SM Energy Company (NYSE:SM) – Williams Capital reduced their Q2 2017 EPS estimates for shares of SM Energy Company in a research report issued to clients and investors on Monday. Williams Capital analyst G. Sorbara now anticipates that the energy company will post earnings per share of ($0.40) for the quarter, down from their previous estimate of ($0.39). Williams Capital currently has a “Buy” rating and a $40.00 target price on the stock. Williams Capital also issued estimates for SM Energy Company’s FY2017 earnings at ($1.05) EPS, FY2018 earnings at $0.28 EPS and FY2019 earnings at $2.36 EPS.
A number of other research firms also recently weighed in on SM. Royal Bank of Canada set a $41.00 price target on shares of SM Energy Company and gave the company a “hold” rating in a research report on Friday, February 24th. Deutsche Bank AG dropped their price target on shares of SM Energy Company from $39.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday, March 7th. Scotiabank reiterated a “buy” rating and issued a $33.00 price target on shares of SM Energy Company in a research report on Monday, March 27th. Bank of America Corporation downgraded shares of SM Energy Company from a “buy” rating to a “neutral” rating and dropped their price target for the company from $48.00 to $37.00 in a research report on Thursday, May 11th. Finally, Barclays PLC restated an “overweight” rating and set a $30.00 price objective (down from $38.00) on shares of SM Energy Company in a research report on Saturday, April 22nd. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $39.42.
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Shares of SM Energy Company (NYSE:SM) opened at 15.60 on Thursday. The company’s market capitalization is $1.74 billion. The stock has a 50 day moving average price of $19.57 and a 200 day moving average price of $26.41. SM Energy Company has a 1-year low of $15.29 and a 1-year high of $43.09.
SM Energy Company (NYSE:SM) last released its quarterly earnings data on Tuesday, May 2nd. The energy company reported $0.18 earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.54. SM Energy Company had a negative return on equity of 3.28% and a negative net margin of 23.23%. The company had revenue of $372.74 million for the quarter, compared to analyst estimates of $309.43 million.
Several hedge funds have recently modified their holdings of SM. Tyers Asset Management LLC acquired a new stake in shares of SM Energy Company during the fourth quarter valued at $125,000. Meadow Creek Investment Management LLC boosted its stake in shares of SM Energy Company by 172.9% in the first quarter. Meadow Creek Investment Management LLC now owns 5,632 shares of the energy company’s stock valued at $135,000 after buying an additional 3,568 shares in the last quarter. Flinton Capital Management LLC acquired a new stake in shares of SM Energy Company during the fourth quarter valued at $151,000. Credit Agricole S A boosted its stake in shares of SM Energy Company by 13.2% in the first quarter. Credit Agricole S A now owns 7,106 shares of the energy company’s stock valued at $171,000 after buying an additional 831 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its stake in shares of SM Energy Company by 172.9% in the first quarter. Neuburgh Advisers LLC now owns 7,744 shares of the energy company’s stock valued at $186,000 after buying an additional 4,906 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.
In other SM Energy Company news, CEO Javan D. Ottoson acquired 2,000 shares of SM Energy Company stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $16.44 per share, with a total value of $32,880.00. Following the completion of the purchase, the chief executive officer now directly owns 143,302 shares in the company, valued at approximately $2,355,884.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Herbert S. Vogel acquired 3,000 shares of SM Energy Company stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average cost of $16.60 per share, for a total transaction of $49,800.00. Following the purchase, the executive vice president now owns 32,637 shares of the company’s stock, valued at $541,774.20. The disclosure for this purchase can be found here. Insiders own 0.89% of the company’s stock.
About SM Energy Company
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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