SM Energy Co (NYSE:SM) – Research analysts at KeyCorp issued their Q1 2020 earnings per share estimates for shares of SM Energy in a note issued to investors on Wednesday, June 26th, according to Zacks Investment Research. KeyCorp analyst L. Mariani forecasts that the energy company will post earnings per share of $0.03 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for SM Energy’s Q2 2020 earnings at $0.00 EPS, Q3 2020 earnings at $0.02 EPS, Q4 2020 earnings at $0.02 EPS and FY2020 earnings at $0.07 EPS.
Other research analysts have also recently issued research reports about the stock. Wells Fargo & Co started coverage on shares of Forestar Group in a report on Monday, July 8th. They issued an “outperform” rating and a $23.00 target price for the company. Cowen set a $27.00 target price on shares of Schnitzer Steel Industries and gave the stock a “hold” rating in a report on Tuesday, April 9th. B. Riley set a $14.00 target price on shares of SM Energy and gave the stock a “hold” rating in a report on Wednesday, June 19th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Stephens reissued an “overweight” rating and issued a $20.00 target price (down previously from $26.00) on shares of SM Energy in a report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. SM Energy presently has a consensus rating of “Hold” and a consensus price target of $25.18.
Shares of SM stock traded up $0.55 on Friday, reaching $9.90. The company had a trading volume of 4,395,379 shares, compared to its average volume of 4,861,477. The firm has a market capitalization of $1.11 billion, a PE ratio of 330.00 and a beta of 2.98. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.41. SM Energy has a one year low of $8.89 and a one year high of $33.76. The firm has a 50-day simple moving average of $11.39.
SM Energy (NYSE:SM) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The firm had revenue of $340.90 million for 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 company’s quarterly revenue was down 55.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share.
In other news, EVP David W. Copeland purchased 10,000 shares of the stock in a transaction on Friday, May 24th. The stock was purchased at an average price of $12.71 per share, for a total transaction of $127,100.00. Following the acquisition, the executive vice president now owns 106,454 shares in the company, valued at $1,353,030.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Javan D. Ottoson purchased 5,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $14.63 per share, with a total value of $73,150.00. Following the acquisition, the chief executive officer now owns 182,126 shares in the company, valued at approximately $2,664,503.38. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,000 shares of company stock valued at $225,070. 1.00% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP bought a new position in SM Energy during the 1st quarter worth approximately $36,000. Private Capital Group LLC grew its position in shares of SM Energy by 113.3% during the 1st quarter. Private Capital Group LLC now owns 2,536 shares of the energy company’s stock worth $44,000 after buying an additional 1,347 shares during the period. Bessemer Group Inc. acquired a new stake in shares of SM Energy during the 4th quarter worth approximately $75,000. Bell & Brown Wealth Advisors LLC acquired a new stake in shares of SM Energy during the 4th quarter worth approximately $172,000. Finally, Alambic Investment Management L.P. grew its position in shares of SM Energy by 61.4% during the 4th quarter. Alambic Investment Management L.P. now owns 11,300 shares of the energy company’s stock worth $175,000 after buying an additional 4,300 shares during the period. Hedge funds and other institutional investors own 98.88% 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.