FY2016 Earnings Forecast for SM Energy Company (SM) Issued By Williams Capital

FY2016 Earnings Forecast for SM Energy Company (SM) Issued By Williams Capital

SM Energy Company (NYSE:SM) – Equities research analysts at Williams Capital reduced their FY2016 earnings per share estimates for SM Energy Company in a report issued on Tuesday. Williams Capital analyst G. Sorbara now forecasts that the brokerage will earn ($1.86) per share for the year, down from their prior estimate of ($1.84). Williams Capital also issued estimates for SM Energy Company’s Q4 2016 earnings at ($0.29) EPS and FY2017 earnings at ($0.09) EPS.

A number of other analysts also recently issued reports on SM. Stifel Nicolaus raised shares of SM Energy Company from a “hold” rating to a “buy” rating and increased their price target for the stock from $35.00 to $51.00 in a report on Thursday, December 1st. Bank of America Corp began coverage on shares of SM Energy Company in a report on Wednesday, January 4th. They set a “buy” rating and a $52.00 price target on the stock. Zacks Investment Research downgraded shares of SM Energy Company from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd. RBC Capital Markets reissued a “hold” rating and set a $43.00 price target on shares of SM Energy Company in a report on Tuesday, January 3rd. Finally, Scotiabank raised shares of SM Energy Company from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $35.00 to $48.00 in a report on Tuesday, October 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. SM Energy Company currently has an average rating of “Buy” and an average target price of $37.94.

SM Energy Company (NYSE:SM) traded up 0.48% during mid-day trading on Friday, hitting $33.66. 670,682 shares of the stock were exchanged. The stock’s 50 day moving average is $34.53 and its 200 day moving average is $34.30. The stock’s market cap is $2.92 billion. SM Energy Company has a 52-week low of $6.99 and a 52-week high of $43.09.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in SM Energy Company by 3.4% in the second quarter. FMR LLC now owns 10,211,756 shares of the energy company’s stock worth $275,717,000 after buying an additional 335,165 shares during the last quarter. Capital Research Global Investors boosted its stake in SM Energy Company by 0.5% in the third quarter. Capital Research Global Investors now owns 7,245,940 shares of the energy company’s stock worth $279,548,000 after buying an additional 37,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in SM Energy Company by 1.3% in the second quarter. Vanguard Group Inc. now owns 5,060,965 shares of the energy company’s stock worth $136,646,000 after buying an additional 66,382 shares during the last quarter. BlackRock Fund Advisors boosted its stake in SM Energy Company by 32.5% in the third quarter. BlackRock Fund Advisors now owns 3,290,010 shares of the energy company’s stock worth $126,929,000 after buying an additional 807,362 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in SM Energy Company by 23.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,026,112 shares of the energy company’s stock worth $116,747,000 after buying an additional 578,998 shares during the last quarter. 87.83% of the stock is currently owned by institutional investors.

About SM Energy Company

SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas and natural gas liquids (NGLs) in onshore North America. The Company operates in the exploration and production segment of the oil and gas industry within the United States.

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