Shares of SM Energy Company (SM) Sees Large Outflow of Money

SM Energy Company (SM) : The total money flow in SM Energy Company (SM) was negative ($1.11 million), which signals selling by the traders on Tuesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $26.95 million. In comparison, the inflow of money into the stock on upticks was $25.84 million. The uptick to downtick ratio was 0.96. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $2.02 million. The value of transactions on uptick was $0.61 million. The negative money flow of ($1.4 million) confirms the selling in SM Energy Company (SM) on strength. The uptick to downtick ratio of block trades was 0.3. SM Energy Company (SM) gained $0.08 at $37.87, a gain of 0.21% over the previous days close. However, the stock registered 0.45% in the week.


Also, Equity Analysts at the Brokerage Firm, Mitsubishi UFG, upgrades their rating on the shares of SM Energy Company (NYSE:SM). Mitsubishi UFG has a Neutral rating on the shares. Previously, the analysts had a Underweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $36 per share from a prior target of $16. The rating by the firm was issued on August 22, 2016.

Shares of SM Energy Company rose by 0.98% in the last five trading days and 51.89% for the last 4 weeks. SM Energy Company is up 19.67% in the last 3-month period. Year-to-Date the stock performance stands at 94.99%.

SM Energy Company (NYSE:SM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.27 and $37.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.26, notching a gain of 1.24% for the day. The total traded volume was 3,244,383 . The stock had closed at $37.79 on the previous day.

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.

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