FY2018 EPS Estimates for SM Energy Co. (SM) Reduced by Williams Capital
SM Energy Co. (NYSE:SM) – Equities researchers at Williams Capital cut their FY2018 earnings estimates for SM Energy in a research note issued to investors on Monday. Williams Capital analyst G. Sorbara now expects that the brokerage will earn $2.16 per share for the year, down from their previous estimate of $2.31. Williams Capital currently has a “Buy” rating and a $57.00 price target on the stock.
SM Energy (NYSE:SM) last posted its earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.71) by $0.27. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The firm had revenue of $341.80 million for the quarter, compared to analyst estimates of $328.18 million. During the same period in the previous year, the firm posted $0.49 EPS. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year.
A number of other brokerages also recently weighed in on SM. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Tuesday, October 4th. Howard Weil raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $35.00 to $48.00 in a research note on Tuesday, October 4th. Capital One Financial Corp. raised shares of SM Energy from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Scotiabank raised shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $35.00 to $48.00 in a research note on Tuesday, October 4th. Finally, Seaport Global Securities raised shares of SM Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $53.00 in a research note on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $33.52.
SM Energy (NYSE:SM) traded up 0.736% during midday trading on Tuesday, reaching $39.005. 5,044,411 shares of the company’s stock were exchanged. The stock’s market cap is $2.67 billion. The firm has a 50 day moving average of $37.27 and a 200-day moving average of $30.81. SM Energy has a 12 month low of $6.99 and a 12 month high of $43.09.
Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in SM Energy during the second quarter valued at about $124,000. BlueMountain Capital Management LLC acquired a new position in shares of SM Energy during the second quarter worth $230,000. Teacher Retirement System of Texas raised its position in shares of SM Energy by 11.9% in the second quarter. Teacher Retirement System of Texas now owns 9,305 shares of the energy company’s stock worth $251,000 after buying an additional 993 shares during the period. Amalgamated Bank acquired a new position in shares of SM Energy during the second quarter worth $277,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of SM Energy during the second quarter worth $285,000. 82.83% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Kenneth J. Knott sold 661 shares of SM Energy stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $40.00, for a total value of $26,440.00. Following the completion of the transaction, the senior vice president now owns 43,417 shares of the company’s stock, valued at approximately $1,736,680. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be given a $0.05 dividend. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, October 19th. SM Energy’s dividend payout ratio is presently -0.80%.
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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