SM Energy Co’s recent filing unveils that its SVP – Expl., Development & EHS Lutey Mary Ellen unloaded Company’s shares for reported $1.94 million on Mar 01 ’24. In the deal valued at $44.50 per share,43,506 shares were sold. As a result of this transaction, Lutey Mary Ellen now holds 12,472 shares worth roughly $0.65 million.
Then, Quintana Julio M sold 44,000 shares, generating $1,850,640 in total proceeds. Upon selling the shares at $42.06, the Director now owns 89,028 shares.
Before that, PERU RAMIRO G sold 15,670 shares. SM Energy Co shares valued at $644,664 were divested by the Director at a price of $41.14 per share. As a result of the transaction, PERU RAMIRO G now holds 73,685 shares, worth roughly $3.83 million.
Seaport Research Partners upgraded its SM Energy Co [SM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid November with a ‘”an Equal weight”‘ rating. JP Morgan also remained covering SM and has increased its forecast on August 16, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. TD Cowen revised its rating on March 01, 2023. It rated SM as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of SM
On Monday, SM Energy Co [NYSE:SM] saw its stock fall -1.42% to $52.01. Over the last five days, the stock has gained 2.83%. SM Energy Co shares have risen nearly 34.32% since the year began. Nevertheless, the stocks have risen 74.06% over the past one year. While a 52-week high of $53.26 was reached on 04/05/24, a 52-week low of $25.03 was recorded on 01/17/24. SMA at 50 days reached $43.46, while 200 days put it at $39.17. A total of 1.27 million shares were traded, compared to the trading of 1.61 million shares in the previous session.
Levels Of Support And Resistance For SM Stock
The 24-hour chart illustrates a support level at 51.59, which if violated will result in even more drops to 51.16. On the upside, there is a resistance level at 52.80. A further resistance level may holdings at 53.58. The Relative Strength Index (RSI) on the 14-day chart is 76.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.60%. Stochastics %K at 88.65% indicates the stock is a selling.
How much short interest is there in SM Energy Co?
A steep rise in short interest was recorded in SM Energy Co stocks on Mar 15, 2024, growing by 1.0 million shares to a total of 9.28 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.28 million shares. There was a rise of 10.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.23.
