SM Energy Company (SM) has been under a strong bear grip, hence the stock is down -13.56% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.4% in the past 1 week. The stock has risen by 5.96% in the past week indicating that the buyers are active at lower levels, but the stock is down -9.78% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.19% and the 50-Day Moving Average is 8.72%.
SM Energy Company (NYSE:SM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.43 and $26.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.47, notching a gain of 1.42% for the day. The total traded volume was 1,866,480 . The stock had closed at $26.10 on the previous day.
The company Insiders own 1.7% of SM Energy Company shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 9.7%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP – Operations) of Sm Energy Co, Vogel Herbert S, had purchased 6,000 shares in a transaction dated on February 26, 2016. The transaction was executed at $8.64 per share with total amount equaling $51,840.
SM Energy Company is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America. Its operations are carried in four onshore operating areas in the United States: South Texas & Gulf Coast Region, which is managed from its office in Houston, Texas and has both operated and non-operated Eagle Ford shale programs; Rocky Mountain Region, which the Company operates from its office in Billings, Montana and focuses on the development and growth through acquisition of assets targeting the Bakken/Three Forks formations; Permian Region, which is managed from the Companys office in Midland, Texas and covers western Texas and southeastern New Mexico, and Mid-Continent Region, which is managed from the Companys office in Tulsa, Oklahoma and the Mid-Continent Region consists of its Haynesville and Woodford Shale assets.