SM Energy Co (NYSE:SM) – Equities research analysts at Capital One Financial boosted their FY2017 earnings per share (EPS) estimates for SM Energy in a research note issued on Wednesday. Capital One Financial analyst B. Velie now expects that the energy company will earn ($1.00) per share for the year, up from their previous estimate of ($1.04). Capital One Financial also issued estimates for SM Energy’s Q4 2017 earnings at ($0.25) EPS and FY2018 earnings at ($0.04) EPS.

SM Energy (NYSE:SM) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.07. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. The firm had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. During the same quarter in the prior year, the firm earned ($0.37) EPS. SM Energy’s revenue for the quarter was down 16.2% on a year-over-year basis.

SM has been the subject of several other research reports. JPMorgan Chase & Co. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Monday, October 23rd. KeyCorp reiterated a “buy” rating and issued a $26.00 price target on shares of SM Energy in a research report on Friday, October 20th. Mitsubishi UFJ Financial Group reiterated a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd. Williams Capital upped their price target on shares of SM Energy from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.47.

Shares of SM Energy (NYSE:SM) opened at $26.84 on Monday. SM Energy has a 12-month low of $12.29 and a 12-month high of $34.79. The company has a market cap of $2,995.99, a price-to-earnings ratio of -7.87 and a beta of 3.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.53 and a quick ratio of 1.53.

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in SM Energy by 12.1% in the 2nd quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares during the period. Russell Investments Group Ltd. increased its stake in SM Energy by 43.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after buying an additional 3,762 shares during the period. Van ECK Associates Corp increased its stake in SM Energy by 20.9% in the 2nd quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock valued at $236,000 after buying an additional 2,467 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in SM Energy in the 3rd quarter valued at $261,000. Finally, Nisa Investment Advisors LLC acquired a new position in SM Energy in the 4th quarter valued at $384,000.

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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.

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

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