SM Energy Co. (NYSE:SM) shares were up 4.4% on Monday . The stock traded as high as $32.43 and last traded at $30.60, with a volume of 5,214,029 shares. The stock had previously closed at $29.30.

Several research firms have recently commented on SM. Vetr lowered shares of SM Energy from a “strong-buy” rating to a “hold” rating and set a $27.66 price target for the company. in a report on Thursday, April 21st. Topeka Capital Markets lifted their price target on shares of SM Energy from $15.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, April 14th. KLR Group lowered shares of SM Energy from a “buy” rating to an “accumulate” rating in a report on Monday, April 18th. Nomura began coverage on shares of SM Energy in a report on Wednesday, April 13th. They issued a “neutral” rating and a $22.00 price target for the company. Finally, Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.60.

The stock’s market cap is $2.11 billion. The firm has a 50-day moving average of $27.05 and a 200-day moving average of $22.89.

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

A number of hedge funds recently made changes to their positions in SM. 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 valued at $1,539,000 after buying an additional 20,392 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of 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. 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 valued at $1,750,000 after buying an additional 700 shares during the period. 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 valued at $3,441,000 after buying an additional 25,000 shares during the period. Finally, 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 valued at $5,945,000 after buying an additional 6,000 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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