SM Energy Co. (NYSE:SM) – Investment analysts at KeyCorp lowered their Q3 2016 earnings per share estimates for shares of SM Energy in a research report issued on Thursday. KeyCorp analyst C. Stevens now expects that the brokerage will post earnings per share of ($0.53) for the quarter, down from their previous estimate of ($0.51). KeyCorp currently has a “Overweight” rating and a $40.00 price target 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.
Several other equities research analysts have also recently weighed in on SM. Cantor Fitzgerald restated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Wednesday, August 3rd. Scotiabank upgraded shares of SM Energy from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $35.00 to $48.00 in a research report on Tuesday, October 4th. Mitsubishi UFJ Financial Group upgraded shares of SM Energy from an “underweight” rating to a “neutral” rating and set a $36.00 price target on the stock in a research report on Tuesday, August 23rd. Barclays PLC boosted their price objective on shares of SM Energy from $32.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. Finally, Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $33.52.
SM Energy (NYSE:SM) opened at 38.90 on Monday. The company’s market capitalization is $2.66 billion. The company has a 50 day moving average of $37.24 and a 200 day moving average of $30.49. SM Energy has a 52 week low of $6.99 and a 52 week high of $42.33.
SM Energy (NYSE:SM) last issued its quarterly earnings results 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 company earned $341.80 million during the quarter, compared to analyst estimates of $328.18 million. SM Energy had a negative net margin of 73.55% and a negative return on equity of 9.92%. SM Energy’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Friday, October 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, October 19th. This represents a dividend yield of 0.29%. SM Energy’s dividend payout ratio (DPR) is currently -0.80%.
In other news, SVP Kenneth J. Knott sold 661 shares of the company’s stock in a transaction dated Thursday, September 29th. The shares were sold at an average price of $40.00, for a total transaction of $26,440.00. Following the transaction, the senior vice president now owns 43,417 shares in the company, valued at $1,736,680. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.70% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new position in SM Energy during the second quarter valued at about $124,000. BlueMountain Capital Management LLC bought a new position in SM Energy during the second quarter valued at about $230,000. Teacher Retirement System of Texas increased 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 during the period. Amalgamated Bank bought a new position in SM Energy during the second quarter valued at about $277,000. Finally, Tower Research Capital LLC TRC bought a new position in SM Energy during the second quarter valued at about $285,000. Hedge funds and other institutional investors own 82.89% of the company’s stock.
SM Energy Company Profile