SM Energy Co. (NYSE:SM) traded down 4.1% on Thursday . The stock traded as low as $25.20 and last traded at $25.31, with a volume of 1,345,112 shares traded. The stock had previously closed at $26.38.

Several equities research analysts have weighed in on the stock. Vetr upgraded shares of SM Energy from a “strong sell” rating to a “sell” rating and set a $27.66 target price on the stock in a report on Tuesday, May 3rd. Barclays PLC increased their target price on shares of SM Energy from $23.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, May 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 target price on shares of SM Energy in a report on Sunday, May 22nd. Deutsche Bank AG increased their target price on shares of SM Energy from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Tuesday, June 14th. Finally, Topeka Capital Markets increased their target price on shares of SM Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, May 4th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.71.

The firm’s market capitalization is $1.66 billion. The stock’s 50 day moving average price is $29.60 and its 200-day moving average price is $21.12.

SM Energy (NYSE:SM) last announced its earnings results on Tuesday, May 3rd. The energy company reported ($5.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by $4.34. The firm had revenue of $143.08 million for the quarter, compared to the consensus estimate of $344.49 million. During the same period in the prior year, the company posted $0.21 EPS. SM Energy’s revenue was down 60.9% compared to the same quarter last year. On average, analysts expect that SM Energy Co. will post ($3.23) earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in SM. Numeric Investors LLC purchased a new stake in shares of SM Energy during the fourth quarter valued at approximately $1,156,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of SM Energy by 35.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 78,300 shares of the energy company’s stock valued at $1,539,000 after buying an additional 20,392 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of SM Energy by 126.7% in the fourth quarter. BNP Paribas Arbitrage SA now owns 81,579 shares of the energy company’s stock valued at $1,604,000 after buying an additional 45,599 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of SM Energy by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 87,345 shares of the energy company’s stock valued at $1,717,000 after buying an additional 1,172 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of SM Energy by 0.8% in the fourth quarter. Swiss National Bank now owns 89,000 shares of the energy company’s stock valued at $1,750,000 after buying an additional 700 shares in the last quarter.

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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