Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SM Energy Company shares valued at $256,150 were sold by Copeland David W on May 31. At $51.23 per share, Copeland David W sold 5,000 shares. The insider’s holdings dropped to 188,722 shares worth approximately $6.98 million following the completion of this transaction.
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Also, Copeland David W sold 20,000 shares, netting a total of over 901,400 in proceeds. Following the sale of shares at $45.07 each, the insider now holds 193,722 shares.
Before that, Copeland David W had sold 20,000 shares from its account. In a trade valued at $860,000, the EVP & General Counsel traded SM Energy Company shares for $43.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $7.91 million.
Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early January. As of December 10, 2021, Cowen has increased its “Market perform” rating to a “an Outperform” for SM. Earlier on October 26, 2021, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for SM stock which previously was a “a Mkt perform”.
Analyzing SM’s Price Performance
On Thursday, SM Energy Company [NYSE: SM] plunged -0.62% to $37.00. The stock’s lowest price that day was $35.42, but it reached a high of $38.22 in the same session. During the last five days, there has been a drop of approximately -6.04%. Over the course of the year, SM Energy Company shares have jumped approximately 25.51%. Shares of the company reached a 52-week high of $54.97 on 06/08/22 and a 52-week low of $28.91 on 01/24/22. A 50-day SMA is recorded $40.09, while a 200-day SMA reached $36.22. Nevertheless, trading volume fell to 3.8 million shares from 2.11 million shares the previous day.
Support And Resistance Levels for SM Energy Company (SM)
According to the 24-hour chart, there is a support level at 35.54, which, if violated, would cause prices to drop to 34.08. In the upper region, resistance lies at 38.34. The next price resistance is at 39.68. RSI (Relative Strength Index) is 49.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 54.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is SM Energy Company subject to short interest?
Stocks of SM Energy Company saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.43 million shares to 5.15 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.72 million shares. A jump of 8.35% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.88 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.88.
Which companies own the most shares of SM Energy Company (SM)?
According to BlackRock Fund Advisors filings, the company currently owns 18,092,101 shares, which is about 14.85% of the total SM shares outstanding. The investor’s shares have appreciated by 206,491 from its previous 13-F filing of 17885610.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $473,460,419. SSgA Funds Management, Inc. acquire a 13.68% interest valued at $239.42 million while Dimensional Fund Advisors LP purchased a 293,299 stake. A total of 564,146 shares of SM Energy Company were bought by Goldman Sachs Asset Management LP during the quarter, and -2,789,973 were sold by JB Investments Management LLC. In its current portfolio, Geode Capital Management LLC holds 2,166,887 shares valued at $74.09 million.
In terms of SM Energy Company share price expectations, FactSet research, analysts set an average price target of $58.43 in the next 12 months, up nearly 47.73% from the previous closing price of $37.23. Analysts anticipate SM Energy Company stock to reach $80.00 by 2022, with the lowest price target being $40.00. In spite of this, 12 analysts ranked SM Energy Company stock as an Overweight at the end of 2022. On September 15, 2021, JP Morgan assigned a price target of “an Overweight” to the stock and upgraded coverage with a $27.