SM Energy Co (SM) concluded trading on Thursady at a closing price of $41.34, with 4.11 million shares of worth about $169.7 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.63% during that period and on Thursady the price saw a gain of about 4.66%. Currently the company’s common shares owned by public are about 115.75M shares, out of which, 113.98M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 252,146 shares in 35 of the transactions. In 27 selling transactions, insiders dumped 193,280 shares.
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Stock saw a price change of 10.12% in past 5 days and over the past one month there was a price change of 14.90%. Year-to-date (YTD), SM shares are showing a performance of 6.77% which increased to 39.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.66 but also hit the highest price of $43.73 during that period. The average intraday trading volume for SM Energy Co shares is 1.25 million. The stock is currently trading 10.42% above its 20-day simple moving average (SMA20), while that difference is up 10.40% for SMA50 and it goes to 14.55% higher than SMA200.
SM Energy Co (NYSE: SM) currently have 115.75M outstanding shares and institutions hold larger chunk of about 94.35% of that.
The stock has a current market capitalization of $4.81B and its 3Y-monthly beta is at 4.21. PE ratio of stock for trailing 12 months is 6.02, while it has posted earnings per share of $6.87 in the same period. Its PEG reads 0.75 and has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SM, volatility over the week remained 3.48% while standing at 3.07% over the month.
Analysts are in expectations that SM Energy Co (SM) stock would likely to be making an EPS of $1.38 in the current quarter, while forecast for next quarter EPS is $1.25 and it is $5.39 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.22 which is $1.46 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.29 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -7.61% while it is estimated to increase by 18.67% in next year. EPS is likely to shrink at an annualized rate of 8.00% for next 5-years, compared to annual growth of 8.90% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Seaport Research Partners on January 31, 2024 offering a Buy rating for the stock and assigned a target price of $50 to it. Coverage by Wells Fargo stated SM Energy Co (SM) stock as an Equal weight in their note to investors on November 15, 2023, suggesting a price target of $40 for the stock. On August 16, 2023, JP Morgan Upgrade their recommendations, while on March 01, 2023, TD Cowen Downgrade their ratings for the stock with a price target of $35. Stock get a Market perform rating from Cowen on March 01, 2023.
