SM Energy (NYSE:SM) – B. Riley dropped their Q1 2018 earnings per share estimates for shares of SM Energy in a research report issued to clients and investors on Thursday, April 5th. B. Riley analyst R. Rashid now forecasts that the energy company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.16. B. Riley currently has a “Buy” rating and a $28.00 target price on the stock. B. Riley also issued estimates for SM Energy’s Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $0.56 EPS.
A number of other research firms also recently weighed in on SM. Stifel Nicolaus set a $44.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Monday, January 29th. UBS upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Citigroup upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Credit Suisse Group assumed coverage on shares of SM Energy in a research report on Monday, December 11th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, Bank of America lowered their price objective on shares of SM Energy from $31.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. SM Energy currently has a consensus rating of “Buy” and a consensus price target of $27.87.
NYSE SM opened at $17.73 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.98 and a quick ratio of 0.98. SM Energy has a 1-year low of $12.29 and a 1-year high of $28.20. The company has a market capitalization of $2,002.55, a PE ratio of -21.62, a price-to-earnings-growth ratio of 14.84 and a beta of 2.98.
SM Energy (NYSE:SM) last released its quarterly earnings results 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. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The company had revenue of $340.53 million during the quarter, compared to the consensus estimate of $330.83 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s quarterly revenue was down 10.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of SM. New York State Common Retirement Fund grew its stake in shares of SM Energy by 9.6% during the third quarter. New York State Common Retirement Fund now owns 1,255,218 shares of the energy company’s stock worth $22,268,000 after buying an additional 109,660 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of SM Energy by 1.1% during the third quarter. Ameriprise Financial Inc. now owns 978,473 shares of the energy company’s stock worth $17,358,000 after buying an additional 10,578 shares during the last quarter. Legal & General Group Plc grew its stake in shares of SM Energy by 2.0% during the third quarter. Legal & General Group Plc now owns 173,828 shares of the energy company’s stock worth $3,086,000 after buying an additional 3,431 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of SM Energy by 10.5% during the third quarter. Wells Fargo & Company MN now owns 420,751 shares of the energy company’s stock worth $7,464,000 after buying an additional 40,092 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of SM Energy by 37.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 408,224 shares of the energy company’s stock worth $7,242,000 after buying an additional 111,132 shares during the last quarter. 97.36% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Friday, April 27th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, April 26th. This represents a yield of 0.61%. SM Energy’s dividend payout ratio is currently -12.20%.
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SM Energy Company Profile
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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