SM Energy Co (NYSE: SM) is 13.83% higher on its value in year-to-date trading and has touched a low of $34.76 and a high of $53.26 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 $44.69 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $44.12, the stock is 9.82% and 5.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -1.28% at the moment leaves the stock -1.40% off its SMA200. SM registered 24.07% gain for a year compared to 6-month loss of -5.77%. The firm has a 50-day simple moving average (SMA 50) of $41.8986 and a 200-day simple moving average (SMA200) of $44.74505.
The stock witnessed a 9.13% gain in the last 1 month and extending the period to 3 months gives it a 3.98%, and is 3.45% 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 2.46% over the week and 2.93% over the month.
SM Energy Co (SM) has around 544 employees, a market worth around $5.05B and $2.45B in sales. Current P/E ratio is 6.17 and Fwd P/E is 5.84. Profit margin for the company is 33.89%. Distance from 52-week low is 26.93% and -17.16% from its 52-week high. The company has generated returns on investments over the last 12 months (12.25%).
with sales reaching $861.74M over the same period.The EPS is expected to grow by 16.76% this year, but quarterly earnings will post 14.76% year-over-year. Quarterly sales are estimated to grow 41.56% in year-over-year returns.
551.0 institutions hold shares in SM Energy Co (SM), with institutional investors hold 105.03% of the company’s shares. The shares outstanding are 114.42M, and float is at 112.50M with Short Float at 8.72%. Institutions hold 103.45% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.71 million shares valued at $852.13 million. The investor’s holdings represent 17.0454 of the SM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.34 million shares valued at $620.07 million to account for 12.4033 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.34 million shares representing 5.4841 and valued at over $274.16 million, while STATE STREET CORP holds 5.3382 of the shares totaling 6.17 million with a market value of $266.87 million.
SM Energy Co (SM) Insider Activity
The most recent transaction is an insider sale by Lytle Patrick A, the company’s VP – Chief Accounting Officer. SEC filings show that Lytle Patrick A sold 6,059 shares of the company’s common stock on Aug 26 ’24 at a price of $47.45 per share for a total of $0.29 million. Following the sale, the insider now owns 8355.0 shares.
Still, SEC filings show that on Aug 16 ’24, Lebeck James Barker (EVP & General Counsel) disposed off 4,487 shares at an average price of $45.43 for $0.2 million. The insider now directly holds 256 shares of SM Energy Co (SM).
