SM Energy Co (NYSE:SM) – Research analysts at B. Riley raised their Q2 2019 earnings per share estimates for SM Energy in a research report issued on Thursday, October 18th. B. Riley analyst R. Rashid now anticipates that the energy company will post earnings of $0.38 per share for the quarter, up from their previous estimate of $0.29. B. Riley currently has a “Neutral” rating and a $28.00 target price on the stock. B. Riley also issued estimates for SM Energy’s Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $1.73 EPS and Q1 2020 earnings at $0.87 EPS.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, October 9th. Scotiabank raised shares of SM Energy from a “sector perform” rating to an “outperform” rating in a research note on Thursday, September 27th. TheStreet raised shares of SM Energy from a “d+” rating to a “c-” rating in a research note on Monday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of SM Energy from $32.00 to $36.00 and gave the company a “$26.55” rating in a research note on Monday, July 23rd. Finally, Citigroup boosted their target price on shares of SM Energy to $29.00 and gave the company a “neutral” rating in a research note on Friday, August 17th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. SM Energy currently has an average rating of “Buy” and an average price target of $31.60.
SM Energy (NYSE:SM) last posted its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.09. SM Energy had a net margin of 11.85% and a negative return on equity of 0.43%. The business had revenue of $402.60 million during the quarter, compared to analyst estimates of $371.54 million. During the same period in the previous year, the business posted ($0.32) EPS. The company’s quarterly revenue was up 41.3% on a year-over-year basis.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of SM Energy by 1.5% in the 2nd quarter. BlackRock Inc. now owns 9,014,452 shares of the energy company’s stock worth $231,579,000 after acquiring an additional 130,241 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SM Energy by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,523,341 shares of the energy company’s stock worth $193,278,000 after acquiring an additional 447,610 shares during the period. Bank of America Corp DE lifted its stake in shares of SM Energy by 209.4% in the 2nd quarter. Bank of America Corp DE now owns 3,471,682 shares of the energy company’s stock worth $89,187,000 after acquiring an additional 2,349,442 shares during the period. Frontier Capital Management Co. LLC lifted its stake in shares of SM Energy by 15.3% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,878,739 shares of the energy company’s stock worth $73,955,000 after acquiring an additional 382,935 shares during the period. Finally, BlueMountain Capital Management LLC lifted its stake in shares of SM Energy by 376.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 1,266,031 shares of the energy company’s stock worth $32,524,000 after acquiring an additional 1,000,107 shares during the period.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Friday, October 26th will be paid a $0.05 dividend. This represents a dividend yield of 0.31%. The ex-dividend date is Thursday, October 25th. SM Energy’s dividend payout ratio is currently -12.20%.
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 Midland Basin and the Eagle Ford shale in Texas. As of December 31, 2017, the company had 468.1 million barrels of oil equivalent of estimated proved reserves; and working interests in 919 net productive oil wells and 489 net productive gas wells.
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