Large Inflow of Money Witnessed in SM Energy Company

SM Energy Company (SM) : Investors lapped up stocks on upticks to the tune of $9.76 million in the Thursdays trading session. The trading value on downticks was comparatively at $8.1 million and the uptick to downtick ratio of 1.21 indicates continuous buying by the bulls. The net money flow into the stock was $1.67 million. Upticks saw transactions worth $1.2 clearly indicating buying by large investors. The total money flow for block trades stood at $1.2 million, which is a positive for the stock in the long-term. SM Energy Company (SM) fell $0.89 during the day at $25.49, a drop of -3.37% over the previous days close. However, for the week, the stock is -9.22%, compared to the previous week.


SM Energy Company (SM) : The consensus price target for SM Energy Company (SM) is $30.82 for the short term with a standard deviation of $8.2. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $48, however, the pessimist price target for the company is $15. The stock has recorded a 20-day Moving Average of 15.13% and the 50-Day Moving Average is 17.87%.

SM Energy Company (NYSE:SM): The stock opened at $27.52 on Thursday but the bulls could not build on the opening and the stock topped out at $27.62 for the day. The stock traded down to $24.24 during the day, due to lack of any buying support eventually closed down at $24.32 with a loss of -7.81% for the day. The stock had closed at $26.38 on the previous day. The total traded volume was 3,390,581 shares.

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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