SM Energy Co. (NYSE:SM) shares gapped up prior to trading on Monday . The stock had previously closed at $37.31, but opened at $37.56. SM Energy shares last traded at $38.85, with a volume of 2,301,600 shares trading hands.

A number of research analysts recently weighed in on the stock. Seaport Global Securities raised shares of SM Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $53.00 in a research report on Tuesday, August 30th. Williams Capital assumed coverage on shares of SM Energy in a research report on Monday, August 29th. They issued a “buy” rating and a $57.00 target price for the company. Mitsubishi UFJ Financial Group raised shares of SM Energy from an “underweight” rating to a “neutral” rating and set a $36.00 target price for the company in a research report on Tuesday, August 23rd. Citigroup Inc. raised shares of SM Energy to a “neutral” rating and raised their target price for the company from $16.00 to $36.00 in a research report on Monday, August 22nd. Finally, Zacks Investment Research raised shares of SM Energy from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Friday, August 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.07.

The company’s market cap is $2.66 billion. The stock’s 50 day moving average is $31.69 and its 200 day moving average is $25.68.

SM Energy (NYSE:SM) last issued its quarterly earnings results on Tuesday, August 2nd. The energy company reported ($0.44) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.71) by $0.27. During the same period last year, the firm posted $0.49 earnings per share. The company earned $341.80 million during the quarter, compared to analysts’ expectations of $328.18 million. SM Energy’s quarterly revenue was down 33.8% compared to the same quarter last year. On average, equities research analysts anticipate that SM Energy Co. will post ($2.40) earnings per share for the current fiscal year.

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.