Traders purchased shares of SM Energy Co. (NYSE:SM) on weakness during trading on Tuesday. $103.18 million flowed into the stock on the tick-up and $72.21 million flowed out of the stock on the tick-down, for a money net flow of $30.97 million into the stock. Of all stocks tracked, SM Energy had the 9th highest net in-flow for the day. SM Energy traded down ($0.71) for the day and closed at $30.35

Several equities research analysts have recently weighed in on SM shares. Vetr downgraded shares of SM Energy from a “strong-buy” rating to a “hold” rating and set a $27.66 target price for the company. in a research note on Thursday, April 21st. Topeka Capital Markets increased their target price on shares of SM Energy from $15.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. KLR Group downgraded shares of SM Energy from a “buy” rating to an “accumulate” rating in a research note on Monday, April 18th. Nomura started coverage on shares of SM Energy in a research note on Wednesday, April 13th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $25.44.

The stock has a 50 day moving average price of $27.05 and a 200 day moving average price of $22.89. The stock’s market cap is $2.08 billion.

SM Energy (NYSE:SM) last posted its earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.27. During the same period in the previous year, the firm earned $0.49 earnings per share. The firm had revenue of $341.80 million for the quarter, compared to analyst estimates of $328.18 million. The company’s revenue for the quarter was down 33.8% on a year-over-year basis. Equities research analysts forecast that SM Energy Co. will post ($2.86) EPS for the current year.

Other hedge funds recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. raised 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 in the last quarter. BNP Paribas Arbitrage SA raised 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 worth $1,604,000 after buying an additional 45,599 shares in the last quarter. Swiss National Bank raised 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 in the last quarter. I.G. Investment Management LTD. raised 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 in the last quarter. Finally, California Public Employees Retirement System raised 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 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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