SM Energy Co. (NYSE:SM) shares saw strong trading volume on Tuesday . 11,962,575 shares traded hands during 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 equities analysts have issued reports on the company. Deutsche Bank AG boosted their target price on SM Energy from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday. KeyCorp raised SM Energy from a “sector weight” rating to an “overweight” rating and set a $40.00 price target on the stock in a research note on Wednesday. KLR Group raised SM Energy from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $43.00 in a research note on Tuesday. Barclays PLC boosted their price target on SM Energy from $32.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $24.00 price target on shares of SM Energy in a research note on Wednesday, August 3rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.07.

The company has a 50 day moving average price of $27.09 and a 200-day moving average price of $22.94. The stock’s market capitalization is $2.21 billion.

SM Energy (NYSE:SM) last posted its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.71) by $0.27. During the same quarter last year, the firm posted $0.49 EPS. The business earned $341.80 million during the quarter, compared to analyst estimates of $328.18 million. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. Analysts predict that SM Energy Co. will post ($2.63) earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised 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 worth $1,539,000 after buying an additional 20,392 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in 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 position in 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 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 worth $3,441,000 after buying an additional 25,000 shares in the last quarter. Finally, California Public Employees Retirement System raised 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 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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