SM Energy Co (NYSE:SM) – Stock analysts at Capital One Financial lowered their Q2 2019 earnings per share (EPS) estimates for SM Energy in a research note issued to investors on Thursday, July 18th. Capital One Financial analyst B. Velie now anticipates that the energy company will post earnings of ($0.19) per share for the quarter, down from their prior estimate of ($0.08). Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for SM Energy’s FY2019 earnings at ($0.50) EPS.
Other analysts have also issued research reports about the company. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Susquehanna Bancshares set a $13.00 target price on SM Energy and gave the company a “hold” rating in a report on Wednesday, June 19th. TheStreet upgraded ZTO Express (Cayman) from a “c+” rating to a “b” rating in a report on Thursday, May 16th. Cowen set a $27.00 target price on Schnitzer Steel Industries and gave the company a “hold” rating in a report on Tuesday, April 9th. Finally, B. Riley set a $14.00 target price on SM Energy and gave the company a “hold” rating in a report on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.18.
NYSE:SM opened at $10.14 on Monday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 338.00 and a beta of 2.98. SM Energy has a fifty-two week low of $8.89 and a fifty-two week high of $33.76. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.41 and a current ratio of 0.41. The company’s 50 day moving average is $11.25.
SM Energy (NYSE:SM) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company 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 revenue for the quarter was down 55.7% compared to the same quarter last year. During the same period last year, the company posted $0.07 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. grew its stake in shares of SM Energy by 0.3% in the fourth quarter. American International Group Inc. now owns 210,436 shares of the energy company’s stock worth $3,258,000 after acquiring an additional 576 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of SM Energy by 0.5% in the first quarter. Retirement Systems of Alabama now owns 134,423 shares of the energy company’s stock worth $2,351,000 after acquiring an additional 654 shares during the last quarter. Mason Street Advisors LLC grew its stake in shares of SM Energy by 1.6% in the first quarter. Mason Street Advisors LLC now owns 54,913 shares of the energy company’s stock worth $960,000 after acquiring an additional 872 shares during the last quarter. Private Capital Group LLC grew its stake in shares of SM Energy by 113.3% in the first quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock worth $44,000 after acquiring an additional 1,347 shares during the last quarter. Finally, Tyers Asset Management LLC grew its stake in shares of SM Energy by 4.1% in the first quarter. Tyers Asset Management LLC now owns 46,732 shares of the energy company’s stock worth $817,000 after acquiring an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.
In other news, EVP David W. Copeland acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was acquired at an average price of $12.71 per share, for a total transaction of $127,100.00. Following the completion of the acquisition, the executive vice president now owns 106,454 shares in the company, valued at $1,353,030.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Javan D. Ottoson acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $14.63 per share, with a total value of $73,150.00. Following the acquisition, the chief executive officer now owns 182,126 shares of the company’s stock, valued at approximately $2,664,503.38. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,000 shares of company stock valued at $225,070. 1.00% of the stock is owned by corporate insiders.
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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