SM Energy Co (NYSE:SM) – Analysts at Capital One Financial issued their FY2019 EPS estimates for SM Energy in a research note issued to investors on Friday, according to Zacks Investment Research. Capital One Financial analyst B. Velie anticipates that the energy company will post earnings per share of $0.77 for the year.
SM has been the topic of a number of other research reports. Stifel Nicolaus set a $44.00 target price on shares of SM Energy and gave the company a “buy” rating in a research note on Monday, January 29th. Royal Bank of Canada restated a “hold” rating and set a $24.00 target price on shares of SM Energy in a research note on Wednesday, January 10th. Citigroup upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research note on Tuesday, February 20th. Barclays lifted their target price on shares of SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, November 20th. Finally, UBS Group upgraded shares of SM Energy from a “neutral” rating to a “positive” rating in a research note on Tuesday, February 20th. 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 company. The company has a consensus rating of “Buy” and an average target price of $27.69.
SM Energy (NYSE SM) traded down $0.36 on Monday, hitting $17.92. 2,567,553 shares of the company were exchanged, compared to its average volume of 3,542,492. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.98 and a current ratio of 0.98. SM Energy has a 52 week low of $12.29 and a 52 week high of $28.20. The stock has a market cap of $2,046.11, a PE ratio of -12.60, a price-to-earnings-growth ratio of 68.70 and a beta of 3.02.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The firm had revenue of $340.53 million during the quarter, compared to the consensus estimate of $330.83 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year.
Hedge funds have recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. purchased a new stake in SM Energy in the 4th quarter worth $134,000. State of Alaska Department of Revenue purchased a new stake in SM Energy in the 4th quarter worth $143,000. Tower Research Capital LLC TRC lifted its stake in SM Energy by 2,652.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,770 shares of the energy company’s stock worth $149,000 after purchasing an additional 6,524 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of SM Energy during the 4th quarter valued at about $232,000. Finally, Granite Springs Asset Management LLC purchased a new stake in shares of SM Energy during the 4th quarter valued at about $243,000. Institutional investors and hedge funds 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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