SM Energy Company (SM) Price Target: Is It Set To Rise Or Fall In Price?

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SM Energy Company (NYSE:SM) finished Wednesday with a subtraction of -$2.28 to close at $33.25, a downside of -6.42 percent. An average of 1,229,760 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 1,770,755 shares traded, while the 50-day average volume stands at 1,622,622.

SM stock has decreased by -21.10% in the last month. The company shares reached their 1-month lowest point of $32.91 on 12/22/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $28.91 and a high of $54.97 in 52 weeks. It has reached a new high 18 times so far this year and achieved 12.79% or $3.77 in price. In spite of this, the price is down -39.51% from the 52-week high.


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Insider Transactions

SM stock investors should be aware that SM Energy Company (SM) stock had its last reported insider trading activity 69 days ago on Oct 21. In this transaction, the insider spent $954,217. VP – Chief Accounting Officer, Lytle Patrick A, disposed of 8,658 shares at a price of $45.61 on Sep 09. The insider now owns more than $394,891 worth of shares. Prior to that, EVP & General Counsel Copeland David W went on to Sale 10,000 shares at $46.23 each on Sep 09. An amount of $462,300 was transacted.

Valuation Metrics

SM Energy Company (SM) has a trailing price-to-earnings (P/E) ratio of 3.36. The stock’s beta is 4.49. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.11, the price-to-book (PB) ratio at 1.43, and the price-to-cash flow ratio at 3.18.

The company has a payout ratio of 0.20%. The company’s most recent quarterly dividend payment was $0.15 a share, representing a up of 1400.0% from $0.01 last year. Its latest increase dividend $0.14 reported on Wednesday September 7 2022.

Financial Health

The quick ratio of SM Energy Company for the three months ended September 29 was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.55 and a total debt to equity ratio of 0.55 for the quarter ending September 29. Its gross profit as reported stood at $209.12 million compared to revenue of $2.62 billion.

Earnings Surprise

For the three-month period that ended September 29, SM Energy Company had $1.57 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $481.24 million in the quarter, while revenues of $323.49 million were grew 82.21%. The analyst consensus anticipated SM Energy Company’s latest quarter earnings to come in at $1.9 per share, but it turned out to be $1.82, a -4.20% surprise. For the quarter, EBITDA amounted to $769.45 million. Shareholders own equity worth $122.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SM Energy Company (SM) price momentum. RSI 9-day as of the close on 28 December was 32.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 52.64%.

As of today, SM’s price is $34.67 -1.83% or -$0.62 from its 5-day moving average. SM is currently trading -21.51% lower than its 20-day SMA and -12.73% lower than its 100-day SMA. However, the stock’s current price level is -19.47% below the SMA50 and -7.77% below the SMA200.

The stochastic %K and %D were 29.40% and 32.44%, respectively, and the average true range (ATR) was 1.72. With the 14-day stochastic at 6.69% and the average true range at 1.84, the RSI (14) stands at 34.24%. The stock has reached 0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.

Analyst Ratings

KeyBanc Capital Markets launched coverage on SM Energy Company (NYSE: SM) in its analyst report released on September 20, 2022. The firm assigned the stock an Overweight rating.

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