SM Energy Co (NYSE:SM) – Equities research analysts at B. Riley increased their Q1 2019 EPS estimates for SM Energy in a report released on Thursday, April 5th. B. Riley analyst R. Rashid now expects that the energy company will post earnings of $0.61 per share for the quarter, up from their prior forecast of $0.60. 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 2019 earnings at $0.63 EPS, Q3 2019 earnings at $0.73 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $2.83 EPS.
SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. The company 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 company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.31) earnings per share.
A number of other research firms also recently weighed in on SM. Stifel Nicolaus set a $44.00 price objective on SM Energy and gave the company a “buy” rating in a report on Monday, January 29th. UBS raised SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Citigroup raised SM Energy from a “neutral” rating to a “positive” rating in a report on Tuesday, February 20th. Credit Suisse Group initiated coverage on SM Energy in a report on Monday, December 11th. They set an “outperform” rating and a $27.00 price objective on the stock. Finally, Bank of America decreased their price objective on SM Energy from $31.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.87.
NYSE SM opened at $17.93 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $2,039.41, a price-to-earnings ratio of -21.87, a P/E/G ratio of 11.35 and a beta of 2.98. SM Energy has a 1-year low of $12.29 and a 1-year high of $28.20.
Several institutional investors and hedge funds have recently made changes to their positions in SM. Principal Financial Group Inc. boosted its holdings in shares of SM Energy by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 422,020 shares of the energy company’s stock worth $7,487,000 after acquiring an additional 4,383 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of SM Energy by 9.6% in the 3rd quarter. New York State Common Retirement Fund now owns 1,255,218 shares of the energy company’s stock worth $22,268,000 after acquiring an additional 109,660 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of SM Energy by 1.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 978,473 shares of the energy company’s stock worth $17,358,000 after acquiring an additional 10,578 shares in the last quarter. American International Group Inc. boosted its holdings in shares of SM Energy by 4.5% in the 3rd quarter. American International Group Inc. now owns 209,401 shares of the energy company’s stock worth $3,715,000 after acquiring an additional 8,923 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of SM Energy by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 173,828 shares of the energy company’s stock worth $3,086,000 after acquiring an additional 3,431 shares in the last quarter. 97.36% of the stock is currently owned by institutional investors and hedge funds.
The firm 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 is Thursday, April 26th. SM Energy’s payout ratio is currently -12.20%.
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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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