Q2 2018 Earnings Estimate for SM Energy (SM) Issued By Seaport Global Securities

SM Energy (NYSE:SM) – Equities research analysts at Seaport Global Securities lifted their Q2 2018 earnings per share estimates for shares of SM Energy in a research report issued on Wednesday, May 23rd. Seaport Global Securities analyst M. Kelly now anticipates that the energy company will post earnings per share of ($0.08) for the quarter, up from their prior forecast of ($0.09). Seaport Global Securities also issued estimates for SM Energy’s Q3 2018 earnings at $0.00 EPS, FY2018 earnings at $0.06 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $0.89 EPS.

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A number of other equities analysts also recently weighed in on the company. Tudor Pickering upgraded SM Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 10th. Williams Capital set a $40.00 target price on SM Energy and gave the stock a “buy” rating in a research note on Thursday, February 22nd. ValuEngine downgraded SM Energy from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 13th. Stifel Nicolaus cut their target price on SM Energy from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 23rd. Finally, Deutsche Bank began coverage on SM Energy in a research note on Thursday, February 1st. They issued a “buy” rating and a $32.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.13.

SM Energy opened at $25.89 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.42 and a quick ratio of 1.42. SM Energy has a 52-week low of $12.29 and a 52-week high of $28.20.

SM Energy (NYSE:SM) last released its quarterly earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $769.60 million during the quarter, compared to the consensus estimate of $361.40 million. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. The company’s quarterly revenue was up 106.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS.

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of SM Energy by 13.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 170,176 shares of the energy company’s stock worth $3,757,000 after purchasing an additional 19,836 shares during the period. EnCap Energy Capital Fund IX L.P. bought a new stake in shares of SM Energy in the 4th quarter worth approximately $180,780,000. California Public Employees Retirement System raised its holdings in shares of SM Energy by 9.7% in the 4th quarter. California Public Employees Retirement System now owns 357,079 shares of the energy company’s stock worth $7,884,000 after purchasing an additional 31,453 shares during the period. Hartree Partners LP bought a new stake in shares of SM Energy in the 4th quarter worth approximately $1,605,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of SM Energy by 10.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 451,060 shares of the energy company’s stock worth $9,960,000 after purchasing an additional 42,836 shares during the period.

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

SM Energy Company Profile

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.