SM Energy (SM) Given New $28.00 Price Target at B. Riley

SM Energy (NYSE:SM) had its target price lowered by analysts at B. Riley from $36.00 to $28.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the energy company’s stock. B. Riley’s price objective points to a potential upside of 39.44% from the stock’s current price. B. Riley also issued estimates for SM Energy’s Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $0.97 EPS, Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.83 EPS and FY2019 earnings at $2.75 EPS.

Other research analysts have also issued reports about the stock. Deutsche Bank initiated coverage on shares of SM Energy in a research note on Thursday, February 1st. They set a “buy” rating and a $32.00 price objective on the stock. Stifel Nicolaus set a $44.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Monday, January 29th. KeyCorp set a $32.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Sunday, January 21st. Robert W. Baird set a $35.00 price objective on shares of SM Energy and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Williams Capital restated a “buy” rating and set a $39.00 price objective on shares of SM Energy in a research note on Wednesday, January 10th. Two investment 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’s stock. SM Energy has a consensus rating of “Buy” and a consensus price target of $27.38.

Shares of SM Energy (SM) opened at $20.08 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.98 and a quick ratio of 1.53. SM Energy has a 52 week low of $12.29 and a 52 week high of $28.20. The stock has a market cap of $2,156.68, a price-to-earnings ratio of -13.85 and a beta of 2.95.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.07. The firm 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 company’s revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.31) EPS. equities research analysts anticipate that SM Energy will post 0.11 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in SM. Northern Trust Corp boosted its holdings in shares of SM Energy by 2.9% during the 2nd quarter. Northern Trust Corp now owns 1,004,501 shares of the energy company’s stock worth $16,604,000 after buying an additional 28,696 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of SM Energy by 6.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 207,635 shares of the energy company’s stock worth $3,432,000 after buying an additional 12,993 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of SM Energy by 63.9% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 18,100 shares of the energy company’s stock worth $299,000 after buying an additional 7,057 shares during the period. State Street Corp boosted its holdings in shares of SM Energy by 17.7% during the 2nd quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock worth $85,878,000 after buying an additional 780,106 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of SM Energy by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 143,814 shares of the energy company’s stock worth $2,377,000 after buying an additional 2,486 shares during the period. 97.36% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for SM Energy (NYSE:SM)

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