SM Energy Company (NYSE:SM) – Research analysts at KeyCorp raised their Q1 2018 EPS estimates for SM Energy Company in a note issued to investors on Tuesday. KeyCorp analyst C. Stevens now forecasts that the brokerage will post earnings of $0.31 per share for the quarter, up from their prior forecast of $0.25. KeyCorp also issued estimates for SM Energy Company’s Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.87 EPS and FY2018 earnings at $1.98 EPS.

Other equities research analysts have also recently issued research reports about the company. Stifel Nicolaus raised SM Energy Company from a “hold” rating to a “buy” rating and raised their target price for the stock from $35.00 to $51.00 in a research note on Thursday, December 1st. Zacks Investment Research raised SM Energy Company from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Monday, November 14th. KLR Group raised their price objective on SM Energy Company from $53.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, October 24th. Bank of America started coverage on SM Energy Company in a research note on Wednesday, January 4th. They issued a “buy” rating and a $52.00 price objective for the company. Finally, RBC Capital Markets reissued a “hold” rating and issued a $43.00 price objective on shares of SM Energy Company in a research note on Tuesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $37.02.

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

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SM Energy Company (NYSE:SM) traded down 2.905% during midday trading on Thursday, reaching $33.255. The company had a trading volume of 1,729,186 shares. SM Energy Company has a 12-month low of $6.99 and a 12-month high of $43.09. The stock’s 50 day moving average is $35.71 and its 200 day moving average is $33.91. The firm’s market capitalization is $2.89 billion.

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A number of institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its position in SM Energy Company by 32.5% in the third quarter. BlackRock Fund Advisors now owns 3,290,010 shares of the energy company’s stock valued at $126,929,000 after buying an additional 807,362 shares during the last quarter. Ameriprise Financial Inc. boosted its position in SM Energy Company by 230.4% in the third quarter. Ameriprise Financial Inc. now owns 1,134,208 shares of the energy company’s stock valued at $43,758,000 after buying an additional 790,949 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in SM Energy Company by 23.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,026,112 shares of the energy company’s stock valued at $116,747,000 after buying an additional 578,998 shares during the last quarter. Prudential Financial Inc. boosted its position in SM Energy Company by 67.3% in the second quarter. Prudential Financial Inc. now owns 1,104,336 shares of the energy company’s stock valued at $29,817,000 after buying an additional 444,306 shares during the last quarter. Finally, FMR LLC boosted its position in SM Energy Company by 3.4% in the second quarter. FMR LLC now owns 10,211,756 shares of the energy company’s stock valued at $275,717,000 after buying an additional 335,165 shares during the last quarter. Institutional investors and hedge funds own 87.78% of the company’s stock.

About SM Energy Company

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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.

5 Day Chart for NYSE:SM

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