RTTNews | May 18, 2021 09:53AM EDT

09:53 Tuesday, May 18, 2021 (RTTNews.com) - Shares of SM Energy Co. (SM) reached a 52-week high of $20.35 Tuesday morning, and are currently trading at $20.03, up $1.73 or 9.39%, with trading volume of over 2.79 million versus an average volume of 4.20 million shares.

The company, on April 29, reported a Q1 net loss of $251.3 million or $2.19 per share, compared to a loss of $411.9 million or $3.64 per share last year.

First-quarter adjusted net loss was $5.7 million or $0.05 per share, compared to adjusted net loss of $5.6 million or $0.05 per share last year.

Operating revenues and other income rose to $443.8 million from $355.7 million last year.

Analysts polled by Thomson Reuters expected a loss of $0.23 per share and revenues of $348.88 million. Analysts' estimates typically exclude special items.

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