At the time of writing, SM Energy Co [SM] stock is trading at $44.60, up 2.93%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SM shares have gain 1.32% over the last week, with a monthly amount glided 4.08%, and 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 October 15, 2024, when TD Cowen upgraded its rating to a Buy and also revised its price target to $60 from $64. Previously, Tudor Pickering Holt & Co. upgraded its rating to Buy on August 21, 2024. On June 25, 2024, Truist initiated with a Hold rating and assigned a price target of $51 on the stock. Stephens started tracking the stock assigning a Overweight rating and suggested a price target of $63 on June 21, 2024. Seaport Research Partners upgraded its rating to a Buy but $50 remained the price target by the analyst firm on January 31, 2024. Wells Fargo started tracking with a Equal Weight rating for this stock on November 15, 2023, and assigned it a price target of $40. In a note dated August 16, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $45 to $47.
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 $50 within the next 12 months. SM Energy Co [NYSE: SM] shares were valued at $44.60 at the most recent close of the market. An investor can expect a potential return of 12.11% based on the average SM price forecast.
Analyzing the SM fundamentals
According to SM Energy Co [NYSE:SM], the company’s sales were 2.45B for trailing twelve months, which represents an 0.42% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.46%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.22 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
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 43.98 points at the first support level, and at 43.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.13, and for the 2nd resistance point, it is at 45.66.
Ratios To Look Out For
It is important to note that SM Energy Co [NYSE:SM] has a current ratio of 3.52. Also, the Quick Ratio is 3.52, while the Cash Ratio stands at 2.99. Considering the valuation of this stock, the price to sales ratio is 2.04, the price to book ratio is 1.26 and price to earnings (TTM) ratio is 6.23.
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.
