In today’s recent session, 4,406,003 shares of the SM Energy Company(NYSE:SM) have been traded, and its beta is 6.5. Most recently the company’s share price was $13.71, and it changed around $2.39 or 0.21% from the last close, which brings the market valuation of the company to $1.61 Billion. SM at last check was trading at a discount to its 52-week high of $14.38, offering almost -4.89% off that amount. The share price’s 52-week low was $0.9, which indicates that the recent value has risen by an impressive 93.44% since then. We note from SM Energy Company’s average daily trading volume that its 10-day average is 4.46 Million shares, with the 3-month average coming to 6.35 Million.
SM Energy Company (NYSE:SM): Trading Information Today
Instantly SM has been showing a green trend so far today with a performance of 21.11% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $14.38 on Wednesday, Feb 17 increased the stock’s daily price by 6.16%. The company’s shares are currently up 1.2% year-to-date, but still up 0.063 over the last five days. On the other hand, SM Energy Company (NYSE:SM) is 0.51% up in the 30-day period. We can see from the shorts that 10.18 Million shares have been sold at a short interest cover period of 1.6 day(s).
SM Energy Company (SM) projections and forecasts
SM Energy Company share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +305.73 percent over the past six months and at a 391.3% annual growth rate that is well above the industry average of -27%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -360% in revenue this quarter, and will report a decline of -133.3% in the next quarter. The year-over-year growth rate is expected to be 32.4%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $350.43 Million in revenue for the current quarter. 12 analysts expect SM Energy Company to make $356.86 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $355.73 Million. Analysts predict that the company’s current quarter sales will drop, forecast at -1.5%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.3%. SM Energy Company earnings are expected to decrease by -304.6% in 2021, but the outlook is positive 10% per year for the next five years.
SM Dividend Yield
SM Energy Company’s next quarterly earnings report is expected to be released around April 27 – May 03, 2021. The annual dividend yield of the stock is 0.18 percent and its annual dividend per share was $0.02. It is important to note, however, that the 0.18% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 0.87% per year.
SM Energy Company (NYSE:SM)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.83% of SM Energy Company shares, and 72.71% of them are in the hands of institutional investors. The stock currently has a share float of 74.07%. SM Energy Company stock is held by 230 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 14.53% of the shares, which is about 16.65 Million shares worth $101.9 Million.
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Maple Rock Capital Partners, Inc., with 5.7% or 6.53 Million shares worth $10.37 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.