Shares of SM Energy Co. (NYSE:SM) rose 6.3% during mid-day trading on Monday . The stock traded as high as $35.01 and last traded at $34.68, with a volume of 1,979,226 shares. The stock had previously closed at $32.63.

A number of brokerages have recently weighed in on SM. Cantor Fitzgerald reiterated a “hold” rating and issued a $24.00 target price on shares of SM Energy in a report on Wednesday, August 3rd. Barclays PLC upped their target price on SM Energy from $23.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, May 6th. Zacks Investment Research upgraded SM Energy from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, July 12th. Mitsubishi UFJ Financial Group downgraded SM Energy from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Thursday, May 5th. Finally, Topeka Capital Markets upped their target price on SM Energy from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, May 4th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.87.

The stock’s market capitalization is $2.38 billion. The company’s 50-day moving average price is $27.26 and its 200 day moving average price is $23.17.

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 Zacks’ consensus estimate of ($0.71) by $0.27. During the same period in the prior year, the business posted $0.49 EPS. The firm earned $341.80 million during the quarter, compared to analyst estimates of $328.18 million. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. Equities research analysts predict that SM Energy Co. will post ($2.57) EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in SM. BlackRock Advisors LLC raised its stake in shares of SM Energy by 6.0% in the fourth quarter. BlackRock Advisors LLC now owns 982,591 shares of the energy company’s stock worth $19,318,000 after buying an additional 55,203 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 valued at $1,604,000 after buying an additional 45,599 shares during the period. 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 valued at $3,441,000 after buying an additional 25,000 shares during the period. 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 valued at $1,539,000 after buying an additional 20,392 shares during the period. Finally, 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 valued at $1,750,000 after buying an additional 700 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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