SM Energy Co. (NYSE:SM) was up 4.6% on Friday . The company traded as high as $39.70 and last traded at $39.29, with a volume of 1,462,094 shares trading hands. The stock had previously closed at $37.56.

A number of equities research analysts recently weighed in on SM shares. Mitsubishi UFJ Financial Group downgraded SM Energy from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research report on Thursday, May 5th. Vetr downgraded SM Energy from a “hold” rating to a “strong sell” rating and set a $23.44 price objective on the stock. in a research report on Thursday, May 5th. Barclays PLC raised their price objective on SM Energy from $23.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, May 6th. Robert W. Baird reissued a “buy” rating on shares of SM Energy in a report on Sunday, May 8th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $24.00 price target on shares of SM Energy in a report on Sunday, May 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.07.

The stock has a 50 day moving average price of $31.34 and a 200 day moving average price of $25.59. The stock’s market cap is $2.66 billion.

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 analysts’ consensus estimates of ($0.71) by $0.27. The firm earned $341.80 million during the quarter, compared to analyst estimates of $328.18 million. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was down 33.8% compared to the same quarter last year. On average, equities research analysts predict that SM Energy Co. will post ($2.40) EPS for the current fiscal year.

An institutional investor recently raised its position in SM Energy stock. BlackRock Advisors LLC increased its stake in shares of SM Energy Co. (NYSE:SM) by 6.0% during the fourth quarter, according to its most recent disclosure 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 approximately 1.45% of SM Energy worth $19,318,000 at the end of the most recent 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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