B. Riley Analysts Boost Earnings Estimates for SM Energy Co (SM)

SM Energy Co (NYSE:SM) – Research analysts at B. Riley upped their Q3 2019 earnings per share (EPS) estimates for SM Energy in a report issued on Friday, May 17th. B. Riley analyst R. Rashid now anticipates that the energy company will post earnings of $0.11 per share for the quarter, up from their prior forecast of $0.09. B. Riley also issued estimates for SM Energy’s Q1 2020 earnings at $0.11 EPS and Q2 2020 earnings at $0.13 EPS.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $340.90 million during the quarter, compared to analyst estimates of $341.25 million. SM Energy had a negative return on equity of 1.52% and a net margin of 0.82%. The business’s revenue for the quarter was down 55.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share.



SM has been the topic of several other reports. Barclays lowered shares of SM Energy from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $26.00 to $20.00 in a research report on Tuesday, February 26th. Stephens began coverage on shares of SM Energy in a research report on Thursday, March 28th. They issued an “overweight” rating and a $27.00 price target on the stock. Cowen began coverage on shares of SM Energy in a research report on Tuesday, April 9th. They issued an “outperform” rating and a $23.00 price target on the stock. MKM Partners decreased their price target on shares of SM Energy to $22.00 and set a “buy” rating on the stock in a research report on Friday, February 22nd. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $20.00 price target (down from $21.00) on shares of SM Energy in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $28.88.

NYSE SM opened at $14.58 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 486.00 and a beta of 3.03. SM Energy has a 52-week low of $13.15 and a 52-week high of $33.76.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, April 26th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, April 25th. This represents a dividend yield of 0.58%. SM Energy’s dividend payout ratio (DPR) is currently 333.33%.

In other SM Energy news, CEO Javan D. Ottoson bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were acquired at an average cost of $14.63 per share, for a total transaction of $73,150.00. Following the transaction, the chief executive officer now owns 182,126 shares in the company, valued at $2,664,503.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd bought a new position in SM Energy during the 1st quarter valued at about $706,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in SM Energy by 1,531.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,485 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,394 shares during the last quarter. Man Group plc lifted its holdings in SM Energy by 15.8% during the 1st quarter. Man Group plc now owns 309,140 shares of the energy company’s stock valued at $5,407,000 after purchasing an additional 42,149 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in SM Energy by 4.1% during the 1st quarter. Macquarie Group Ltd. now owns 3,455,777 shares of the energy company’s stock valued at $60,442,000 after purchasing an additional 134,655 shares during the last quarter. Finally, SEI Investments Co bought a new position in SM Energy during the 1st quarter valued at about $291,000.

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. 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.

Read More: Cost of Capital Explained

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

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