SM Energy Co (NYSE:SM) – Equities researchers at B. Riley boosted their Q3 2018 EPS estimates for shares of SM Energy in a research note issued to investors on Tuesday, October 9th. B. Riley analyst R. Rashid now forecasts that the energy company will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.06. B. Riley currently has a “Neutral” rating and a $28.00 price target on the stock. B. Riley also issued estimates for SM Energy’s Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $1.50 EPS.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. SM Energy had a negative return on equity of 0.43% and a net margin of 11.85%. The company had revenue of $402.60 million for the quarter, compared to analyst estimates of $371.54 million. During the same period last year, the company posted ($0.32) earnings per share. The firm’s revenue was up 41.3% compared to the same quarter last year.
SM has been the topic of several other reports. Royal Bank of Canada set a $29.00 price objective on SM Energy and gave the company a “hold” rating in a research report on Thursday, August 2nd. KLR Group reissued a “buy” rating and issued a $40.00 price objective on shares of SM Energy in a research report on Monday, August 20th. Scotia Howard Weill raised SM Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, September 27th. Stifel Nicolaus raised their price objective on SM Energy from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Howard Weil raised SM Energy from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, September 27th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $31.60.
NYSE:SM opened at $30.12 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 0.91. SM Energy has a 12 month low of $16.11 and a 12 month high of $33.76. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -36.71, a P/E/G ratio of 8.35 and a beta of 3.03.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in shares of SM Energy during the third quarter worth about $643,000. Radnor Capital Management LLC increased its holdings in SM Energy by 18.7% in the third quarter. Radnor Capital Management LLC now owns 13,950 shares of the energy company’s stock valued at $440,000 after buying an additional 2,200 shares during the last quarter. Northern Trust Corp increased its holdings in SM Energy by 9.5% in the second quarter. Northern Trust Corp now owns 1,065,730 shares of the energy company’s stock valued at $27,380,000 after buying an additional 92,457 shares during the last quarter. Nomura Holdings Inc. increased its holdings in SM Energy by 9.9% in the second quarter. Nomura Holdings Inc. now owns 77,909 shares of the energy company’s stock valued at $2,001,000 after buying an additional 7,007 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in SM Energy in the second quarter valued at about $109,000.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th will be given a dividend of $0.05 per share. This represents a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, October 25th. SM Energy’s payout ratio is -12.20%.
SM Energy Company Profile
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 Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.
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