SM Energy Co. (NYSE:SM) traded down 3% during trading on Wednesday . The stock traded as low as $25.37 and last traded at $26.23, with a volume of 1,869,926 shares. The stock had previously closed at $27.04.

Several equities research analysts recently commented on the stock. Vetr raised shares of SM Energy from a “strong sell” rating to a “sell” rating and set a $27.66 price target for the company in a report on Tuesday, May 3rd. Barclays PLC boosted their price target 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 reissued a “hold” rating and issued a $24.00 price target on shares of SM Energy in a report on Sunday, May 22nd. Deutsche Bank AG boosted their price target 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 upped 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 investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $25.02.

The stock has a 50 day moving average price of $29.07 and a 200 day moving average price of $21.30. The firm’s market cap is $1.78 billion.

SM Energy (NYSE:SM) last posted its quarterly earnings data on Tuesday, May 3rd. The energy company reported ($5.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.76) by $4.34. The company earned $143.08 million during the quarter, compared to analysts’ expectations of $344.49 million. The company’s quarterly revenue was down 60.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Equities research analysts anticipate that SM Energy Co. will post ($3.16) EPS for the current fiscal year.

A number of hedge funds recently bought and sold shares of the company. First Trust Advisors LP boosted its stake in SM Energy by 80.3% in the fourth quarter. First Trust Advisors LP now owns 587,309 shares of the energy company’s stock worth $11,546,000 after buying an additional 261,562 shares in the last quarter. New York State Common Retirement Fund boosted its stake in SM Energy by 50.3% in the fourth quarter. New York State Common Retirement Fund now owns 622,078 shares of the energy company’s stock worth $12,230,000 after buying an additional 208,054 shares in the last quarter. Caymus Capital Partners L.P. boosted its stake in SM Energy by 13.1% in the fourth quarter. Caymus Capital Partners L.P. now owns 1,347,989 shares of the energy company’s stock worth $26,501,000 after buying an additional 156,100 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in SM Energy during the fourth quarter worth approximately $2,976,000. Finally, Numeric Investors LLC bought a new stake in SM Energy during the fourth quarter worth approximately $1,156,000.

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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