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

Several brokerages recently issued reports on SM. Guggenheim downgraded shares of SM Energy from a “buy” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Thursday, April 21st. Robert W. Baird reiterated a “buy” rating on shares of SM Energy in a research note on Sunday, May 8th. Vetr downgraded shares of SM Energy from a “hold” rating to a “sell” rating and set a $27.66 target price for the company. in a research note on Wednesday, April 27th. Deutsche Bank AG raised their target price on shares of SM Energy from $31.00 to $35.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. Finally, Topeka Capital Markets raised their target price on shares of SM Energy from $15.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, April 14th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.02.

The company’s market cap is $1.89 billion. The firm’s 50 day moving average price is $26.89 and its 200 day moving average price is $22.29.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.71) by $0.27. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $328.18 million. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. Equities research analysts expect that SM Energy Co. will post ($3.01) EPS for the current fiscal year.

Several hedge funds have made changes to their positions in the stock. Rhumbline Advisers boosted its stake in shares of SM Energy by 0.5% in the fourth quarter. Rhumbline Advisers now owns 100,589 shares of the energy company’s stock worth $1,978,000 after buying an additional 498 shares during the last quarter. Swiss National Bank boosted 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 worth $1,750,000 after buying an additional 700 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of 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. Cornerstone Capital Management Holdings LLC. boosted 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 worth $1,539,000 after buying an additional 20,392 shares during the last quarter. Finally, I.G. Investment Management LTD. boosted its stake in shares of 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 worth $3,441,000 after buying an additional 25,000 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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