Press coverage about SM Energy (NYSE:SM) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SM Energy earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 47.6805973867839 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- SM Energy To Redeem Senior Notes Due 2021 (finance.yahoo.com)
- SM Energy Co (SM) to Post Q2 2018 Earnings of ($0.20) Per Share, B. Riley Forecasts (americanbankingnews.com)
- Agriculture Energy Coalition Thanks Senate Agriculture Committee for Funding Farm Bill Energy Programs (smdailyjournal.com)
- -$0.10 EPS Expected for SM Energy Co (SM) This Quarter (americanbankingnews.com)
- Tortoise Water Fund (TBLU) to Expand Focus and Be Renamed Tortoise Global Water ESG Fund (businesswire.com)
A number of brokerages have issued reports on SM. Tudor Pickering upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 10th. Williams Capital set a $40.00 price target on shares of SM Energy and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Stifel Nicolaus cut their price target on shares of SM Energy from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, April 23rd. ValuEngine upgraded shares of SM Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 18th. Finally, Credit Suisse Group downgraded SM Energy from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $26.00 to $25.00 in a research report on Monday, June 4th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $28.00.
SM Energy traded down $0.40, reaching $24.43, on Thursday, according to MarketBeat Ratings. The company’s stock had a trading volume of 1,804,300 shares, compared to its average volume of 3,573,375. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -29.79, a price-to-earnings-growth ratio of 20.25 and a beta of 2.96. SM Energy has a fifty-two week low of $12.29 and a fifty-two week high of $28.20.
SM Energy (NYSE:SM) last announced its quarterly earnings results on Friday, May 4th. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. SM Energy had a negative return on equity of 2.53% and a net margin of 4.86%. The firm had revenue of $769.60 million during the quarter, compared to the consensus estimate of $361.40 million. During the same period in the prior year, the company posted ($0.18) earnings per share. The firm’s quarterly revenue was up 106.5% compared to the same quarter last year. equities analysts anticipate that SM Energy will post 0.12 EPS for the current fiscal year.
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 South Texas and Gulf Coast, Rocky Mountain, and Permian regions.
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