SM Energy Co (NYSE:SM) – Equities researchers at B. Riley upped their Q1 2019 earnings estimates for shares of SM Energy in a report issued on Thursday, April 5th. B. Riley analyst R. Rashid now anticipates that the energy company will post earnings per share of $0.61 for the quarter, up from their previous estimate of $0.60. B. Riley has a “Buy” rating and a $28.00 price target on the stock. B. Riley also issued estimates for SM Energy’s Q2 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.73 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $2.83 EPS.
A number of other equities analysts have also recently issued reports on the stock. Williams Capital reissued a “buy” rating and issued a $39.00 target price on shares of SM Energy in a report on Wednesday, January 10th. Credit Suisse Group started coverage on shares of SM Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $27.00 target price on the stock. Robert W. Baird raised their target price on shares of SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. Citigroup raised shares of SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Finally, Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the stock a “buy” rating in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $27.87.
SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $340.53 million for the quarter, compared to analysts’ expectations of $330.83 million. During the same quarter last year, the company posted ($0.31) earnings per share. SM Energy’s revenue was down 10.4% on a year-over-year basis.
Several large investors have recently made changes to their positions in SM. Amundi Pioneer Asset Management Inc. acquired a new position in shares of SM Energy during the fourth quarter valued at approximately $134,000. State of Alaska Department of Revenue acquired a new position in shares of SM Energy during the fourth quarter valued at approximately $143,000. Tower Research Capital LLC TRC increased its stake in shares of 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 acquiring an additional 6,524 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of SM Energy during the fourth quarter valued at approximately $232,000. Finally, Granite Springs Asset Management LLC acquired a new position in shares of SM Energy during the fourth quarter valued at approximately $243,000. Institutional investors own 97.36% of the company’s stock.
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Friday, April 27th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 26th. This represents a dividend yield of 0.61%. SM Energy’s payout ratio is currently -12.20%.
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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.
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