SM Energy (NYSE:SM) – Equities research analysts at Seaport Global Securities upped their Q2 2018 earnings per share estimates for SM Energy in a note issued to investors on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now forecasts that the energy company will earn ($0.08) per share for the quarter, up from their previous estimate of ($0.09). Seaport Global Securities also issued estimates for SM Energy’s Q3 2018 earnings at $0.00 EPS, FY2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $0.89 EPS.
SM Energy (NYSE:SM) last announced its earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. SM Energy had a net margin of 4.86% and a negative return on equity of 2.53%. The business had revenue of $769.60 million during the quarter, compared to the consensus estimate of $361.40 million. During the same quarter last year, the firm earned ($0.18) earnings per share. The business’s revenue for the quarter was up 106.5% on a year-over-year basis.
Several other equities research analysts also recently weighed in on the stock. Williams Capital reissued a “buy” rating and set a $44.00 price target on shares of SM Energy in a research report on Wednesday. ValuEngine raised shares of SM Energy from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. Tudor Pickering raised shares of SM Energy from a “hold” rating to a “buy” rating in a research report on Thursday, May 10th. Stifel Nicolaus set a $42.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Friday, May 4th. Finally, Bank of America reduced their price target on shares of SM Energy from $31.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.13.
Shares of SM opened at $24.65 on Friday. The company has a market cap of $2.97 billion, a P/E ratio of -30.06, a PEG ratio of 21.16 and a beta of 2.93. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.07. SM Energy has a twelve month low of $12.29 and a twelve month high of $28.20.
The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, May 9th. Investors of record on Friday, April 27th were issued a $0.05 dividend. This represents a yield of 0.61%. The ex-dividend date was Thursday, April 26th. SM Energy’s dividend payout ratio is currently -12.20%.
A number of hedge funds have recently modified their holdings of SM. EnCap Energy Capital Fund IX L.P. purchased a new stake in SM Energy in the fourth quarter worth approximately $180,780,000. Millennium Management LLC boosted its holdings in SM Energy by 33.0% in the first quarter. Millennium Management LLC now owns 9,116,966 shares of the energy company’s stock worth $164,379,000 after purchasing an additional 2,263,004 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in SM Energy by 1,195.8% in the first quarter. Point72 Asset Management L.P. now owns 1,626,200 shares of the energy company’s stock worth $29,320,000 after purchasing an additional 1,500,700 shares during the last quarter. Wexford Capital LP purchased a new position in shares of SM Energy during the 1st quarter worth $20,727,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of SM Energy during the 1st quarter worth $18,302,000.
About SM Energy
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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