In today’s recent session, 0.48 million shares of the SM Energy Company (NYSE:SM) have been traded, and its beta is 4.81. Most recently the company’s share price was $38.12, and it changed around -$2.32 or -5.74% from the last close, which brings the market valuation of the company to $5.37B. SM at last check was trading at a discount to its 52-week high of $54.97, offering almost -44.2% off that amount. The share price’s 52-week low was $14.79, which indicates that the recent value has risen by an impressive 61.2% since then. We note from SM Energy Company’s average daily trading volume that its 10-day average is 2.4 million shares, with the 3-month average coming to 2.28 million.
SM Energy Company stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended SM as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. SM Energy Company is expected to report earnings per share of $2.13 for the current quarter.
SM Energy Company (NYSE:SM) trade information
Instantly SM has been showing red trend so far today with a performance of -5.74% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 49.50 on Tuesday, 06/21/22 increased the stock’s daily price by 22.99%. The company’s shares are currently up 37.18% year-to-date, but still down -16.08% over the last five days. On the other hand, SM Energy Company (NYSE:SM) is 7.70% down in the 30-day period. We can see from the shorts that 4.67 million shares have been sold at a short interest cover period of 1.78 day(s).
The consensus price target as assigned by Wall Street analysts is $61.07, which translates to bulls needing to increase their stock price by 37.58% from its current value. Analyst projections state that SM is forecast to be at a low of $40.00 and a high of $81.00. In order for the stock price to hit the forecast high, the stock would need to plunge -112.49% from its current level, while the stock would need to crash -4.93% from its current level to reach the projected low.
SM Energy Company (SM) estimates 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 49.45 percent over the past six months and at a 398.92% annual growth rate that is well above the industry average of 26.50%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 21,200.00% in revenue this quarter, and will report an increase of 212.20% in the next quarter. The year-over-year growth rate is expected to be 19.70%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $774.04 million in revenue for the current quarter. 7 analysts expect SM Energy Company to make $796.99 million in revenue for the quarter ending Sep 2022. The company’s sales for the same quarters a year ago were $563.85 million and $760.24 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 37.30%. Forecasts for the next quarter put sales growth at 4.80%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.20%. SM Energy Company earnings are expected to increase by 104.40% in 2022, but the outlook is positive 36.20% per year for the next five years.
SM Energy Company’s next quarterly earnings report is expected to be released around July 27 and August 01. The annual dividend yield of the stock is 0.05 percent and its annual dividend per share was 0.02. It is important to note, however, that the 0.05% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
SM Energy Company (NYSE:SM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.35% of SM Energy Company shares, and 88.36% of them are in the hands of institutional investors. The stock currently has a share float of 89.57%. SM Energy Company stock is held by 402 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2022, it held 16.07% of the shares, which is about 19.58 million shares worth $762.64 million.
Vanguard Group, Inc. (The), with 11.52% or 14.04 million shares worth $546.81 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Apr 29, 2022. The former held 8.71 million shares worth $309.46 million, making up 7.15% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.54 million shares worth around $137.83 million, which represents about 2.90% of the total shares outstanding.