At the time of writing, SM Energy Co [SM] stock is trading at $40.95, up 1.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SM shares have gain 4.79% over the last week, with a monthly amount drifted -9.86%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SM Energy Co [NYSE: SM] stock has seen the most recent analyst activity on August 21, 2024, when Tudor Pickering Holt & Co. upgraded its rating to a Buy. Previously, Truist started tracking the stock with Hold rating on June 25, 2024, and set its price target to $51. On June 21, 2024, Stephens initiated with a Overweight rating and assigned a price target of $63 on the stock. Seaport Research Partners upgraded its rating to a Buy but stick to its price target of $50 on January 31, 2024. Wells Fargo initiated its recommendation with a Equal Weight and recommended $40 as its price target on November 15, 2023. JP Morgan upgraded its rating to Overweight for this stock on August 16, 2023, and upped its price target to $47. In a note dated March 01, 2023, TD Cowen downgraded an Market Perform rating on this stock but restated the target price of $35.
For the past year, the stock price of SM Energy Co fluctuated between $34.13 and $53.26. Currently, Wall Street analysts expect the stock to reach $51.64 within the next 12 months. SM Energy Co [NYSE: SM] shares were valued at $40.95 at the most recent close of the market. An investor can expect a potential return of 26.11% based on the average SM price forecast.
Analyzing the SM fundamentals
According to SM Energy Co [NYSE:SM], the company’s sales were 2.44B for trailing twelve months, which represents an 15.22% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.22 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 40.21 points at the first support level, and at 39.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.70, and for the 2nd resistance point, it is at 42.45.
Ratios To Look Out For
It is important to note that SM Energy Co [NYSE:SM] has a current ratio of 1.29. Further, the Quick Ratio stands at 1.29, while the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 5.90.
Transactions by insiders
Recent insider trading involved Lytle Patrick A, VP – Chief Accounting Officer, that happened on Aug 26 ’24 when 6059.0 shares were sold. Officer, Lytle Patrick A completed a deal on Aug 26 ’24 to buy 6059.0 shares. Meanwhile, EVP & General Counsel Lebeck James Barker sold 4487.0 shares on Aug 16 ’24.
