RBC Capital took its SM Energy [SM] rating to the equivalent of Outperform from Sector Perform, and the price target to $12.0, in a research note dated 2021-01-11. That figure represents around a 42.35% premium from where the company’s shares closed on Friday. Some new analysts also started their coverage, with Seaport Global Securities’s analysts assigning the shares to “a Neutral” rating in a research note to investors issued in late July. Meanwhile, Scotiabank had lowered its rating on SM to “Sector underperform” from the earlier “Sector perform”, in a research note produced for clients April 07, 2020. In addition, there was a downgrade from JP Morgan on March 25, 2020. The rater changed SM from “an Overweight” to “an Underweight”.
Is SM Energy Company [NYSE:SM] a Good Buy Right Now?
It should be noted that SM technical indicators for short, intermediate as well as long term progress have placed an overall average of 96% as Buy. The average signal changed from 88% Buy in the last week and compares with 40% Buy in the past month. Data from SM Energy Company’s Trend Spotter indicated that the signals were Weakening. The stock current average is 7.0 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 7.68 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 75% Buy and the 100-day average volume stands at 6.47 million shares.
SM Price Performance
On Wall Street, SM Energy Company [NYSE:SM] finished Friday’s session down -1.06% at $8.42. The stock went up to $8.79 at the same session while its lowest single day price was $8.33. In the last five days, it saw a rise of about 37.58%, SM Energy Company shares gained by almost 37.58% since the beginning of the year. However, the share price has dropped to as low as -31.66% below its one year high. On 01/07/21, the company shares recorded $8.82, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $5.89. The company’s shares have declined by -27.73% in the past year. The 50-day SMA achieved is $4.49 while the 200-day SMA is $3.22. Volume dropped to 5.0 million from 6.89 million in the previous session.
SM Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 8.24 level, and in case of violation of this particular level, it will cause more drop to 8.05 level. On the upper level, 8.97 is still the key resistance. The stock may increase to the subsequent resistance at 8.70. The Relative Strength Index (RSI) pinned on the 14-day chart is 80.67, implying a overbought technical stance while the MACD stands at 1.74, meaning price will increase in the next trading period. Percent R indicator moved to 10.64%, implying bullish price movement. Stochastic %K at 91.33% suggest selling the stock.
What is the short interest in SM Energy Company?
Short interest in the SM Energy Company stock has plunged, decreasing by -1.05 million shares to total 13.45 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 12.4 million, data from Yahoo Finance shows. The increase of 7.81% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 15.94% of the overall float for the stock.
SM Energy Company’s Biggest Shareholders: Who Owns SM Energy Company [SM]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 15,117,178 shares or roughly 13.19% of the outstanding SM shares. This means their shares have reduced by -259,130 from the 15,117,178 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Maple Rock Capital Partners, Inc. updated stake is worth $27,600,750. Details in the latest 13F filings reveal that The Vanguard Group, Inc. disposed off their -45.17% stake valued at $27,098,319 while SSgA Funds Management, Inc. cut theirs at $18,976,892. During the last quarter, The Vanguard Group, Inc. liquidated -5,278,277 of its shares in SM Energy Company while SSgA Funds Management, Inc. sold -4,667,526 shares. The D. E. Shaw & Co. LP’s holdings currently number 4,277,145 shares at $36013560.9. According to the firm’s last 13F report, Dimensional Fund Advisors LP shares in the company at filing stood at 3,220,548 shares, roughly $13,622,918.
SM Earnings Forecast For The Current Quarter
SM Energy Company [SM] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $330.91M and an earnings per share of -$0.03 for Dec 2020. Looking further ahead, the company is expected to report revenue of $324.22M at an EPS of -$0.32 for Mar 2021. The estimates represent downside of 18.30% and -337.50% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
SM Earnings Estimates For The Current Year
For the financial year, SM Energy Company [NYSE:SM] is expected to bring in revenue of $1.16B. The returns are nearly $-430.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.32, higher than that of FY19 by $0.16. Estimates put this year’s earnings growth at 33.30%, -337.50% for the next, and at an annual 194.61% over the next 5-year period. As for sales, forecasts are for a decrease of -26.90% in the current fiscal year and a further 18.30% over the following year.