Q3 2017 Earnings Estimate for SM Energy Company (SM) Issued By Capital One Financial Corporation
SM Energy Company (NYSE:SM) – Equities researchers at Capital One Financial Corporation lowered their Q3 2017 earnings per share estimates for shares of SM Energy in a research report issued on Tuesday. Capital One Financial Corporation analyst B. Velie now anticipates that the energy company will post earnings per share of ($0.36) for the quarter, down from their prior estimate of ($0.29). Capital One Financial Corporation also issued estimates for SM Energy’s Q4 2017 earnings at ($0.34) EPS, FY2017 earnings at ($1.20) EPS and FY2018 earnings at ($1.45) EPS.
A number of other research analysts have also recently commented on the company. Royal Bank Of Canada set a $20.00 price target on SM Energy and gave the company a “hold” rating in a research note on Thursday, August 24th. Barclays PLC dropped their price target on SM Energy from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th. BidaskClub cut SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $20.00 price target on SM Energy and gave the company a “hold” rating in a research note on Saturday, August 5th. Finally, Williams Capital set a $32.00 price target on SM Energy and gave the company a “buy” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $31.87.
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Shares of SM Energy (SM) opened at 13.36 on Thursday. The firm’s market capitalization is $1.49 billion. The stock has a 50 day moving average price of $15.37 and a 200 day moving average price of $19.53. SM Energy has a 1-year low of $12.98 and a 1-year high of $43.09.
SM Energy (NYSE:SM) last released its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.32). The company had revenue of $284.94 million during the quarter, compared to analysts’ expectations of $299.12 million. SM Energy had a negative return on equity of 3.11% and a negative net margin of 20.67%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period last year, the firm earned ($0.44) EPS.
In other SM Energy news, CEO Javan D. Ottoson purchased 2,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average cost of $16.44 per share, for a total transaction of $32,880.00. Following the acquisition, the chief executive officer now owns 143,302 shares in the company, valued at approximately $2,355,884.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Herbert S. Vogel purchased 3,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were acquired at an average price of $16.60 per share, with a total value of $49,800.00. Following the completion of the acquisition, the executive vice president now owns 32,637 shares in the company, valued at approximately $541,774.20. The disclosure for this purchase can be found here. Company insiders own 0.89% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Meadow Creek Investment Management LLC increased its stake in shares of SM Energy by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of SM Energy by 12.1% in 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 in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of SM Energy during the second quarter valued at approximately $165,000. Credit Agricole S A increased its stake in shares of SM Energy by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares in the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management increased its stake in shares of SM Energy by 3.2% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 10,959 shares of the energy company’s stock valued at $181,000 after buying an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 97.06% 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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