SM Energy Co (NYSE:SM) – Stock analysts at KeyCorp increased their FY2017 earnings per share estimates for SM Energy in a research note issued to investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst C. Stevens now expects that the energy company will post earnings per share of ($0.87) for the year, up from their previous forecast of ($0.91). KeyCorp currently has a “Buy” rating and a $32.00 target price on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2017 earnings at ($0.13) EPS and FY2019 earnings at $2.87 EPS.
Several other analysts have also weighed in on the company. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Thursday, November 9th. Williams Capital reaffirmed a “buy” rating and set a $39.00 target price on shares of SM Energy in a report on Wednesday, January 10th. Credit Suisse Group started coverage on SM Energy in a report on Monday, December 11th. They set an “outperform” rating and a $27.00 target price for the company. Barclays upped their target price on SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, November 20th. Finally, JPMorgan Chase & Co. raised SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.27.
Shares of SM Energy (NYSE SM) traded down $0.85 during trading on Friday, reaching $23.05. The company had a trading volume of 2,815,049 shares, compared to its average volume of 3,609,173. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market capitalization of $2,667.81, a price-to-earnings ratio of -6.76 and a beta of 2.95. SM Energy has a 1 year low of $12.29 and a 1 year high of $30.78.
Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in shares of SM Energy in the fourth quarter valued at $143,000. Pacer Advisors Inc. increased its holdings in shares of SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of SM Energy by 43.7% in the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after buying an additional 3,762 shares in the last quarter. Van ECK Associates Corp raised its stake in SM Energy by 20.9% during the 2nd quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock valued at $236,000 after purchasing an additional 2,467 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in SM Energy during the 3rd quarter valued at $261,000. 97.36% of the stock is currently owned by institutional investors.
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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.
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