Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SM Energy Company shares valued at $394,891 were sold by Lytle Patrick A on Sep 09. At $45.61 per share, Lytle Patrick A sold 8,658 shares. The insider’s holdings dropped to 12,463 shares worth approximately $0.5 million following the completion of this transaction.
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Also, Copeland David W sold 10,000 shares, netting a total of over 462,300 in proceeds. Following the sale of shares at $46.23 each, the insider now holds 228,543 shares.
Before that, Copeland David W had sold 5,000 shares from its account. In a trade valued at $256,150, the EVP & General Counsel traded SM Energy Company shares for $51.23 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $7.5 million.
As published in their initiating research note from KeyBanc Capital Markets on September 20, 2022, SM Energy Company [SM] has been an Overweight and the price target has been revised to $64. This represents a 37.88% premium over Thursday’s closing price. As of January 05, 2022, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for SM. Earlier on December 10, 2021, Cowen upgraded its rating. Their new recommendation was “an Outperform” for SM stock which previously was a “a Market perform”.
Analyzing SM’s Price Performance
On Thursday, SM Energy Company [NYSE: SM] plunged -2.95% to $39.76. The stock’s lowest price that day was $39.66, but it reached a high of $42.35 in the same session. During the last five days, there has been a drop of approximately -10.93%. Over the course of the year, SM Energy Company shares have jumped approximately 34.87%. 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 $40.83, while a 200-day SMA reached $37.96. Nevertheless, trading volume fell to 1.74 million shares from 1.32 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 38.83, which, if violated, would cause prices to drop to 37.90. In the upper region, resistance lies at 41.52. The next price resistance is at 43.28. RSI (Relative Strength Index) is 40.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.61, which suggests the price will decrease in the coming days. Percent R is at 98.77%, indicating bearish price movement. Stochastics %K at buying 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 17,906,990 shares, which is about 14.61% of the total SM shares outstanding. The investor’s shares have plunged by -185,111 from its previous 13-F filing of 18092101.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $641,952,177. SSgA Funds Management, Inc. reduced a -13.39% interest valued at $267.29 million while Dimensional Fund Advisors LP purchased a 195,238 stake. A total of 1,453,323 shares of SM Energy Company were bought by Marshall Wace LLP during the quarter, and -50,393 were sold by Geode Capital Management LLC. In its current portfolio, Invesco Advisers, Inc. holds 2,047,122 shares valued at $90.22 million.
In terms of SM Energy Company share price expectations, FactSet research, analysts set an average price target of $59.34 in the next 12 months, up nearly 34.24% from the previous closing price of $40.97. Analysts anticipate SM Energy Company stock to reach $82.00 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 October 26, 2021, Raymond James assigned a price target of “an Outperform” to the stock and upgraded coverage with a $45.