SM Energy Co(NYSE:SM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $379.900M. Analysts estimated a revenue of $375.580M. The revenues were 1.15% above the estimates. Earnings per share were $-0.31. The reported EPS was above estimates by 26.19%. Analysts had estimated an EPS of $-0.42.
SM Energy Co (SM) shares turned negative on Wednesdays trading session with the shares closing down -0.76 points or -2.68% at a volume of 49,40,524. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.55. The peak price level was also seen at $28.55 while the days lowest was $27.34. Finally the shares closed at $27.6. The 52-week high of the shares is $43.09 while the 52-week low is $6.99. According to the latest information available, the market cap of the company is $3,069 M.
Several Insider Transactions has been reported to the SEC. On Oct 3, 2016, Kenneth J. Knott (SVP-Bus Dv & Land & Asst Sec) sold 661 shares at $40.00 per share price.Also, On Mar 1, 2016, Herbert S Vogel (EVP – Operations) purchased 6,000 shares at $8.64 per share price.On Mar 1, 2016, Javan D Ottoson (CEO) purchased 2,500 shares at $9.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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 in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region which is managed from its office in Houston Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region which the Company operates from its office in Billings Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region which is managed from the Companys office in Midland Texas and covers western Texas and southeastern New Mexico and Mid-Continent Region which is managed from the Companys office in Tulsa Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.