FY2017 Earnings Estimate for SM Energy Company (SM) Issued By Capital One Financial Corporation
SM Energy Company (NYSE:SM) – Equities researchers at Capital One Financial Corporation boosted their FY2017 earnings estimates for SM Energy in a report released on Monday. Capital One Financial Corporation analyst B. Velie now expects that the energy company will earn ($1.04) per share for the year, up from their prior forecast of ($1.12).
A number of other equities analysts have also issued reports on SM. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday. BMO Capital Markets set a $21.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Barclays PLC lowered their target price on shares of SM Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 8th. BidaskClub lowered shares of SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Williams Capital set a $32.00 target price on shares of SM Energy and gave the stock a “buy” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $27.47.
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SM Energy (NYSE:SM) opened at $22.14 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.21 and a current ratio of 1.53. SM Energy has a 1 year low of $12.29 and a 1 year high of $42.45.
SM Energy (NYSE:SM) last announced its earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.07. The business had revenue of $295.40 million for the quarter, compared to analyst estimates of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.37) earnings per share.
Institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its holdings in SM Energy by 12.1% in the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after acquiring an additional 1,064 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in SM Energy in the second quarter valued at $165,000. B & T Capital Management DBA Alpha Capital Management lifted its holdings in SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after acquiring an additional 335 shares during the period. ING Groep NV acquired a new stake in SM Energy in the second quarter valued at $197,000. Finally, Russell Investments Group Ltd. lifted its holdings in SM Energy by 43.7% in the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after acquiring an additional 3,762 shares during the period. 98.05% of the stock is owned by institutional investors.
The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 20th were issued a $0.05 dividend. This represents a yield of 0.54%. The ex-dividend date of this dividend was Thursday, October 19th. SM Energy’s dividend payout ratio (DPR) is currently -2.93%.
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 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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