SM Energy Co. (NYSE:SM) – Stock analysts at KeyCorp lowered their FY2016 earnings per share (EPS) estimates for shares of SM Energy in a research note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the firm will post earnings per share of ($1.90) for the year, down from their previous estimate of ($1.86). KeyCorp currently has a “Overweight” rating and a $40.00 target price on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2016 earnings at ($0.32) EPS, Q1 2017 earnings at ($0.29) EPS, Q2 2017 earnings at ($0.20) EPS, Q3 2017 earnings at ($0.10) EPS, Q4 2017 earnings at ($0.02) EPS, FY2017 earnings at ($0.61) EPS, Q1 2018 earnings at $0.25 EPS, Q2 2018 earnings at $0.38 EPS and Q3 2018 earnings at $0.64 EPS.

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Earnings History and Estimates for SM Energy (NYSE:SM)

Other analysts also recently issued reports about the company. Citigroup Inc. upgraded SM Energy to a “neutral” rating and boosted their target price for the stock from $16.00 to $36.00 in a research report on Monday, August 22nd. Simmons upgraded SM Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $50.00 in a research report on Monday, August 15th. Capital One Financial Corp. upgraded SM Energy from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, October 18th. Zacks Investment Research downgraded SM Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Finally, KLR Group boosted their target price on SM Energy from $53.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, October 24th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $35.06.

Shares of SM Energy (NYSE:SM) opened at 35.59 on Friday. The company’s 50 day moving average price is $35.85 and its 200-day moving average price is $32.61. SM Energy has a 12 month low of $6.99 and a 12 month high of $43.09. The firm’s market capitalization is $3.09 billion.

A number of hedge funds and other institutional investors have recently modified their holdings of SM. Cornerstone Capital Management Holdings LLC. increased its position in shares of SM Energy by 36.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 159,087 shares of the energy company’s stock worth $6,137,000 after buying an additional 42,738 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in SM Energy by 143.0% in the third quarter. Ameritas Investment Partners Inc. now owns 26,154 shares of the energy company’s stock worth $1,009,000 after buying an additional 15,390 shares in the last quarter. Verition Fund Management LLC purchased a new position in SM Energy during the third quarter worth approximately $291,000. Panagora Asset Management Inc. increased its position in SM Energy by 22.7% in the third quarter. Panagora Asset Management Inc. now owns 14,069 shares of the energy company’s stock worth $543,000 after buying an additional 2,601 shares in the last quarter. Finally, Capital Research Global Investors increased its position in SM Energy by 0.5% in the third quarter. Capital Research Global Investors now owns 7,245,940 shares of the energy company’s stock worth $279,548,000 after buying an additional 37,000 shares in the last quarter. 89.24% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “KeyCorp Comments on SM Energy Co.’s FY2016 Earnings (SM)” was first reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2016/11/27/keycorp-comments-on-sm-energy-co-s-fy2016-earnings-sm.html.

In related news, SVP Kenneth J. Knott sold 661 shares of the 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 $1,736,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by corporate insiders.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, November 2nd. Investors of record on Friday, October 21st were issued a $0.05 dividend. This represents a yield of 0.29%. The ex-dividend date of this dividend was Wednesday, October 19th. SM Energy’s dividend payout ratio is currently -0.76%.

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.

5 Day Chart for NYSE:SM

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