Q3 2016 EPS Estimates for SM Energy Co. (SM) Decreased by Analyst
SM Energy Co. (NYSE:SM) – Research analysts at KeyCorp cut their Q3 2016 EPS estimates for shares of SM Energy in a note issued to investors on Thursday. KeyCorp analyst C. Stevens now anticipates that the firm will earn ($0.53) per share for the quarter, down from their previous forecast of ($0.51). KeyCorp has a “Overweight” rating and a $40.00 price objective on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2016 earnings at ($0.46) EPS, FY2016 earnings at ($2.24) EPS and FY2017 earnings at ($1.05) EPS.
A number of other analysts have also weighed in on the stock. 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 upped their price objective for the stock from $35.00 to $48.00 in a research note on Tuesday, October 4th. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company 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 upped their price objective for the stock 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 upped their price objective for the stock from $30.00 to $53.00 in a research note on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.52.
Shares of SM Energy (NYSE:SM) opened at 39.06 on Monday. The stock’s market cap is $2.67 billion. The stock’s 50 day moving average is $37.32 and its 200-day moving average is $30.87. SM Energy has a one year low of $6.99 and a one year high of $43.09.
SM Energy (NYSE:SM) last announced its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.27. The firm had revenue of $341.80 million for the quarter, compared to the consensus estimate of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS.
A number of large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in SM Energy during the second quarter valued at approximately $124,000. BlueMountain Capital Management LLC bought a new stake in SM Energy during the second quarter valued at approximately $230,000. Teacher Retirement System of Texas raised its stake in 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 valued at $251,000 after buying an additional 993 shares in the last quarter. Amalgamated Bank bought a new stake in SM Energy during the second quarter valued at approximately $277,000. Finally, Tower Research Capital LLC TRC bought a new stake in SM Energy during the second quarter valued at approximately $285,000. Institutional investors and hedge funds own 82.83% of the company’s stock.
In other SM Energy news, SVP Kenneth J. Knott sold 661 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $40.00, for a total value of $26,440.00. Following the sale, the senior vice president now owns 43,417 shares in the company, valued at approximately $1,736,680. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.70% of the stock is owned by company insiders.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 2nd. Shareholders of record on Friday, October 21st will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a yield of 0.29%. 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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