SM Energy Company (NYSE:SM) saw a downside of -1.18% to $38.37 after subtracting -$0.46 on Tuesday. The 5-day average trading volume is 1,536,346 shares of the company’s common stock. It has gained $38.84 in the past week and touched a new high 4 times within the past 5 days. An average of 1,445,477 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,696,849.
SM’s 1-month performance is 18.50% or $6.17 on its low of $31.91 reached on 07/10/23. The company’s shares have touched a 52-week low of $24.66 and high of $48.55, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, SM has achieved 10.16% or $3.52 and has reached a new high 11 times. However, the current price is down -20.97% from the 52-week high price.
Insider Transactions
SM stock investors last saw insider trading activity on Mar 15.Quintana Julio M (Director) most recently sold 22,300 shares at $42.79 per share on Oct 21. This transaction cost the insider $954,217. EVP & General Counsel, Copeland David W, sold 10,000 shares at a price of $46.23 on Sep 09. Then, on Sep 09, VP – Chief Accounting Officer Lytle Patrick A sold 8,658 shares at a price of $45.61 per share. This transaction amounted to $394,891.
Valuation Metrics
SM stock has a beta of 4.38. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.71 while the price-to-book (PB) in the most recent quarter is 1.39, with the price to cash flow ratio at 14.58.
SM Energy Company’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.48, while the total debt to equity was 0.48. In terms of profitability, the gross margin trailing 12 months is 77.20%. The trailing 12-month EBITDA margin is 76.36% while for the period ending June 29, SM Energy Company’s operating margin was 55.00%. The firm’s gross profit as reported stood at $1.58 billion against revenue of $3.36 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -115.85% to $149.87 million, while revenue of $198.55 million was -32.48% off the previous quarter. Analysts expected SM to announce $1.09 per share in earnings in its latest quarter, but it posted $1.28, representing a 17.40% surprise. EBITDA for the quarter stood at more than $368.56 million. SM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.69 billion, with total debt at $1.59 billion. Shareholders hold equity totaling $118.67 million.
Let’s look briefly at SM Energy Company (SM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 72.91% to suggest the stock is trending Overbought, with historical volatility in this time period at 32.70%.
The stock’s 5-day moving average is $37.69, reflecting a +6.26% or $2.26 change from its current price. SM is currently trading +15.23% above its 20-day SMA, +49.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +39.71% and SMA200 by-11.39%.
Stochastic %K and %D was 94.19% and 91.88% and the average true range (ATR) pointed at 1.31. The RSI (14) points at 70.79%, while the 14-day stochastic is at 90.04% with the period’s ATR at 1.28. The stock’s 9-day MACD Oscillator is pointing at 1.69 and 2.42 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SM Energy Company (NYSE: SM), TD Cowen downgraded it to a Market perform rating. They previously had an Outperform rating on the stock.
