SM Energy Co (NYSE:SM) – Investment analysts at Seaport Global Securities decreased their Q1 2019 earnings estimates for shares of SM Energy in a research note issued to investors on Wednesday, April 3rd. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.18) for the quarter, down from their previous forecast of $0.05. Seaport Global Securities currently has a “Buy” rating and a $34.00 target price on the stock. Seaport Global Securities also issued estimates for SM Energy’s Q2 2019 earnings at ($0.23) EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.11 EPS, FY2019 earnings at ($0.29) EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.30 EPS, Q4 2020 earnings at $0.34 EPS and FY2020 earnings at $1.18 EPS.
SM Energy (NYSE:SM) last posted its earnings results on Wednesday, February 20th. The energy company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.07). SM Energy had a return on equity of 0.15% and a net margin of 24.60%. The business had revenue of $394.20 million for the quarter, compared to analyst estimates of $373.95 million. During the same period in the previous year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 15.8% compared to the same quarter last year.
Several other research firms also recently issued reports on SM. Barclays set a $26.00 price target on SM Energy and gave the stock a “buy” rating in a research note on Tuesday, February 5th. ValuEngine raised SM Energy from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Zacks Investment Research lowered SM Energy from a “hold” rating to a “strong sell” rating in a report on Monday, December 31st. Tudor Pickering cut SM Energy from a “buy” rating to a “hold” rating in a research report on Friday, December 14th. Finally, Williams Capital reiterated a “buy” rating and set a $36.00 price target on shares of SM Energy in a report on Wednesday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.00.
Shares of NYSE:SM opened at $18.15 on Friday. SM Energy has a fifty-two week low of $13.15 and a fifty-two week high of $33.76. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 605.00 and a beta of 3.12. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.89.
Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of SM Energy by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 1,028,604 shares of the energy company’s stock valued at $15,922,000 after acquiring an additional 54,539 shares during the period. Norges Bank acquired a new stake in SM Energy in the 4th quarter valued at approximately $21,558,000. Bell & Brown Wealth Advisors LLC bought a new stake in SM Energy in the 4th quarter valued at approximately $172,000. Millennium Management LLC grew its holdings in shares of SM Energy by 37.5% in the 4th quarter. Millennium Management LLC now owns 8,613,431 shares of the energy company’s stock valued at $133,336,000 after acquiring an additional 2,348,170 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of SM Energy by 2.1% in the fourth quarter. Macquarie Group Ltd. now owns 3,321,122 shares of the energy company’s stock valued at $51,411,000 after acquiring an additional 68,645 shares during the last quarter.
The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 8th. Shareholders of record on Friday, April 26th will be paid a $0.05 dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, April 25th. SM Energy’s dividend payout ratio is currently 333.33%.
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. As of December 31, 2018, the company had 503.4 million barrels of oil equivalent of estimated proved reserves; and working interests in 715 gross productive oil wells and 504 gross productive gas wells primarily in the Permian, South Texas, and Gulf Coast regions in the United States.
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