SM Energy Company (NYSE:SM) – Equities researchers at Seaport Global Securities issued their Q3 2017 earnings estimates for shares of SM Energy in a research report issued on Thursday. Seaport Global Securities analyst M. Kelly forecasts that the energy company will earn ($0.36) per share for the quarter. Seaport Global Securities currently has a “Neutral” rating and a $16.00 target price on the stock. Seaport Global Securities also issued estimates for SM Energy’s Q4 2017 earnings at ($0.37) EPS, FY2017 earnings at ($1.23) EPS, Q1 2018 earnings at ($0.49) EPS, Q2 2018 earnings at ($0.49) EPS, Q3 2018 earnings at ($0.37) EPS, Q4 2018 earnings at ($0.35) EPS and FY2018 earnings at ($1.70) EPS.
Several other research firms also recently weighed in on SM. BMO Capital Markets set a $20.00 target price on shares of SM Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Scotiabank downgraded shares of SM Energy from an “outperform” rating to a “sector perform” rating and set a $24.00 target price for the company. in a research note on Tuesday, May 16th. BidaskClub downgraded shares of SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Williams Capital set a $32.00 target price on shares of SM Energy and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of SM Energy from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. SM Energy presently has a consensus rating of “Hold” and a consensus target price of $33.29.
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SM Energy (SM) opened at 14.31 on Monday. The firm’s 50-day moving average is $16.27 and its 200 day moving average is $20.79. SM Energy has a 52-week low of $13.76 and a 52-week high of $43.09. The firm’s market capitalization is $1.60 billion.
SM Energy (NYSE:SM) last posted its earnings results on Thursday, August 3rd. The energy company reported ($0.32) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.32). The firm had revenue of $284.94 million for the quarter, compared to the consensus estimate of $299.12 million. SM Energy had a negative net margin of 20.67% and a negative return on equity of 3.11%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.44) earnings per share.
In related news, CEO Javan D. Ottoson purchased 2,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was acquired at an average price of $16.44 per share, with a total value of $32,880.00. Following the purchase, the chief executive officer now directly owns 143,302 shares in the company, valued at $2,355,884.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Herbert S. Vogel purchased 3,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was bought at an average cost of $16.60 per share, with a total value of $49,800.00. Following the purchase, the executive vice president now owns 32,637 shares in the company, valued at $541,774.20. The disclosure for this purchase can be found here. 0.89% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in SM Energy during the fourth quarter worth approximately $221,000. Teachers Advisors LLC boosted its position in SM Energy by 19.7% in the fourth quarter. Teachers Advisors LLC now owns 181,994 shares of the energy company’s stock worth $6,275,000 after buying an additional 30,015 shares in the last quarter. Capstone Asset Management Co. boosted its position in SM Energy by 10.8% in the first quarter. Capstone Asset Management Co. now owns 8,546 shares of the energy company’s stock worth $205,000 after buying an additional 830 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in SM Energy by 3.8% in the first quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the energy company’s stock worth $593,000 after buying an additional 900 shares in the last quarter. Finally, Cypress Capital Management LLC WY boosted its position in SM Energy by 193.3% in the first quarter. Cypress Capital Management LLC WY now owns 35,190 shares of the energy company’s stock worth $845,000 after buying an additional 23,190 shares in the last quarter. 97.40% of the stock is owned by institutional investors and hedge funds.
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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