SM Energy Co (NYSE: SM) is -2.06% lower on its value in year-to-date trading and has touched a low of $34.90 and a high of $53.26 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 $39.61 in the last trading session, with the day’s loss setting it -1.65%.
Currently trading at $37.96, the stock is -8.74% and -8.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -4.17% at the moment leaves the stock -14.09% off its SMA200. SM registered -0.91% loss for a year compared to 6-month loss of -17.84%. The firm has a 50-day simple moving average (SMA 50) of $41.372 and a 200-day simple moving average (SMA200) of $44.1877.
The stock witnessed a -1.33% gain in the last 1 month and extending the period to 3 months gives it a -9.21%, and is -5.31% down 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 3.48% over the week and 2.95% over the month.
SM Energy Co (SM) has around 544 employees, a market worth around $4.34B and $2.45B in sales. Current P/E ratio is 5.31 and Fwd P/E is 4.84. Profit margin for the company is 33.89%. Distance from 52-week low is 8.77% and -28.73% from its 52-week high. The company has generated returns on investments over the last 12 months (12.25%).
The EPS is expected to grow by 16.03% this year.
SM Energy Co (SM) Top Institutional Holders
548.0 institutions hold shares in SM Energy Co (SM), with institutional investors hold 104.95% of the company’s shares. The shares outstanding are 114.42M, and float is at 112.50M with Short Float at 9.73%. Institutions hold 103.37% 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).
