SM Energy Co (NYSE:SM) – Analysts at Capital One Financial issued their FY2019 earnings per share (EPS) estimates for SM Energy in a research note issued on Friday, according to Zacks Investment Research. Capital One Financial analyst B. Velie forecasts that the energy company will earn $0.77 per share for the year.
SM Energy (NYSE:SM) last issued its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. The company had revenue of $340.53 million during the quarter, compared to the consensus estimate of $330.83 million. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. SM Energy’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.31) EPS.
Several other analysts have also recently commented on the stock. Williams Capital reiterated a “buy” rating and issued a $39.00 price target on shares of SM Energy in a research note on Wednesday, January 10th. Credit Suisse Group started coverage on shares of SM Energy in a research note on Monday, December 11th. They issued an “outperform” rating and a $27.00 price target on the stock. Barclays boosted their price target on shares of SM Energy from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, November 20th. B. Riley started coverage on shares of SM Energy in a research note on Monday, February 5th. They issued a “buy” rating and a $36.00 price target on the stock. Finally, Robert W. Baird boosted their price target on shares of SM Energy from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. SM Energy has an average rating of “Buy” and an average target price of $27.69.
Shares of SM Energy (NYSE:SM) traded down $0.36 during mid-day trading on Monday, reaching $17.92. 2,567,553 shares of the company’s stock traded hands, compared to its average volume of 3,542,492. The stock has a market cap of $2,046.11, a PE ratio of -12.60, a P/E/G ratio of 68.70 and a beta of 3.02. SM Energy has a 1-year low of $12.29 and a 1-year high of $28.20. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of SM Energy during the 4th quarter valued at about $134,000. State of Alaska Department of Revenue purchased a new stake in shares of SM Energy during the 4th quarter valued at about $143,000. Tower Research Capital LLC TRC raised its position in shares of SM Energy by 2,652.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock valued at $149,000 after buying an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in SM Energy in the 4th quarter worth about $232,000. Finally, Granite Springs Asset Management LLC purchased a new stake in SM Energy in the 4th quarter worth about $243,000. Hedge funds and other institutional investors own 97.36% of the company’s stock.
About SM Energy
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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