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

Several equities analysts recently issued reports on SM shares. Vetr upgraded SM Energy from a “strong sell” rating to a “sell” rating and set a $27.66 price target on the stock in a research report on Tuesday, May 3rd. Barclays PLC boosted their price target on SM Energy from $23.00 to $32.00 and gave the company 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 boosted their price target on SM Energy from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Tuesday, June 14th. Finally, Topeka Capital Markets boosted their price target on SM Energy from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, May 4th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.02.

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

Other large investors have added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in SM Energy by 0.5% in the fourth quarter. Rhumbline Advisers now owns 100,589 shares of the energy company’s stock valued at $1,978,000 after buying an additional 498 shares during the last quarter. Swiss National Bank raised its stake in 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 during the last quarter. Retirement Systems of Alabama raised its stake in 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 during the last quarter. California State Teachers Retirement System raised its stake in 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 valued at $2,537,000 after buying an additional 2,089 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in SM Energy by 4.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 105,900 shares of the energy company’s stock valued at $2,082,000 after buying an additional 4,489 shares during 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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