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SM Energy (NYSE:SM) announced its earnings results on Tuesday. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by $0.72, Analyst RN reports. The company had revenue of $674.98 million for the quarter, compared to the consensus estimate of $621.71 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis.

In other SM Energy news, VP Gregory T. Leyendecker sold 1,933 shares of SM Energy stock on the open market in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $78.13, for a total value of $151,025.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

SM has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of SM Energy in a research note on Friday, July 18th. They now have a $86.00 price target on the stock, up previously from $77.00. On the ratings front, analysts at Guggenheim upgraded shares of SM Energy from a “neutral” rating to a “buy” rating in a research note on Thursday, July 17th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of SM Energy in a research note on Wednesday, July 9th. They now have a $87.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $93.59.

Shares of SM Energy (NYSE:SM) traded up 0.09% during mid-day trading on Tuesday, hitting $77.05. 1,031,708 shares of the company’s stock traded hands. SM Energy has a 52 week low of $64.38 and a 52 week high of $94.00. The stock’s 50-day moving average is $79.95 and its 200-day moving average is $77.54. The company has a market cap of $5.167 billion and a P/E ratio of 23.94.

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

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