SM Energy Company (NYSE:SM) – Williams Capital reduced their Q2 2017 EPS estimates for shares of SM Energy Company in a research report issued to clients and investors on Monday. Williams Capital analyst G. Sorbara now anticipates that the energy company will post earnings per share of ($0.40) for the quarter, down from their previous estimate of ($0.39). Williams Capital currently has a “Buy” rating and a $40.00 target price on the stock. Williams Capital also issued estimates for SM Energy Company’s FY2017 earnings at ($1.05) EPS, FY2018 earnings at $0.28 EPS and FY2019 earnings at $2.36 EPS.

Several other research firms also recently commented on SM. Royal Bank of Canada set a $41.00 price objective on shares of SM Energy Company and gave the stock a “hold” rating in a report on Friday, February 24th. Deutsche Bank AG cut their price objective on shares of SM Energy Company from $39.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday, March 7th. Scotiabank reaffirmed a “buy” rating and issued a $33.00 price objective on shares of SM Energy Company in a report on Monday, March 27th. Bank of America Corporation downgraded shares of SM Energy Company from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $48.00 to $37.00 in a report on Thursday, May 11th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $30.00 price objective (down from $38.00) on shares of SM Energy Company in a report on Saturday, April 22nd. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.42.

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

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Shares of SM Energy Company (NYSE:SM) opened at 15.60 on Thursday. SM Energy Company has a 52-week low of $15.29 and a 52-week high of $43.09. The firm’s market capitalization is $1.74 billion. The stock has a 50 day moving average of $19.57 and a 200-day moving average of $26.41.

SM Energy Company (NYSE:SM) last released its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.54. SM Energy Company had a negative net margin of 23.23% and a negative return on equity of 3.28%. The company had revenue of $372.74 million during the quarter, compared to the consensus estimate of $309.43 million.

Several hedge funds have recently bought and sold shares of SM. New York State Teachers Retirement System boosted its stake in SM Energy Company by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 123,241 shares of the energy company’s stock valued at $4,249,000 after buying an additional 1,000 shares during the period. Shelton Capital Management bought a new stake in SM Energy Company during the fourth quarter valued at $224,000. Pacad Investment Ltd. boosted its stake in SM Energy Company by 27.4% in the fourth quarter. Pacad Investment Ltd. now owns 38,471 shares of the energy company’s stock valued at $1,326,000 after buying an additional 8,270 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in SM Energy Company during the fourth quarter valued at $519,000. Finally, Marshall Wace LLP boosted its stake in SM Energy Company by 162.6% in the fourth quarter. Marshall Wace LLP now owns 162,871 shares of the energy company’s stock valued at $5,615,000 after buying an additional 100,842 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

In related news, CEO Javan D. Ottoson acquired 2,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were purchased at an average price of $16.44 per share, for a total transaction of $32,880.00. Following the transaction, the chief executive officer now owns 143,302 shares in the company, valued at approximately $2,355,884.88. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Herbert S. Vogel acquired 3,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $16.60 per share, for a total transaction of $49,800.00. Following the transaction, the executive vice president now owns 32,637 shares in the company, valued at approximately $541,774.20. The disclosure for this purchase can be found here. Company insiders own 0.89% of the company’s stock.

SM Energy Company 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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