SM Energy Co (NYSE:SM) shares, rose in value, with the stock price up by 1.38% to the previous day’s close as strong demand from buyers drove the stock to $52.76.
Actively observing the price movement in the last trading, the stock closed the session at $52.04. The value of beta (5-year monthly) was 4.25 whereas the PE ratio was 7.68 over 12-month period. Referring to stock’s 52-week performance, its high was $52.62, and the low was $25.03. On the whole, SM has fluctuated by 18.75% over the past month.
With the market capitalization of SM Energy Co currently standing at about $6.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.63, with its dividend yield at 1.19%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.25, which is expected to increase to $1.64 for fiscal year $5.89 and then to about $6.87 by fiscal year 2025.
Analysts have estimated the company’s revenue for the quarter at $555.96 million, with a low estimate of $514.25 million and a high estimate of $584.79 million. According to the average forecast, sales growth in current quarter could jump down -3.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.46 billion, representing an increase of 3.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that SM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.96, with the price of SM currently trading nearly 9.49% and 23.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.22, while the 7-day volatility ratio is showing 2.49% which for the 30-day chart, stands at 2.23%. Furthermore, SM Energy Co (SM)’s beta value is 4.23, and its average true range (ATR) is 1.14.
A comparison of SM Energy Co (SM) with its peers suggests the former has fared considerably weaker in the market. SM showed an intraday change of 1.38% in last session, and over the past year, it grew by 76.04%%.
Data on historical trading for SM Energy Co (NYSE:SM) indicates that the trading volumes over the past 10 days have averaged 1.5 million and over the past 3 months, they’ve averaged 1.62 million. According to company’s latest data on outstanding shares, there are 115.75 million shares outstanding.
Nearly 1.92% of SM Energy Co’s shares belong to company insiders and institutional investors own 95.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.28 million shares as on Mar 15, 2024, resulting in a short ratio of 4.23. According to the data, the short interest in SM Energy Co (SM) stood at 8.02% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.28 million. The stock has risen by 36.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SM stock heading into the next quarter.
