The stock of SM Energy Company (NYSE:SM) decreased by -$0.16 on Tuesday to finish at $39.29, down -0.41 percent. The last five days have seen an average of 2,818,740 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $4.46. The average number of shares traded over the last 20 days was 1,752,435, while the average volume over the last 50 days totaled 1,613,454.
SM stock dropped -3.23% since last month. On 09/15/23, the company’s shares reached a one-month low of $39.05. The stock touched a high of $48.55 on 09/01/23, after rallying from a low of $24.66 in 52 weeks. The price of SM stock has risen by 12.81% or $4.46 this year, reaching a new high 20 times. Still, the stock price is down -19.07% from the 52-week high.
Insider Transactions
SM stock investors should be aware that SM Energy Company (SM) stock had its last reported insider trading activity 21 days ago on Aug 30. On Aug 30, Director Quintana Julio M sold 44,000 shares at $42.06 each. This transaction resulted in the insider making $1,850,640. On Aug 29, PERU RAMIRO G sold 15,670 shares at a price of US$41.14. After the transaction, the insider now owns 73,685 shares. Director ROBESON ROSE M had earlier sold 30,000 shares on Aug 23 for $39.65 a share. The transaction was completed for $1,189,500.
Valuation Metrics
SM Energy Company (SM) has a trailing price-to-earnings (P/E) ratio of 4.45. Beta for the stock is 4.37. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.81, the price-to-book (PB) ratio of 1.42, and the price-to-cash flow ratio of 13.07.
Company paid $0.15 per share in dividends, remained unchanged from $0.15 last year. A $0.14 dividend increase was reported on Wednesday September 7 2022.
Financial Health
For the three months ended June 30, SM Energy Company’s quick ratio was 1.20, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.48, and the total debt to equity ratio is 0.48. As far as profitability goes, gross margin for the trailing twelve months is 77.20% percent. SM Energy Company’s EBITDA margin for the year ended June 30 was 76.36%, whereas its operating margin stood at 55.00% for the same period. Based on annual data, it had gross profit of $1.58 billion and revenue of $3.36 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SM’s return on assets (ROA) during the last 12 months has been 18.70%. There was a 26.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 34.90%.
Earnings Surprise
According to SM Energy Company’s quarterly financial report for the quarter that ended June 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $550.75 million, while revenues fell by -80.14% to $573.51 million. It was predicted that SM Energy Company’s quarterly earnings would be $1.28, but it ended up being $1.09, beating the consensus by 17.40%. EBITDA was $368.56 million for the quarter. At the end of SM Energy Company’s most recent quarter ended June 30, its liabilities totaled 2.69 billion, while its total debt was $1.59 billion. Equity owned by shareholders amounts to $118.67 million.
Technical Picture
Here’s a quick look at SM Energy Company’s (SM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 36.27%, suggesting the stock is Neutral, with a 24.12% historical volatility rate.
The stochastic %K and %D were 9.16% and 14.34% respectively, while the average true range (ATR) was 1.19. Based on the 14-day stochastic reading of 5.57%, the RSI (14) reading is 45.03%. On the 9-day MACD Oscillator, the stock is at -1.07, and the 14-day reading is at -1.74.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on SM Energy Company (NYSE: SM) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned SM Energy Company (SM) an Overweight rating. SM is a stock that is recommended for selling by 1 brokerage firm, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 6 others recommend it as a buy.
What is SM’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.00 and $63.00, with a median target price of $47.00. In analyzing these forecasts, the average price target given by analysts for SM Energy Company (SM) is $47.77.
