SM Energy (NYSE:SM) – B. Riley reduced their Q4 2018 earnings per share estimates for SM Energy in a note issued to investors on Thursday, April 26th. B. Riley analyst R. Rashid now anticipates that the energy company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.36. B. Riley currently has a “Buy” rating and a $28.00 target price on the stock.

SM Energy (NYSE:SM) last released its earnings results on Wednesday, February 21st. The energy company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.07. SM Energy had a negative net margin of 12.43% and a negative return on equity of 2.09%. The firm had revenue of $340.53 million during the quarter, compared to analyst estimates of $330.83 million. During the same period last year, the business earned ($0.31) earnings per share. The business’s revenue was down 10.4% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the stock. Williams Capital reissued a “buy” rating and set a $39.00 price target on shares of SM Energy in a research report on Wednesday, January 10th. Citigroup raised shares of SM Energy from a “neutral” rating to a “positive” rating in a research report on Tuesday, February 20th. Stifel Nicolaus set a $44.00 price target on shares of SM Energy and gave the company a “buy” rating in a research report on Monday, January 29th. Deutsche Bank assumed coverage on shares of SM Energy in a research report on Thursday, February 1st. They set a “buy” rating and a $32.00 price target for the company. Finally, ValuEngine downgraded shares of SM Energy from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.93.

SM stock opened at $23.42 on Friday. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20. The company has a market cap of $2,600.07, a PE ratio of -28.56, a price-to-earnings-growth ratio of 12.64 and a beta of 2.98. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.21.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Friday, April 27th will be given a $0.05 dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, April 26th. SM Energy’s dividend payout ratio (DPR) is presently -12.20%.

A number of large investors have recently bought and sold shares of the business. ING Groep NV grew its position in SM Energy by 23.6% in the 4th quarter. ING Groep NV now owns 15,496 shares of the energy company’s stock worth $342,000 after purchasing an additional 2,960 shares during the period. American International Group Inc. grew its position in SM Energy by 1.6% in the 4th quarter. American International Group Inc. now owns 212,650 shares of the energy company’s stock worth $4,695,000 after purchasing an additional 3,249 shares during the period. Swiss National Bank grew its position in SM Energy by 2.6% in the 4th quarter. Swiss National Bank now owns 171,150 shares of the energy company’s stock worth $3,779,000 after purchasing an additional 4,400 shares during the period. Amundi Pioneer Asset Management Inc. bought a new stake in SM Energy in the 4th quarter worth approximately $134,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of SM Energy during the 4th quarter valued at $143,000.

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. It primarily has operations in the South Texas and Gulf Coast, Rocky Mountain, and Permian regions.

Earnings History and Estimates for SM Energy (NYSE:SM)

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