Q3 2018 EPS Estimates for SM Energy Co Raised by Capital One Financial (SM)
SM Energy Co (NYSE:SM) – Investment analysts at Capital One Financial increased their Q3 2018 earnings estimates for shares of SM Energy in a research note issued to investors on Thursday, October 18th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings per share of $0.22 for the quarter, up from their previous forecast of $0.02. Capital One Financial also issued estimates for SM Energy’s Q4 2018 earnings at $0.07 EPS, FY2018 earnings at $0.51 EPS and FY2019 earnings at $1.41 EPS.
Other equities analysts have also recently issued reports about the stock. KLR Group reaffirmed a “buy” rating and set a $40.00 target price on shares of SM Energy in a research note on Monday, August 20th. Citigroup raised their target price on shares of SM Energy to $29.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Scotiabank raised shares of SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. TheStreet raised shares of SM Energy from a “d+” rating to a “c-” rating in a research note on Monday, July 9th. Finally, Stifel Nicolaus cut their target price on shares of SM Energy from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. SM Energy currently has an average rating of “Buy” and a consensus target price of $31.60.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. The firm had revenue of $402.60 million during the quarter, compared to analysts’ expectations of $371.54 million. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The company’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.32) earnings per share.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Friday, October 26th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, October 25th. This represents a yield of 0.31%. SM Energy’s dividend payout ratio (DPR) is currently -12.20%.
Hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC lifted its position in SM Energy by 5.7% during the second quarter. Mutual of America Capital Management LLC now owns 88,479 shares of the energy company’s stock valued at $2,273,000 after purchasing an additional 4,770 shares during the last quarter. Swiss National Bank lifted its position in SM Energy by 5.5% during the second quarter. Swiss National Bank now owns 184,750 shares of the energy company’s stock valued at $4,746,000 after purchasing an additional 9,700 shares during the last quarter. ING Groep NV bought a new position in SM Energy during the second quarter valued at $404,000. Oregon Public Employees Retirement Fund lifted its position in SM Energy by 7.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 39,598 shares of the energy company’s stock valued at $1,017,000 after purchasing an additional 2,835 shares during the last quarter. Finally, Stephens Inc. AR bought a new position in SM Energy during the second quarter valued at $468,000.
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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