SM Energy Co. (NYSE:SM) shares were up 5.1% on Tuesday . The company traded as high as $38.36 and last traded at $38.22, with a volume of 2,268,801 shares trading hands. The stock had previously closed at $36.37.

A number of research analysts recently weighed in on SM shares. Vetr cut shares of SM Energy from a “hold” rating to a “sell” rating and set a $27.66 price objective for the company. in a report on Wednesday, April 27th. Cantor Fitzgerald reiterated a “hold” rating on shares of SM Energy in a report on Sunday, August 14th. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday. Deutsche Bank AG boosted their price objective on shares of SM Energy from $35.00 to $38.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Finally, Piper Jaffray Cos. upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating in a research report on Monday, August 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the stock. SM Energy has a consensus rating of “Hold” and a consensus price target of $29.16.

The firm has a 50-day moving average price of $28.72 and a 200-day moving average price of $24.28. The company’s market cap is $2.59 billion.

SM Energy (NYSE:SM) last released its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.71) by $0.27. During the same period in the previous year, the business posted $0.49 EPS. The company had revenue of $341.80 million for 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 analysts predict that SM Energy Co. will post ($2.45) earnings per share for the current year.

Other institutional investors have added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased 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. I.G. Investment Management LTD. increased 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, BlackRock Advisors LLC increased 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 worth $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.

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