SM Energy Co. (NYSE:SM) shares shot up 15% during trading on Tuesday . The company traded as high as $27.85 and last traded at $27.59, with a volume of 2,497,626 shares trading hands. The stock had previously closed at $23.99.

A number of brokerages have commented on SM. Vetr upgraded SM Energy from a “strong sell” rating to a “sell” rating and set a $27.66 price objective on the stock in a research report on Tuesday, May 3rd. Barclays PLC raised 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 restated a “hold” rating and issued a $24.00 price target on shares of SM Energy in a research report on Sunday, May 22nd. Deutsche Bank AG raised 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 raised 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 research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. SM Energy currently has an average rating of “Hold” and an average target price of $25.02.

The stock’s 50 day moving average price is $29.22 and its 200-day moving average price is $21.22. The company’s market cap is $1.84 billion.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Tuesday, May 3rd. The energy company reported ($5.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.76) by $4.34. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm earned $143.08 million during the quarter, compared to analyst estimates of $344.49 million. The company’s revenue for the quarter was down 60.9% on a year-over-year basis. On average, analysts expect that SM Energy Co. will post ($3.16) EPS for the current year.

Other large investors recently modified their holdings of the company. Numeric Investors LLC bought a new stake in shares of SM Energy during the fourth quarter valued at $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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