note on Wednesday. Bank of America dropped their price objective on shares of SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, March 8th. Susquehanna Bancshares upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research note on Tuesday, February 20th. B. Riley dropped their price objective on shares of SM Energy from $36.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Finally, Robert W. Baird set a $35.00 price objective on shares of SM Energy and gave the company a “buy” rating in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.87.

SM opened at $18.26 on Friday. The company has a market cap of $1,875.22, a PE ratio of -22.27, a PEG ratio of 8.33 and a beta of 2.98. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98.

Several large investors have recently modified their holdings of the stock. Amundi Pioneer Asset Management Inc. bought a new stake in SM Energy during the fourth quarter valued at $134,000. State of Alaska Department of Revenue bought a new stake in SM Energy during the fourth quarter valued at $143,000. Tower Research Capital LLC TRC increased its stake in SM Energy by 2,652.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after purchasing an additional 6,524 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in SM Energy during the fourth quarter valued at $232,000. Finally, Granite Springs Asset Management LLC bought a new stake in SM Energy during the fourth quarter valued at $243,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Investors of record on Friday, April 27th will be paid a $0.05 dividend. The ex-dividend date is Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.

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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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