SM Energy Co. (NYSE:SM) shares traded up 5.1% during trading 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 have commented on the stock. Mitsubishi UFJ Financial Group upgraded shares of SM Energy from an “underweight” rating to a “neutral” rating and set a $36.00 price objective on the stock in a research note on Tuesday. Citigroup Inc. upgraded shares of SM Energy to a “neutral” rating and increased their price objective for the company from $16.00 to $36.00 in a research note on Monday. Zacks Investment Research upgraded shares of SM Energy from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Friday, August 19th. Simmons upgraded shares of SM Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $38.00 to $50.00 in a research note on Monday, August 15th. 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 given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $29.16.

The stock has a 50-day moving average of $29.28 and a 200 day moving average of $24.54. The firm’s market cap is $2.54 billion.

SM Energy (NYSE:SM) last announced its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.71) by $0.27. The business earned $341.80 million during the quarter, compared to the consensus estimate of $328.18 million. The company’s quarterly revenue was down 33.8% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. Equities analysts expect that SM Energy Co. will post ($2.43) earnings per share for the current fiscal year.

An institutional investor recently raised its position in SM Energy stock. BlackRock Advisors LLC boosted its stake in shares of SM Energy Co. (NYSE:SM) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 982,591 shares of the energy company’s stock after buying an additional 55,203 shares during the period. BlackRock Advisors LLC owned about 1.45% of SM Energy worth $19,318,000 as of its most recent filing with the SEC.

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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