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SM Energy (NYSE:SM) was downgraded by investment analysts at Johnson Rice from a “focus list” rating to an “overweight” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.

SM Energy (NYSE:SM) traded up 0.77% on Friday, hitting $82.16. The stock had a trading volume of 449,158 shares. SM Energy has a 1-year low of $58.89 and a 1-year high of $94.00. The stock has a 50-day moving average of $76.68 and a 200-day moving average of $77.92. The company has a market cap of $5.509 billion and a P/E ratio of 25.35.

SM Energy (NYSE:SM) last released its earnings data on Tuesday, April 29th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.48 by $0.10. The company had revenue of $632.70 million for the quarter, compared to the consensus estimate of $599.71 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Analysts expect that SM Energy will post $6.50 EPS for the current fiscal year.

SM has been the subject of a number of other recent research reports. Analysts at Tudor Pickering upgraded shares of SM Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, June 18th. Separately, analysts at Wells Fargo & Co. downgraded shares of SM Energy from an “outperform” rating to a “market perform” rating in a research note on Friday, June 6th. Finally, analysts at Global Hunter Securities raised their price target on shares of SM Energy from $90.00 to $95.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Twelve investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. SM Energy presently has an average rating of “Hold” and an average price target of $93.82.

SM Energy Company (NYSE:SM) is an independent energy company.

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