SM Energy Co’s filing revealed that its VP – Chief Accounting Officer Lytle Patrick A unloaded Company’s shares for reported $0.29 million on Aug 26 ’24. In the deal valued at $47.45 per share,6,059 shares were sold. As a result of this transaction, Lytle Patrick A now holds 8,355 shares worth roughly $0.34 million.
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Then, Lytle Patrick A bought 6,059 shares, generating $287,481 in total proceeds.
Before that, Lebeck James Barker sold 4,487 shares. SM Energy Co shares valued at $203,844 were divested by the EVP & General Counsel at a price of $45.43 per share. As a result of the transaction, Lebeck James Barker now holds 256 shares, worth roughly $10286.08.
JP Morgan downgraded its SM Energy Co [SM] rating to a Neutral from a an Overweight in a research note published on December 05, 2024; the price target was increased to $53 from $51. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in mid October from “a Hold” to “a Buy”. Tudor Pickering Holt & Co. also remained covering SM and has increased its forecast on August 21, 2024 with a “Buy” recommendation from previously “Hold” rating. Truist started covering the stock on June 25, 2024. It rated SM as “a Hold”.
Price Performance Review of SM
On Friday, SM Energy Co [NYSE:SM] saw its stock fall -3.90% to $40.18. Over the last five days, the stock has lost -11.09%. SM Energy Co shares have risen nearly 3.77% since the year began. Nevertheless, the stocks have risen 14.93% over the past one year. While a 52-week high of $53.26 was reached on 04/05/24, a 52-week low of $34.13 was recorded on 01/17/24. SMA at 50 days reached $43.26, while 200 days put it at $45.50.
Levels Of Support And Resistance For SM Stock
The 24-hour chart illustrates a support level at 39.15, which if violated will result in even more drops to 38.12. On the upside, there is a resistance level at 41.42. A further resistance level may holdings at 42.67. The Relative Strength Index (RSI) on the 14-day chart is 35.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.45%. Stochastics %K at 6.66% indicates the stock is a buying.
How much short interest is there in SM Energy Co?
A steep rise in short interest was recorded in SM Energy Co stocks on 2024-11-15, dropping by -0.65 million shares to a total of 10.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 10.99 million shares. There was a decline of -6.31%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 21, 2024 when Stephens began covering the stock and recommended ‘”an Overweight”‘ rating along with a $63 price target.
