SM Stock Summary and Trading Ideas (SM Energy Company | NYSE:SM)

SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

SM Energy Company trades on the NYSE stock market under the symbol SM.

As of April 19, 2024, SM stock price climbed to $48.09 with 1,296,564 million shares trading.

SM has a beta of 0.65, meaning it tends to be less sensitive to market movements. SM has a correlation of 0.05 to the broad based SPY ETF.

SM has a market cap of $5.53 billion. This is considered a Mid Cap stock.

Last quarter SM Energy Company reported $609 million in Revenue and $1.56 earnings per share. This beat revenue expectation by $606,500 and exceeded earnings estimates by $.18.

In the last 3 years, SM stock traded as high as $54.97 and as low as $14.79.

The top ETF exchange traded funds that SM belongs to (by Net Assets): IJR, VTI, CALF, VB, IWM.

SM has outperformed the market in the last year with a return of +69.2%, while the SPY ETF gained +21.2%. In the last 3 month period, SM beat the market returning +35.3%, while SPY returned +3.0%. However, in the most recent 2 weeks SM has underperformed the stock market by returning -8.5%, while SPY returned -4.5%.

SM support price is $47.21 and resistance is $48.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SM stock will trade within this expected range on the day.