SM Energy Co (SM) Forecasted to Post Q1 2019 Earnings of $0.52 Per Share
SM Energy Co (NYSE:SM) – Equities researchers at KeyCorp issued their Q1 2019 EPS estimates for shares of SM Energy in a note issued to investors on Tuesday. KeyCorp analyst C. Stevens expects that the energy company will post earnings of $0.52 per share for the quarter. KeyCorp has a “Buy” rating and a $26.00 price target on the stock. KeyCorp also issued estimates for SM Energy’s Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.65 EPS and FY2019 earnings at $2.39 EPS.
Other research analysts have also recently issued reports about the company. BMO Capital Markets set a $21.00 price objective on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Williams Capital reiterated a “buy” rating and issued a $30.00 price objective on shares of SM Energy in a report on Friday, September 15th. Credit Suisse Group began coverage on SM Energy in a report on Monday, December 11th. They issued an “outperform” rating and a $27.00 price objective on the stock. Royal Bank of Canada set a $20.00 price objective on SM Energy and gave the company a “hold” rating in a report on Thursday, August 24th. Finally, Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. SM Energy currently has a consensus rating of “Hold” and an average target price of $25.79.
SM Energy (NYSE:SM) traded down $0.34 on Thursday, reaching $19.34. The company had a trading volume of 5,349,716 shares, compared to its average volume of 3,300,581. SM Energy has a 12-month low of $12.29 and a 12-month high of $37.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.53 and a current ratio of 1.53.
SM Energy (NYSE:SM) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.25) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.07. SM Energy had a negative return on equity of 2.88% and a negative net margin of 25.17%. The firm had revenue of $295.40 million for the quarter, compared to analysts’ expectations of $300.80 million. During the same period in the prior year, the firm posted ($0.37) earnings per share. The firm’s quarterly revenue was down 16.2% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Key Group Holdings Cayman LTD. raised its position in SM Energy by 40.9% in the second quarter. Key Group Holdings Cayman LTD. now owns 5,305,568 shares of the energy company’s stock valued at $87,701,000 after purchasing an additional 1,538,955 shares during the period. State Street Corp raised its position in SM Energy by 17.7% in the second quarter. State Street Corp now owns 5,195,340 shares of the energy company’s stock valued at $85,878,000 after purchasing an additional 780,106 shares during the period. Dimensional Fund Advisors LP raised its position in SM Energy by 12.7% in the third quarter. Dimensional Fund Advisors LP now owns 4,747,344 shares of the energy company’s stock valued at $84,220,000 after purchasing an additional 536,076 shares during the period. Alliancebernstein L.P. raised its position in SM Energy by 12.6% in the second quarter. Alliancebernstein L.P. now owns 4,497,847 shares of the energy company’s stock valued at $74,349,000 after purchasing an additional 504,248 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of SM Energy by 12.5% during the third quarter. Macquarie Group Ltd. now owns 3,132,954 shares of the energy company’s stock worth $55,579,000 after acquiring an additional 348,450 shares during the period. 97.36% of the stock is currently owned by institutional investors.
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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