Q1 2018 Earnings Forecast for SM Energy Co Issued By KeyCorp (SM)

SM Energy Co (NYSE:SM) – KeyCorp increased their Q1 2018 earnings per share estimates for shares of SM Energy in a research report issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the energy company will post earnings per share of $0.11 for the quarter, up from their previous estimate of $0.09. KeyCorp currently has a “Overweight” rating and a $31.00 target price on the stock. KeyCorp also issued estimates for SM Energy’s Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $0.86 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.78 EPS and Q4 2019 earnings at $0.81 EPS.

SM Energy (NYSE:SM) last posted its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The firm had revenue of $295.40 million during the quarter, compared to analyst estimates of $300.80 million. During the same period in the previous year, the company earned ($0.37) EPS. The company’s revenue for the quarter was down 16.2% on a year-over-year basis.

Several other research analysts also recently commented on the company. Royal Bank of Canada reaffirmed a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday. Williams Capital reaffirmed a “buy” rating and issued a $39.00 price target on shares of SM Energy in a research report on Wednesday. Robert W. Baird set a $35.00 price target on SM Energy and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets set a $21.00 price target on SM Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Finally, Credit Suisse Group assumed coverage on SM Energy in a research report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.47.

Shares of SM Energy (SM) opened at $26.89 on Thursday. SM Energy has a 1-year low of $12.29 and a 1-year high of $35.29. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $3,040.00, a P/E ratio of -7.91 and a beta of 3.02.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SM. Dimensional Fund Advisors LP increased its position in shares of SM Energy by 66.9% during the second quarter. Dimensional Fund Advisors LP now owns 4,211,268 shares of the energy company’s stock valued at $69,611,000 after purchasing an additional 1,688,246 shares during the period. Key Group Holdings Cayman LTD. increased its position in shares of SM Energy by 40.9% during the second quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock valued at $87,701,000 after purchasing an additional 1,538,955 shares during the period. State Street Corp increased its position in shares of SM Energy by 17.7% during the second quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares during the period. Frontier Capital Management Co. LLC boosted its stake in SM Energy by 39.2% in 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 buying an additional 773,741 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in SM Energy by 878.9% in the 3rd quarter. Mackenzie Financial Corp now owns 695,000 shares of the energy company’s stock valued at $12,329,000 after buying an additional 624,000 shares in the last quarter. Institutional investors and hedge funds own 97.36% of the company’s stock.

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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.

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

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