SM Energy Co. (NYSE:SM) – KeyCorp dropped their Q3 2016 earnings per share (EPS) estimates for shares of SM Energy in a note issued to investors on Thursday. KeyCorp analyst C. Stevens now expects that the firm will post earnings per share of ($0.53) for the quarter, down from their prior forecast of ($0.51). KeyCorp currently has a “Overweight” rating and a $40.00 target price on the stock. KeyCorp also issued estimates for SM Energy’s Q4 2016 earnings at ($0.46) EPS, FY2016 earnings at ($2.24) EPS and FY2017 earnings at ($1.05) EPS.
SM has been the subject of several other reports. Deutsche Bank AG boosted their target price on shares of SM Energy from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Capital One Financial Corp. raised shares of SM Energy from an “equal weight” rating to an “overweight” rating in a research report on Tuesday. Piper Jaffray Cos. raised shares of SM Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, August 15th. Citigroup Inc. raised shares of SM Energy to a “neutral” rating and boosted their target price for the stock from $16.00 to $36.00 in a research report on Monday, August 22nd. Finally, Williams Capital began coverage on shares of SM Energy in a research report on Monday, August 29th. They set a “buy” rating and a $57.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. SM Energy currently has a consensus rating of “Hold” and a consensus target price of $33.52.
Shares of SM Energy (NYSE:SM) opened at 39.06 on Monday. SM Energy has a 12 month low of $6.99 and a 12 month high of $43.09. The firm’s market capitalization is $2.67 billion. The firm’s 50-day moving average is $37.32 and its 200 day moving average is $30.87.
SM Energy (NYSE:SM) last issued its quarterly earnings data on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.27. The firm earned $341.80 million during the quarter, compared to the consensus estimate of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be issued a $0.05 dividend. This represents a dividend yield of 0.29%. The ex-dividend date of this dividend is Wednesday, October 19th. SM Energy’s payout ratio is -0.80%.
In other news, SVP Kenneth J. Knott sold 661 shares of the stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $40.00, for a total value of $26,440.00. Following the transaction, the senior vice president now owns 43,417 shares of the company’s stock, valued at approximately $1,736,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC bought a new position in shares of SM Energy during the second quarter worth approximately $124,000. BlueMountain Capital Management LLC acquired a new position in SM Energy during the second quarter valued at approximately $230,000. Teacher Retirement System of Texas raised its position in SM Energy by 11.9% in the second quarter. Teacher Retirement System of Texas now owns 9,305 shares of the energy company’s stock valued at $251,000 after buying an additional 993 shares in the last quarter. Amalgamated Bank acquired a new position in SM Energy during the second quarter valued at approximately $277,000. Finally, Tower Research Capital LLC TRC acquired a new position in SM Energy during the second quarter valued at approximately $285,000. 82.83% of the stock is currently owned by hedge funds and other institutional investors.
SM Energy Company Profile
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 (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.
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