SM Energy Co (NYSE: SM)’s stock price has soared by 1.65 in relation to previous closing price of 41.81. Nevertheless, the company has seen a gain of 1.24% in its stock price over the last five trading days. zacks.com reported 2024-10-29 that A favorable commodity pricing scenario is likely to have aided SM’s upstream activities in Q3.
Is It Worth Investing in SM Energy Co (NYSE: SM) Right Now?
The price-to-earnings ratio for SM Energy Co (NYSE: SM) is above average at 6.12x, Company’s 36-month beta value is 4.19.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for SM is 112.49M, and currently, short sellers hold a 9.77% ratio of that floaft. The average trading volume of SM on October 31, 2024 was 1.76M shares.
SM’s Market Performance
SM stock saw an increase of 1.24% in the past week, with a monthly gain of 2.83% and a quarterly increase of -3.69%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.72% for SM Energy Co (SM). The simple moving average for the past 20 days is -2.19% for SM’s stock, with a -4.90% simple moving average for the past 200 days.
Analysts’ Opinion of SM
Many brokerage firms have already submitted their reports for SM stocks, with TD Cowen repeating the rating for SM by listing it as a “Buy.” The predicted price for SM in the upcoming period, according to TD Cowen is $60 based on the research report published on October 15, 2024 of the current year 2024.
Truist gave a rating of “Hold” to SM, setting the target price at $51 in the report published on June 25th of the current year.
SM Trading at -0.14% from the 50-Day Moving Average
After a stumble in the market that brought SM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.20% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +1.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.76% lower at present.
During the last 5 trading sessions, SM rose by +1.24%, which changed the moving average for the period of 200-days by +19.52% in comparison to the 20-day moving average, which settled at $43.45. In addition, SM Energy Co saw 9.76% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SM starting from Lytle Patrick A, who sale 6,059 shares at the price of $47.45 back on Aug 26 ’24. After this action, Lytle Patrick A now owns 8,355 shares of SM Energy Co, valued at $287,500 using the latest closing price.
Lytle Patrick A, the Officer of SM Energy Co, proposed sale 6,059 shares at $47.45 during a trade that took place back on Aug 26 ’24, which means that Lytle Patrick A is holding shares at $287,481 based on the most recent closing price.
Stock Fundamentals for SM
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.46 for the gross margin
The net margin for SM Energy Co stands at 0.33. The total capital return value is set at 0.16. Equity return is now at value 22.71, with 12.82 for asset returns.
Based on SM Energy Co (SM), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 1.02. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 10.8.
Currently, EBITDA for the company is 1.63 billion with net debt to EBITDA at 0.64. When we switch over and look at the enterprise to sales, we see a ratio of 2.44. The receivables turnover for the company is 10.21for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.29.
Conclusion
In a nutshell, SM Energy Co (SM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
