FY2018 Earnings Estimate for SM Energy Co Issued By B. Riley (SM)

SM Energy Co (NYSE:SM) – Analysts at B. Riley cut their FY2018 earnings per share estimates for shares of SM Energy in a research note issued on Wednesday, November 21st. B. Riley analyst R. Rashid now anticipates that the energy company will post earnings of $0.34 per share for the year, down from their prior estimate of $0.42. B. Riley also issued estimates for SM Energy’s Q4 2018 earnings at $0.13 EPS.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Thursday, November 1st. The energy company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). The business had revenue of $459.37 million for the quarter, compared to the consensus estimate of $429.63 million. SM Energy had a net margin of 8.56% and a return on equity of 0.59%. SM Energy’s quarterly revenue was up 55.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.25) EPS.

Several other research firms have also issued reports on SM. Zacks Investment Research raised SM Energy from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, October 9th. Scotiabank raised SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Wells Fargo & Co raised SM Energy from a “market perform” rating to an “outperform” rating and set a $43.00 price objective for the company in a research note on Tuesday, October 23rd. Citigroup lifted their price objective on SM Energy to $29.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Finally, Stifel Nicolaus dropped their price objective on 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 investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $33.86.

NYSE:SM opened at $21.06 on Thursday. The firm has a market cap of $2.26 billion, a P/E ratio of -25.68, a price-to-earnings-growth ratio of 8.43 and a beta of 2.99. SM Energy has a 52-week low of $16.11 and a 52-week high of $33.76. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.62.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SM. Principal Financial Group Inc. raised its position in SM Energy by 1.8% during the first quarter. Principal Financial Group Inc. now owns 445,681 shares of the energy company’s stock valued at $8,036,000 after purchasing an additional 7,796 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of SM Energy by 40.0% in the second quarter. State of Alaska Department of Revenue now owns 12,180 shares of the energy company’s stock worth $312,000 after buying an additional 3,480 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of SM Energy in the second quarter worth about $11,609,000. Cypress Asset Management Inc. TX purchased a new position in shares of SM Energy in the second quarter worth about $218,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of SM Energy in the second quarter worth about $259,000.

The company also recently declared a semiannual dividend, which was paid on Wednesday, November 7th. Shareholders of record on Friday, October 26th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 25th. This represents a yield of 0.31%. SM Energy’s payout ratio is -12.20%.

About SM Energy

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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Earnings History and Estimates for SM Energy (NYSE:SM)

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