SM Energy Co (SM) Stock Could Soon Reward Patient Investors

SM Energy Co (NYSE: SM) is -1.73% lower on its value in year-to-date trading and has touched a low of $24.66 and a high of $43.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SM stock was last observed hovering at around $36.90 in the last trading session, with the day’s gains setting it 1.15%.

Currently trading at $38.05, the stock is 4.15% and 2.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing 3.12% at the moment leaves the stock 6.67% off its SMA200. SM registered 20.34% gain for a year compared to 6-month loss of -4.28%. The firm has a 50-day simple moving average (SMA 50) of $2.31 and a 200-day simple moving average (SMA200) of $3.33.

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The stock witnessed a 3.00% gain in the last 1 month and extending the period to 3 months gives it a 4.88%, and is 6.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.34% over the week and 2.90% over the month.

SM Energy Co (SM) has around Jan 18 2024 employees, a market worth around $4.43B and $2.44B in sales. Current P/E ratio is 5.56 and Fwd P/E is 7.01. Profit margin for the company is 34.03%. Distance from 52-week low is 54.30% and -12.99% from its 52-week high. The company has generated returns on investments over the last 12 months (16.66%).

SM Energy Co quarterly earnings per share for the current quarter are estimated at $1.38 with sales reaching $608.66M over the same period.The EPS is expected to shrink by -20.42% this year, but quarterly earnings will post -29.10% year-over-year. Quarterly sales are estimated to shrink -9.30% in year-over-year returns.

SM Energy Co (SM) Top Institutional Holders

483 institutions hold shares in SM Energy Co (SM), with institutional investors hold 99.06% of the company’s shares. The shares outstanding are 121.93M, and float is at 114.11M with Short Float at 6.92%. Institutions hold 97.32% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 21.43 million shares valued at $677.69 million. The investor’s holdings represent 18.05% of the SM Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.92 million shares valued at $471.95 million to account for 12.57% of the shares outstanding. The other top investors are State Street Corporation which holds 6.64 million shares representing 5.60% and valued at over $210.08 million, while Dimensional Fund Advisors LP holds 3.61% of the shares totaling 4.28 million with a market value of $135.36 million.

SM Energy Co (SM) Insider Activity

A total of 7 insider transactions have happened at SM Energy Co (SM) in the last six months, with sales accounting for 7 and purchases happening 0 times. The most recent transaction is an insider sale by Quintana Julio M,the company’sDirector. SEC filings show that Quintana Julio M sold 44,000 shares of the company’s common stock on Aug 30 at a price of $42.06 per share for a total of $1.85 million. Following the sale, the insider now owns 89028.0 shares.

SM Energy Co disclosed in a document filed with the SEC on Aug 29 that PERU RAMIRO G (Director) sold a total of 15,670 shares of the company’s common stock. The trade occurred on Aug 29 and was made at $41.14 per share for $0.64 million. Following the transaction, the insider now directly holds 73685.0 shares of the SM stock.

Still, SEC filings show that on Aug 23, ROBESON ROSE M (Director) disposed off 30,000 shares at an average price of $39.65 for $1.19 million. The insider now directly holds 39,531 shares of SM Energy Co (SM).

SM Energy Co (SM): Who are the competitors?

The company’s main competitors (and peers) include ZaZa Energy Corp. (ZAZA) that is trading 0.00% down over the past 12 months. Range Resources Corp. (RRC) that is 11.79% higher over the same period.