SM Energy Company (SM) Shares are Up 3.05%

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 32.77% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.53%, 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 3.05% in the last 1 week, and is up 32.59% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 10.64% and the 50-Day Moving Average is 29.51%.The 200 Day SMA reached 64.11%. SM Energy Company is up 14.53% in the last 3-month period. Year-to-Date the stock performance stands at 97.99%.


SM Energy Company (NYSE:SM): After opening at $38.37, the stock dipped to an intraday low of $38.03 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $39.7001 and the buying power remained strong till the end. The stock closed at $38.85 for the day, a gain of 3.43% for the day session. The total traded volume was 2,301,680. The stocks close on the previous trading day was $37.56.

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.