SM Energy Co. (NYSE:SM) dropped 7% on Monday . The stock traded as low as $25.20 and last traded at $25.22, with a volume of 2,105,607 shares. The stock had previously closed at $27.13.

SM has been the subject of several recent analyst reports. Stifel Nicolaus cut shares of SM Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Barclays PLC increased their target price 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. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, July 12th. Mitsubishi UFJ Financial Group cut shares of SM Energy from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Thursday, May 5th. Finally, Topeka Capital Markets increased 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 five have assigned a buy rating to the company’s stock. SM Energy has an average rating of “Hold” and an average price target of $25.02.

The firm’s market cap is $1.71 billion. The stock has a 50-day moving average price of $26.97 and a 200-day moving average price of $22.18.

SM Energy (NYSE:SM) last released its earnings results on Tuesday, May 3rd. The energy company reported ($5.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.76) by $4.34. The company earned $143.08 million during the quarter, compared to the consensus estimate of $344.49 million. SM Energy’s revenue was down 60.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, equities analysts anticipate that SM Energy Co. will post ($3.00) earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased 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 worth $2,537,000 after buying an additional 2,089 shares during the last quarter. New York State Common Retirement Fund increased 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 during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake 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 worth $1,539,000 after buying an additional 20,392 shares during the last quarter. California Public Employees Retirement System increased its stake in SM Energy by 2.0% in the fourth quarter. California Public Employees Retirement System now owns 302,400 shares of the energy company’s stock worth $5,945,000 after buying an additional 6,000 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in SM Energy by 6.0% in the fourth quarter. BlackRock Advisors LLC now owns 982,591 shares of the energy company’s stock worth $19,318,000 after buying an additional 55,203 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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