Shares of SM Energy Company (SM) Sees Large Inflow of Net Money Flow

SM Energy Company (SM) : On Friday, The money flowed into the SM Energy Company (SM) stock with an uptick to downtick ratio was recorded at 1.7. Transactions worth $17.5 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $10.27 million. The total money flow into the stock was $7.23 million. The block trades reveal a bullish bias with an up-down ratio of 9.6. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $7.38 million of block transactions on upticks. The value of block trades on downticks was $0.77 million, indicating lower selling interest. The total money flow in block trades was $6.61 million. In terms of price action, SM Energy Company (SM) traded down $0.22 during the session at $26.39. Compared to the previous days closing, the stock was down only by -0.83%. For the week, the stock is -0.3%, over previous weeks closing.


SM Energy Company (SM) : 14 investment research analysts covering SM Energy Company (SM) have an average price target of $31.54 for the near short term. The highest target price given by the Brokerage Firm to the stock is $48 and the lowest target is $15 for the short term. Analysts expect the variance to be within $8.65 of the average price.

SM Energy Company (NYSE:SM): On Fridays trading session , Opening price of the stock was $26.77 with an intraday high of $27.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $26.04. However, the stock managed to close at $26.39, a loss of 0.83% for the day. On the previous day, the stock had closed at $26.61. The total traded volume of the day was 2,175,014 shares.

In a related news, Vogel Herbert S, officer (EVP – Operations) of Sm Energy Co had purchased 6,000 shares on February 26, 2016 in a transaction. The price per share was $8.64 and the total amount of the disclosed transaction was $51,840.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.