SM Energy Co. (NYSE:SM) shares gapped up before the market opened on Thursday . The stock had previously closed at $34.54, but opened at $34.88. SM Energy shares last traded at $35.90, with a volume of 1,904,899 shares changing hands.

A number of research analysts have weighed in on the company. Robert W. Baird reaffirmed a “buy” rating on shares of SM Energy in a report on Sunday, May 8th. Barclays PLC reaffirmed a “buy” rating on shares of SM Energy in a report on Sunday, May 8th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of SM Energy in a report on Wednesday, May 4th. Topeka Capital Markets lifted 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. Finally, Deutsche Bank AG lifted their target price on SM Energy from $31.00 to $35.00 and gave the company a “hold” rating in a report on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nine have given a buy rating to the company’s stock. SM Energy currently has an average rating of “Hold” and an average target price of $27.07.

The firm’s market capitalization is $2.51 billion. The company’s 50-day moving average price is $28.20 and its 200 day moving average price is $23.80.

SM Energy (NYSE:SM) last released its earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.71) by $0.27. During the same quarter in the prior year, the business posted $0.49 EPS. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $328.18 million. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. Analysts expect that SM Energy Co. will post ($2.52) EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in SM. Swiss National Bank boosted 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 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. 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. Finally, BlackRock Advisors LLC boosted its position in SM Energy by 6.0% in the fourth quarter. BlackRock Advisors LLC now owns 982,591 shares of the energy company’s stock valued at $19,318,000 after buying an additional 55,203 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.