FY2017 EPS Estimates for SM Energy Co (SM) Boosted by Analyst
SM Energy Co (NYSE:SM) – KeyCorp boosted their FY2017 earnings per share estimates for SM Energy in a research report issued on Tuesday. KeyCorp analyst C. Stevens now forecasts that the energy company will post earnings per share of ($0.91) for the year, up from their prior estimate of ($0.97). KeyCorp has a “Buy” rating and a $26.00 price objective on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2017 earnings at ($0.16) EPS, Q1 2018 earnings at $0.09 EPS, Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.31 EPS and FY2018 earnings at $0.72 EPS.
A number of other equities analysts also recently issued reports on SM. Credit Suisse Group began coverage on SM Energy in a research report on Monday. They set an “outperform” rating and a $27.00 price target on the stock. Barclays upped their price target on SM Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 11th. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday, November 9th. Mitsubishi UFJ Financial Group reaffirmed a “neutral” rating on shares of SM Energy in a research report on Monday, October 2nd. Finally, Williams Capital upped their price target on SM Energy from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. SM Energy has an average rating of “Hold” and an average target price of $25.79.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.07. The company had revenue of $295.40 million during the quarter, compared to the consensus estimate of $300.80 million. SM Energy had a negative net margin of 25.17% and a negative return on equity of 2.88%. SM Energy’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.37) earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of SM Energy by 12.1% during the second quarter. Pacer Advisors Inc. now owns 9,878 shares of the energy company’s stock valued at $163,000 after buying an additional 1,064 shares during the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of SM Energy during the second quarter valued at $165,000. Russell Investments Group Ltd. grew its holdings in shares of SM Energy by 43.7% during the second quarter. Russell Investments Group Ltd. now owns 12,368 shares of the energy company’s stock valued at $205,000 after buying an additional 3,762 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of SM Energy by 20.9% during the second quarter. Van ECK Associates Corp now owns 14,298 shares of the energy company’s stock valued at $236,000 after buying an additional 2,467 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of SM Energy during the third quarter valued at $261,000. 97.36% of the stock is currently owned by hedge funds and other institutional investors.
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SM Energy Company Profile
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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