SM Energy Company (SM) has been under a strong bear grip, hence the stock is down -6.52% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.87% in the past 1 week. The stock has risen by 2.8% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.38% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 3.83% and the 50-Day Moving Average is 4.58%. SM Energy Company has dropped 12.93% during the last 3-month period . Year-to-Date the stock performance stands at 38.26%.
SM Energy Company (NYSE:SM): stock turned positive on Friday. Though the stock opened at $25.2, the bulls momentum made the stock top out at $27.1901 level for the day. The stock recorded a low of $25.14 and closed the trading day at $27.13, in the green by 4.83%. The total traded volume for the day was 1,972,011. The stock had closed at $25.88 in the previous days trading.
Also, Deutsche Bank maintains their rating on the shares of SM Energy Company (NYSE:SM). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $35 per share from $31 per share. The rating by the firm was issued on June 14, 2016.
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.