SM Energy (NYSE:SM) – Research analysts at B. Riley lowered their Q1 2018 EPS estimates for SM Energy in a research report issued to clients and investors on Thursday, April 5th. B. Riley analyst R. Rashid now forecasts that the energy company will post earnings per share of $0.11 for the quarter, down from their previous estimate of $0.16. B. Riley has a “Buy” rating and a $28.00 price objective on the stock. B. Riley also issued estimates for SM Energy’s Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $0.56 EPS.
Several other research analysts have also recently issued reports on SM. Credit Suisse Group initiated coverage on SM Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $27.00 price objective for the company. Robert W. Baird upped their price objective on SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. KeyCorp reaffirmed an “overweight” rating and set a $31.00 price objective (up from $26.00) on shares of SM Energy in a research report on Wednesday, January 10th. Williams Capital reaffirmed a “buy” rating and set a $39.00 price objective on shares of SM Energy in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $24.00 price objective on shares of SM Energy in a research report on Wednesday, January 10th. Two equities 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 presently has an average rating of “Buy” and an average target price of $27.87.
SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. The business had revenue of $340.53 million during the quarter, compared to analysts’ expectations of $330.83 million. SM Energy had a negative return on equity of 2.09% and a negative net margin of 12.43%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.31) EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. purchased a new stake in SM Energy during the 4th quarter valued at approximately $134,000. State of Alaska Department of Revenue purchased a new stake in SM Energy during the 4th quarter valued at approximately $143,000. Tower Research Capital LLC TRC raised its stake in SM Energy by 2,652.0% during 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 last quarter. Crossmark Global Holdings Inc. purchased a new stake in SM Energy during the 4th quarter valued at approximately $232,000. Finally, Granite Springs Asset Management LLC purchased a new stake in SM Energy during the 4th quarter valued at approximately $243,000. 97.36% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Friday, April 27th will be issued a $0.05 dividend. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, April 26th. SM Energy’s payout ratio is currently -12.20%.
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About SM Energy
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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