Research Analysts Issue Forecasts for SM Energy Company’s Q2 2017 Earnings (NYSE:SM)

SM Energy Company (NYSE:SM) – Equities researchers at Seaport Global Securities dropped their Q2 2017 EPS estimates for shares of SM Energy Company in a note issued to investors on Monday. Seaport Global Securities analyst M. Kelly now expects that the energy company will post earnings per share of ($0.38) for the quarter, down from their prior forecast of ($0.34). Seaport Global Securities currently has a “Neutral” rating and a $16.00 target price on the stock. Seaport Global Securities also issued estimates for SM Energy Company’s Q3 2017 earnings at ($0.38) EPS, Q4 2017 earnings at ($0.37) EPS, FY2017 earnings at ($1.31) EPS, Q1 2018 earnings at ($0.56) EPS, Q2 2018 earnings at ($0.59) EPS, Q3 2018 earnings at ($0.44) EPS, Q4 2018 earnings at ($0.42) EPS and FY2018 earnings at ($2.01) EPS.

Several other equities research analysts have also weighed in on SM. Scotiabank reiterated a “buy” rating and issued a $33.00 price objective on shares of SM Energy Company in a research note on Monday, March 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $38.00 price objective on shares of SM Energy Company in a research note on Friday, March 31st. Williams Capital reiterated a “buy” rating and issued a $45.00 price objective on shares of SM Energy Company in a research note on Monday, April 17th. Barclays PLC reiterated an “overweight” rating and issued a $30.00 price objective (down from $38.00) on shares of SM Energy Company in a research note on Saturday, April 22nd. Finally, Bank of America Corporation lowered SM Energy Company from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $48.00 to $37.00 in a research note on Thursday, May 11th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.21.

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Shares of SM Energy Company (NYSE SM) opened at 17.20 on Wednesday. The company’s market cap is $1.91 billion. SM Energy Company has a one year low of $13.76 and a one year high of $43.09. The company has a 50 day moving average price of $17.91 and a 200 day moving average price of $24.99.

SM Energy Company (NYSE:SM) last announced its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.54. The business had revenue of $372.74 million for the quarter, compared to the consensus estimate of $309.43 million. SM Energy Company had a negative return on equity of 3.28% and a negative net margin of 23.23%.

In other news, CEO Javan D. Ottoson acquired 2,000 shares of SM Energy Company stock in a transaction on Thursday, June 8th. The shares were purchased at an average price of $16.44 per share, with a total value of $32,880.00. Following the acquisition, the chief executive officer now owns 143,302 shares in the company, valued at $2,355,884.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Herbert S. Vogel acquired 3,000 shares of SM Energy Company stock in a transaction on Thursday, June 8th. The shares were purchased at an average cost of $16.60 per share, for a total transaction of $49,800.00. Following the acquisition, the executive vice president now owns 32,637 shares in the company, valued at approximately $541,774.20. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SM. Northwestern Mutual Investment Management Company LLC increased its position in SM Energy Company by 1.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 16,873 shares of the energy company’s stock valued at $405,000 after buying an additional 265 shares in the last quarter. Arizona State Retirement System increased its position in SM Energy Company by 0.9% in the first quarter. Arizona State Retirement System now owns 40,700 shares of the energy company’s stock worth $978,000 after buying an additional 371 shares during the period. US Bancorp DE increased its position in SM Energy Company by 0.6% in the first quarter. US Bancorp DE now owns 79,243 shares of the energy company’s stock worth $1,904,000 after buying an additional 449 shares during the period. Oregon Public Employees Retirement Fund increased its position in SM Energy Company by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 33,885 shares of the energy company’s stock worth $814,000 after buying an additional 500 shares during the period. Finally, Amalgamated Bank increased its position in SM Energy Company by 3.9% in the first quarter. Amalgamated Bank now owns 14,521 shares of the energy company’s stock worth $349,000 after buying an additional 549 shares during the period. 97.81% of the stock is currently owned by hedge funds and other institutional investors.

SM Energy Company 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 in onshore North America. It operates in the exploration and production segment of the oil and gas industry within the United States.

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

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