During the last session, SM Energy Company (NYSE:SM)’s traded shares were 2.88 million, with the beta value of the company hitting 6.18. At the end of the trading day, the stock’s price was $19.73, reflecting an intraday gain of 5.85% or $1.09. The 52-week high for the SM share is $26.86, that puts it down -36.14 from that peak though still a striking 93.21% gain since the share price plummeted to a 52-week low of $1.34. The company’s market capitalization is $2.49B, and the average intraday trading volume over the past 10 days was 3.03 million shares, and the average trade volume was 3.39 million shares over the past three months.
SM Energy Company (SM) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.60. SM has a Sell rating from 1 analyst(s) out of 15 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.27.
SM Energy Company (NYSE:SM) trade information
SM Energy Company (SM) registered a 5.85% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.85% in intraday trading to $19.73 this Wednesday, 07/21/21, hitting a weekly high. The stock’s 5-day price performance is -6.49%, and it has moved by -12.89% in 30 days. Based on these gigs, the overall price performance for the year is 381.22%. The short interest in SM Energy Company (NYSE:SM) is 13.46 million shares and it means that shorts have 3.24 day(s) to cover.
The consensus price target of analysts on Wall Street is $26.67, which implies an increase of 26.02% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.00 and $39.00 respectively. As a result, SM is trading at a discount of -97.67% off the target high and 49.32% off the low.
SM Energy Company (SM) estimates and forecasts
Statistics show that SM Energy Company has underperformed its competitors in share price, compared to the industry in which it operates. SM Energy Company (SM) shares have gone up 127.83% during the last six months, with a year-to-date growth rate less than the industry average at -4.35% against 12.90. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -80.00% this quarter and then drop -160.00% in the quarter after that. In the rating firms’ projections, revenue will increase 51.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $399.4 million as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $431.41 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.30%. While earnings are projected to return -304.60% in 2021, the next five years will return 10.00% per annum.
SM Energy Company is due to release its next quarterly earnings between July 28 and August 02. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for SM Energy Company is 0.02, with the dividend yield indicating at 0.10 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.85%.
SM Energy Company (NYSE:SM)’s Major holders
SM Energy Company insiders own 1.85% of total outstanding shares while institutional holders control 76.72%, with the float percentage being 78.17%. Blackrock Inc. is the largest shareholder of the company, while 246 institutions own stock in it. As of Dec 30, 2020, the company held over 16.65 million shares (or 14.51% of all shares), a total value of $101.9 million in shares.
The next largest institutional holding, with 8.91 million shares, is of Maple Rock Capital Partners, Inc.’s that is approximately 7.77% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $54.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of SM Energy Company (SM) shares are iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF. Data provided on Mar 30, 2021 indicates that iShares Core S&P Smallcap ETF owns about 7.11 million shares. This amounts to just over 6.20 percent of the company’s overall shares, with a $116.37 million market value. The same data shows that the other fund manager holds slightly less at 4.82 million, or about 4.20% of the stock, which is worth about $78.84 million.