SM Energy Co. (NYSE:SM) saw strong trading volume on Tuesday . 11,962,575 shares changed hands during mid-day trading, an increase of 233% from the previous session’s volume of 3,595,388 shares.The stock last traded at $30.45 and had previously closed at $31.06.

Several research analysts have recently weighed in on the stock. KLR Group raised shares of SM Energy from an “accumulate” rating to a “buy” rating in a research report on Tuesday. Barclays PLC lifted their target price on shares of SM Energy from $32.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, August 4th. Cantor Fitzgerald reissued a “hold” rating and issued a $24.00 target price on shares of SM Energy in a research report on Wednesday, August 3rd. Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, July 12th. Finally, Deutsche Bank AG lifted their target price on shares of SM Energy from $31.00 to $35.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $25.44.

The firm’s market capitalization is $2.08 billion. The stock’s 50-day moving average price is $27.05 and its 200 day moving average price is $22.89.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.71) by $0.27. The business had revenue of $341.80 million for the quarter, compared to the consensus estimate of $328.18 million. During the same period in the prior year, the business earned $0.49 earnings per share. SM Energy’s revenue was down 33.8% compared to the same quarter last year. On average, equities analysts forecast that SM Energy Co. will post ($2.86) earnings per share for the current year.

Several institutional investors have modified their holdings of SM. Swiss National Bank boosted its position 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 valued at $1,750,000 after buying an additional 700 shares in the last quarter. California Public Employees Retirement System boosted its position 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 valued at $5,945,000 after buying an additional 6,000 shares in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 in 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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