SM Energy Co (NYSE:SM) – KeyCorp cut their Q3 2019 EPS estimates for SM Energy in a research report issued on Monday, July 15th. KeyCorp analyst L. Mariani now anticipates that the energy company will earn $0.07 per share for the quarter, down from their previous estimate of $0.11. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2019 earnings at $0.04 EPS and Q1 2020 earnings at $0.00 EPS.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $340.90 million for the quarter, compared to analysts’ expectations of $341.25 million. SM Energy had a net margin of 0.82% and a negative return on equity of 1.52%. The business’s quarterly revenue was down 55.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS.
Several other research firms have also issued reports on SM. TheStreet raised ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th. Raymond James reaffirmed an “outperform” rating and issued a $15.00 price target (down previously from $20.00) on shares of SM Energy in a research report on Thursday. Wells Fargo & Co initiated coverage on Forestar Group in a research report on Monday, July 8th. They issued an “outperform” rating and a $23.00 price target for the company. Barclays reaffirmed a “buy” rating and issued a $65.00 price target on shares of Owens Corning in a research report on Monday, July 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price target (down previously from $26.00) on shares of SM Energy in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. SM Energy currently has a consensus rating of “Hold” and a consensus price target of $25.18.
SM opened at $9.35 on Wednesday. The stock has a 50-day moving average of $11.45. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.96. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 311.67 and a beta of 2.98. SM Energy has a 1 year low of $8.88 and a 1 year high of $33.76.
Several institutional investors have recently added to or reduced their stakes in SM. Twin Tree Management LP bought a new stake in shares of SM Energy during the 1st quarter valued at about $36,000. Private Capital Group LLC grew its stake in shares of SM Energy by 113.3% during the 1st quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock valued at $44,000 after purchasing an additional 1,347 shares during the period. Bessemer Group Inc. bought a new stake in shares of SM Energy during the 4th quarter valued at about $75,000. Bell & Brown Wealth Advisors LLC bought a new stake in shares of SM Energy during the 4th quarter valued at about $172,000. Finally, CWM Advisors LLC bought a new stake in shares of SM Energy during the 2nd quarter valued at about $179,000. Institutional investors and hedge funds own 98.88% of the company’s stock.
In other SM Energy news, CEO Javan D. Ottoson bought 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was acquired at an average price of $14.63 per share, with a total value of $73,150.00. Following the transaction, the chief executive officer now owns 182,126 shares in the company, valued at $2,664,503.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David W. Copeland bought 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was acquired at an average cost of $12.71 per share, with a total value of $127,100.00. Following the transaction, the executive vice president now owns 106,454 shares in the company, valued at approximately $1,353,030.34. The disclosure for this purchase can be found here. In the last three months, insiders acquired 17,000 shares of company stock valued at $225,070. 1.00% of the stock is owned by insiders.
SM Energy Company Profile
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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