SM Energy Co [SM] stock prices are up 1.72% to $38.47 at the moment. 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 5.14% over the last week, with a monthly amount drifted -14.19%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
SM Energy Co [NYSE: SM] stock has seen the most recent analyst activity on December 05, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $53 from $51. Previously, TD Cowen upgraded its rating to Buy on October 15, 2024, and dropped its price target to $60. On August 21, 2024, upgrade upgraded it’s rating to Buy. Truist started tracking the stock assigning a Hold rating and suggested a price target of $51 on June 25, 2024. Stephens initiated its recommendation with a Overweight and recommended $63 as its price target on June 21, 2024. Seaport Research Partners upgraded its rating to Buy for this stock on January 31, 2024, but kept the price target unchanged to $50. In a note dated November 15, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $40 on this stock.
The stock price of SM Energy Co [SM] has been fluctuating between $34.76 and $53.26 over the past year. Currently, Wall Street analysts expect the stock to reach $52.4 within the next 12 months. SM Energy Co [NYSE: SM] shares were valued at $38.47 at the most recent close of the market. An investor can expect a potential return of 36.21% based on the average SM price forecast.
Analyzing the SM fundamentals
The SM Energy Co [NYSE:SM] reported sales of 2.45B for trailing twelve months, representing a surge of 0.42%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 37.81 points at the first support level, and at 37.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.03, and for the 2nd resistance point, it is at 39.59.
Ratios To Look Out For
It’s worth pointing out that SM Energy Co [NYSE:SM]’s Current Ratio is 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 1.81, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 5.38.
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.
