Somewhat Positive News Coverage Somewhat Unlikely to Affect SM Energy (SM) Share Price
News articles about SM Energy (NYSE:SM) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SM Energy earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.078412576425 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- 15 Major Oil, Gas & Energy Stocks With Multiple Analyst Upgrades and Price Hikes for Big Gains in 2018 (marketwatch.com)
- Comparing Rice Energy (RICE) & SM Energy (SM) (americanbankingnews.com)
- Pipeline capacity expansions in US Northeast to accelerate this quarter (smartbrief.com)
- Baker Hughes’ Rig Count Spikes as M&A Talk Swirls on Stronger Crude (finance.yahoo.com)
- Equities Analysts Issue Forecasts for SM Energy Co’s Q1 2018 Earnings (SM) (americanbankingnews.com)
SM Energy (SM) opened at $26.84 on Monday. SM Energy has a 52 week low of $12.29 and a 52 week high of $34.79. The firm has a market capitalization of $2,995.99, a price-to-earnings ratio of -7.87 and a beta of 3.02. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20.
SM Energy (NYSE:SM) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.25) earnings per share for the quarter, topping 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 company had revenue of $295.40 million for the quarter, compared to analyst estimates of $300.80 million. During the same quarter in the prior year, the company posted ($0.37) EPS. The business’s revenue for the quarter was down 16.2% compared to the same quarter last year. sell-side analysts expect that SM Energy will post -0.97 earnings per share for the current year.
A number of equities research analysts have commented on the company. Robert W. Baird increased their target price on SM Energy from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, December 18th. BMO Capital Markets set a $21.00 target price on SM Energy and gave the company a “hold” rating in a report on Tuesday, October 10th. Williams Capital reiterated a “buy” rating and set a $39.00 target price on shares of SM Energy in a report on Wednesday, January 10th. KeyCorp reiterated an “overweight” rating and set a $31.00 target price (up previously from $26.00) on shares of SM Energy in a report on Wednesday, January 10th. Finally, Barclays increased their target price on SM Energy from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. SM Energy currently has a consensus rating of “Hold” and a consensus target price of $27.47.
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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