Seaport Research Partners raised the price target for the SM Energy Co (NYSE:SM) stock from “a Neutral” to “a Buy”. The rating was released on January 31, 2024, according to finviz. The research report from JP Morgan has upgraded the stock from Neutral to Overweight, with a price target set at $47. The stock was downgraded by TD Cowen, who disclosed in a research note on March 01, 2023, from Outperform to Market Perform and set the price objective to $35. In their research brief published March 01, 2023, Cowen analysts downgraded the SM Energy Co stock from Outperform to Market Perform with a price target of $35.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -5.95% within the last five trades and 5.66% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.94% in the last 6 months and 38.18% was added to its value over the previous 3 months. SM stock is trading at a margin of -2.23%, 9.15% and 23.83% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, SM deals in the Energy domain. The stock is trading -7.45 percent below its 52-week high and 96.88 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 79.45. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does SM Energy Co’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 38.70 percent and the profit margin is 34.45 percent, and the company has reported a gross margin of 44.67 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.71 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for SM Energy Co (NYSE:SM) is 7.17. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 7.03. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.40 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.58, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.92 percent of SM Energy Co shares are owned by insiders, and 95.21 percent are held by financial institutions. Lutey Mary Ellen, the SVP – Expl., Development & EHS at SM Energy Co (SM) has sold 43,506 shares of firm on Mar 01 ’24 at a price of $44.50 against the total amount of $1.94 million. In another inside trade, Quintana Julio M, Director of SM Energy Co (NYSE:SM) sold 44,000 shares of the firm on Aug 30 ’23 for a total worth of $1.85 million at a price of $42.06. An inside trade which took place on Aug 29 ’23, Director of SM Energy Co PERU RAMIRO G sold 15,670 shares of firm against total price of $0.64 million at the cost of $41.14 per share.
