SM Energy Co (NYSE:SM) – SunTrust Banks decreased their Q2 2020 earnings per share (EPS) estimates for SM Energy in a report released on Thursday, June 25th. SunTrust Banks analyst N. Dingmann now anticipates that the energy company will earn ($0.61) per share for the quarter, down from their previous forecast of ($0.48). SunTrust Banks currently has a “Hold” rating and a $2.00 price objective on the stock. SunTrust Banks also issued estimates for SM Energy’s Q3 2020 earnings at ($0.53) EPS, Q4 2020 earnings at ($0.20) EPS, FY2020 earnings at ($1.38) EPS, Q1 2021 earnings at ($0.72) EPS, Q2 2021 earnings at ($0.71) EPS, Q3 2021 earnings at ($0.62) EPS, Q4 2021 earnings at ($0.51) EPS and FY2021 earnings at ($2.57) EPS.
A number of other analysts also recently weighed in on SM. Wells Fargo & Co raised their price target on shares of SM Energy from $5.00 to $6.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Scotiabank downgraded shares of SM Energy from a “sector perform” rating to an “underperform” rating in a report on Tuesday, April 7th. Siebert Williams Shank reaffirmed a “hold” rating and issued a $2.00 price objective on shares of SM Energy in a report on Wednesday, April 29th. JPMorgan Chase & Co. downgraded shares of SM Energy from an “overweight” rating to an “underweight” rating in a report on Wednesday, March 25th. Finally, Susquehanna Bancshares lifted their price objective on shares of SM Energy from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.97.
SM stock opened at $3.75 on Monday. SM Energy has a twelve month low of $0.90 and a twelve month high of $12.91. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $405.63 million, a P/E ratio of -1.01 and a beta of 5.70. The firm has a 50 day simple moving average of $4.07 and a 200-day simple moving average of $5.83.
SM Energy (NYSE:SM) last released its quarterly earnings results on Wednesday, April 29th. The energy company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.16. SM Energy had a negative net margin of 26.25% and a negative return on equity of 0.80%. The business had revenue of $355.70 million during the quarter, compared to the consensus estimate of $394.51 million. During the same quarter last year, the company earned ($0.34) earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp grew its holdings in SM Energy by 36.4% during the first quarter. State Street Corp now owns 10,886,485 shares of the energy company’s stock worth $13,282,000 after acquiring an additional 2,903,195 shares during the period. Royal Bank of Canada increased its stake in SM Energy by 146.9% in the 1st quarter. Royal Bank of Canada now owns 65,556 shares of the energy company’s stock worth $80,000 after purchasing an additional 39,004 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in SM Energy by 97.0% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 29,835 shares of the energy company’s stock worth $36,000 after purchasing an additional 14,687 shares in the last quarter. AQR Capital Management LLC purchased a new position in SM Energy in the 1st quarter worth about $49,000. Finally, Engineers Gate Manager LP purchased a new position in SM Energy in the 1st quarter worth about $65,000. Institutional investors and hedge funds own 96.85% of the company’s stock.
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. 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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