SM Energy Co’s recent filing unveils 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 $0.32 million.
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 $9797.12.
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 Tuesday, SM Energy Co [NYSE:SM] saw its stock jump 2.38% to $38.27. Over the last five days, the stock has lost -3.55%. SM Energy Co shares have fallen nearly -1.26% since the year began. Nevertheless, the stocks have risen 4.76% over the past one year. While a 52-week high of $53.26 was reached on 01/15/25, a 52-week low of $34.90 was recorded on 02/03/25. SMA at 50 days reached $41.12, while 200 days put it at $44.07.
Levels Of Support And Resistance For SM Stock
The 24-hour chart illustrates a support level at 37.16, which if violated will result in even more drops to 36.04. On the upside, there is a resistance level at 38.89. A further resistance level may holdings at 39.50. The Relative Strength Index (RSI) on the 14-day chart is 37.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.81%. Stochastics %K at 10.48% 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 2025-01-15, growing by 0.28 million shares to a total of 10.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.66 million shares. There was a rise of 2.6%, which implies that there is a positive 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.
