Shares of SM Energy Co. (NYSE:SM) fell 4.1% during mid-day trading on Thursday . The company traded as low as $25.20 and last traded at $25.31, with a volume of 1,345,112 shares trading hands. The stock had previously closed at $26.38.

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

The stock has a 50 day moving average of $29.38 and a 200-day moving average of $21.19. The stock’s market cap is $1.70 billion.

SM Energy (NYSE:SM) last released its quarterly earnings data on Tuesday, May 3rd. The energy company reported ($5.10) earnings per share (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 analyst estimates of $344.49 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was down 60.9% on a year-over-year basis. On average, equities research analysts predict that SM Energy Co. will post ($3.15) earnings per share for the current year.

Other large investors recently made changes to their positions in the company. South Dakota Investment Council boosted its stake in shares of SM Energy by 49.3% in the fourth quarter. South Dakota Investment Council now owns 125,000 shares of the energy company’s stock worth $2,458,000 after buying an additional 41,300 shares during the period. Numeric Investors LLC bought a new stake in shares of SM Energy during the fourth quarter worth $1,156,000. California State Teachers Retirement System boosted its stake in shares of SM Energy by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 129,035 shares of the energy company’s stock worth $2,537,000 after buying an additional 2,089 shares during the period. Retirement Systems of Alabama boosted 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 worth $1,717,000 after buying an additional 1,172 shares during the period. Finally, Quantitative Investment Management LLC bought a new stake in shares of SM Energy during the fourth quarter worth $2,976,000.

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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