SM Energy Co (NYSE:SM) – Equities research analysts at KeyCorp cut their Q1 2018 earnings per share (EPS) estimates for SM Energy in a research note issued on Wednesday, April 4th. KeyCorp analyst C. Stevens now expects that the energy company will earn $0.03 per share for the quarter, down from their previous estimate of $0.04. KeyCorp has a “Buy” rating and a $32.00 price target on the stock. KeyCorp also issued estimates for SM Energy’s FY2018 earnings at $0.56 EPS and FY2019 earnings at $2.39 EPS.
SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.07. The firm had revenue of $340.53 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.31) earnings per share.
SM has been the topic of several other research reports. Robert W. Baird increased their target price on SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Williams Capital set a $40.00 target price on SM Energy and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Deutsche Bank assumed coverage on SM Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $32.00 target price on the stock. ValuEngine downgraded SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 13th. Finally, Susquehanna Bancshares upgraded SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $27.87.
NYSE:SM opened at $17.93 on Friday. The firm has a market cap of $1,924.37, a price-to-earnings ratio of -21.87, a P/E/G ratio of 9.27 and a beta of 2.98. SM Energy has a 1 year low of $12.29 and a 1 year high of $28.20. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.21.
Institutional investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new position in shares of SM Energy in the fourth quarter worth $134,000. State of Alaska Department of Revenue bought a new position in SM Energy in the fourth quarter valued at $143,000. Tower Research Capital LLC TRC increased its stake in SM Energy by 2,652.0% in 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 last quarter. Crossmark Global Holdings Inc. bought a new position in SM Energy in the fourth quarter valued at $232,000. Finally, Granite Springs Asset Management LLC bought a new position in SM Energy in the fourth quarter valued at $243,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently declared 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. 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%.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/07/q1-2018-eps-estimates-for-sm-energy-co-reduced-by-keycorp-sm-2.html.
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.
Receive News & Ratings for SM Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SM Energy and related companies with MarketBeat.com's FREE daily email newsletter.