SM Energy Co (NYSE:SM) – Stock analysts at B. Riley reduced their Q2 2019 earnings per share estimates for SM Energy in a report issued on Wednesday, June 19th, Zacks Investment Research reports. B. Riley analyst R. Rashid now expects that the energy company will earn ($0.06) per share for the quarter, down from their previous estimate of $0.04. B. Riley has a “Hold” rating and a $14.00 price objective on the stock. B. Riley also issued estimates for SM Energy’s Q3 2019 earnings at ($0.16) EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at ($0.55) EPS, Q1 2020 earnings at ($0.05) EPS, Q2 2020 earnings at ($0.03) EPS, Q3 2020 earnings at $0.00 EPS, Q4 2020 earnings at $0.01 EPS and FY2020 earnings at ($0.07) 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 firm had revenue of $340.90 million during the quarter, compared to the consensus estimate of $341.25 million. SM Energy had a net margin of 0.82% and a negative return on equity of 1.52%. SM Energy’s revenue was down 55.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS.
SM Energy stock traded down $0.22 during mid-day trading on Friday, hitting $10.82. The stock had a trading volume of 2,453,629 shares, compared to its average volume of 4,612,145. The firm’s 50-day moving average is $11.76. The firm has a market cap of $1.24 billion, a PE ratio of 360.67 and a beta of 2.98. SM Energy has a 12 month low of $10.17 and a 12 month high of $33.76. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.41.
In other SM Energy news, EVP David W. Copeland purchased 10,000 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were bought at an average price of $12.71 per share, with a total value of $127,100.00. Following the completion of the transaction, the executive vice president now directly owns 106,454 shares in the company, valued at approximately $1,353,030.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Javan D. Ottoson purchased 5,000 shares of the company’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 of the company’s stock, valued at $2,664,503.38. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 17,000 shares of company stock worth $225,070. 1.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SM. Cerebellum GP LLC boosted its stake in SM Energy by 15.7% in the 1st quarter. Cerebellum GP LLC now owns 19,049 shares of the energy company’s stock valued at $333,000 after purchasing an additional 2,578 shares during the period. Marshall Wace North America L.P. bought a new stake in SM Energy in the 1st quarter valued at $5,444,000. Marshall Wace LLP bought a new stake in SM Energy in the 1st quarter valued at $679,000. Trexquant Investment LP bought a new stake in SM Energy in the 1st quarter valued at $2,593,000. Finally, Tyers Asset Management LLC boosted its stake in SM Energy by 4.1% in the 1st quarter. Tyers Asset Management LLC now owns 46,732 shares of the energy company’s stock valued at $817,000 after purchasing an additional 1,848 shares during the period. 98.88% of the stock is currently owned by institutional investors.
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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