SM Energy Company (SM) : Traders are bullish on SM Energy Company (SM) as it has outperformed the S&P 500 by a wide margin of 39.25% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.54%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.86% in the last 1 week, and is up 38.96% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 15.96% and the fifty day Moving Average is 29.64%. SM Energy Company is up 23.32% in the last three month period. Year-to-Date the stock performance stands at 92.13%.
SM Energy Company (SM) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $68 and the lowest price target forecast is $30. The average forecast of all the analysts is $40.85 and the expected standard deviation is $9.81.
SM Energy Company (NYSE:SM): stock turned positive on Friday. Though the stock opened at $37.85, the bulls momentum made the stock top out at $39.06 level for the day. The stock recorded a low of $37.3 and closed the trading day at $37.7, in the green by 0.51%. The total traded volume for the day was 2,448,095. The stock had closed at $37.51 in the previous days trading.
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.