SM Energy Co. (NYSE:SM) traded down 4.4% during trading on Monday . The stock traded as low as $24.78 and last traded at $25.24, with a volume of 1,277,741 shares traded. The stock had previously closed at $26.39.

A number of brokerages have recently issued reports on SM. Barclays PLC reissued a “buy” rating on shares of SM Energy in a research note on Sunday, May 8th. Topeka Capital Markets raised their target price on SM Energy from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, May 4th. Mitsubishi UFJ Financial Group downgraded SM Energy from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $16.00 to $15.00 in a research note on Thursday, May 5th. Robert W. Baird reaffirmed a “buy” rating on shares of SM Energy in a research note on Sunday, May 8th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating on shares of SM Energy in a research note on Wednesday, May 4th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. SM Energy currently has a consensus rating of “Hold” and an average price target of $25.02.

The firm’s market cap is $1.71 billion. The firm’s 50 day moving average price is $27.98 and its 200-day moving average price is $21.77.

SM Energy (NYSE:SM) last released its quarterly earnings data on Tuesday, May 3rd. The energy company reported ($5.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.76) by $4.34. The business earned $143.08 million during the quarter, compared to the consensus estimate of $344.49 million. The company’s quarterly revenue was down 60.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. Analysts anticipate that SM Energy Co. will post ($3.05) EPS for the current year.

Several hedge funds and institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in 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 during the period. I.G. Investment Management LTD. boosted its position in SM Energy by 16.7% in the fourth quarter. I.G. Investment Management LTD. now owns 175,000 shares of the energy company’s stock valued at $3,441,000 after buying an additional 25,000 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in 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 during the period. South Dakota Investment Council boosted its position in SM Energy by 49.3% in the fourth quarter. South Dakota Investment Council now owns 125,000 shares of the energy company’s stock valued at $2,458,000 after buying an additional 41,300 shares during the period. Finally, New York State Common Retirement Fund boosted its position 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 valued at $12,230,000 after buying an additional 208,054 shares during the period.

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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