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Things appear to be looking up for SM Energy Co (SM)

SM Energy Co (NYSE: SM) is 28.74% higher on its value in year-to-date trading and has touched a low of $25.03 and a high of $49.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SM stock was last observed hovering at around $49.05 in the last trading session, with the day’s gains setting it 0.8%.

Currently trading at $49.85, the stock is 7.44% and 20.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.65 million and changing 1.63% at the moment leaves the stock 29.90% off its SMA200. SM registered 80.94% gain for a year compared to 6-month gain of 22.60%. The firm has a 50-day simple moving average (SMA 50) of $2.85 and a 200-day simple moving average (SMA200) of $3.97.

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The stock witnessed a 15.58% loss in the last 1 month and extending the period to 3 months gives it a 24.72%, and is 2.09% 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 1.81% over the week and 2.28% over the month.

SM Energy Co (SM) has around 544 employees, a market worth around $5.77B and $2.37B in sales. Current P/E ratio is 7.26 and Fwd P/E is 7.45. Profit margin for the company is 34.45%. Distance from 52-week low is 99.12% and -0.16% from its 52-week high. The company has generated returns on investments over the last 12 months (15.68%).

SM Energy Co quarterly earnings per share for the current quarter are estimated at $1.24 with sales reaching $555.96M over the same period.The EPS is expected to shrink by -2.06% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to shrink -3.10% in year-over-year returns.

SM Energy Co (SM) Top Institutional Holders

497 institutions hold shares in SM Energy Co (SM), with institutional investors hold 99.32% of the company’s shares. The shares outstanding are 115.75M, and float is at 113.52M with Short Float at 8.17%. Institutions hold 97.62% 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

The most recent transaction is an insider sale by Lutey Mary Ellen,the company’sSVP – Expl., Development & EHS. SEC filings show that Lutey Mary Ellen sold 43,506 shares of the company’s common stock on Mar 01 ’24 at a price of $44.50 per share for a total of $1.94 million. Following the sale, the insider now owns 12472.0 shares.

SM Energy Co disclosed in a document filed with the SEC on Aug 30 ’23 that Quintana Julio M (Director) sold a total of 44,000 shares of the company’s common stock. The trade occurred on Aug 30 ’23 and was made at $42.06 per share for $1.85 million. Following the transaction, the insider now directly holds 89028.0 shares of the SM stock.

Still, SEC filings show that on Aug 29 ’23, PERU RAMIRO G (Director) disposed off 15,670 shares at an average price of $41.14 for $0.64 million. The insider now directly holds 73,685 shares of SM Energy Co (SM).

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