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Equities researchers at Robert W. Baird cut their price objective on shares of SM Energy (NYSE:SM) from $110.00 to $104.00 in a research report issued on Tuesday. Robert W. Baird’s price target indicates a potential upside of 37.35% from the company’s current price.

SM Energy (NYSE:SM) traded up 2.47% on Tuesday, hitting $78.07. 336,542 shares of the company’s stock traded hands. SM Energy has a 1-year low of $66.41 and a 1-year high of $94.00. The stock has a 50-day moving average of $79.1 and a 200-day moving average of $77.01. The company has a market cap of $5.260 billion and a price-to-earnings ratio of 25.64.

SM Energy (NYSE:SM) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by $0.72. 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. Analysts expect that SM Energy will post $6.85 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on SM. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of SM Energy in a research note on Monday, August 4th. They now have a $89.00 price target on the stock, up previously from $86.00. Separately, analysts at TheStreet downgraded shares of SM Energy to a “hold” rating in a research note on Friday, August 1st. Finally, analysts at KLR Group raised their price target on shares of SM Energy from $6.00 to $100.00 in a research note on Thursday, July 31st. They now have an “accumulate” rating on the stock. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $96.13.

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

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