SM Energy Company (NYSE:SM) saw a downside of -2.59% to close Tuesday at $40.28 after subtracting -$1.07 on the day. The 5-day average trading volume is 1,686,760 shares of the company’s common stock. It has gained $41.68 in the past week and touched a new high 4 times within the past 5 days. An average of 1,545,730 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,729,848.
SM’s 1-month performance is 16.52% or $5.99 on its low of $34.25 reached on 07/24/23. 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 08/22/23. YTD, SM has achieved 15.65% or $5.45 and has reached a new high 17 times. However, the current price is down -17.03% from the 52-week high price.
Insider Transactions
SM stock investors last saw insider trading activity on Aug 07.Lytle Patrick A (VP – Chief Accounting Officer) most recently sold 6,494 shares at $38.46 per share on Aug 07. This transaction cost the insider $249,759. Director, Quintana Julio M, sold 22,300 shares at a price of $42.79 on Oct 21. Then, on Sep 09, EVP & General Counsel Copeland David W sold 10,000 shares at a price of $46.23 per share. This transaction amounted to $462,300.
Valuation Metrics
SM stock has a beta of 4.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.80 while the price-to-book (PB) in the most recent quarter is 1.46, with the price to cash flow ratio at 13.06.
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 22 August was 64.23% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.59%.
The stock’s 5-day moving average is $40.40, reflecting a +3.26% or $1.27 change from its current price. SM is currently trading +14.63% above its 20-day SMA, +45.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.71% and SMA200 by-8.83%.
Stochastic %K and %D was 90.33% and 91.94% and the average true range (ATR) pointed at 1.21. The RSI (14) points at 66.59%, while the 14-day stochastic is at 77.50% with the period’s ATR at 1.22. The stock’s 9-day MACD Oscillator is pointing at 0.80 and 1.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SM Energy Company (NYSE: SM), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SM stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SM as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is SM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $32.00 and a high of $63.00, with their median price target at $47.00. Looking at these predictions, the average price target given by analysts is for SM Energy Company (SM) stock is $46.69.
