Shares of SM Energy Co. (NYSE:SM) traded at a new 52-week low today of $7.00. Approximately 391,000 shares have changed hands today, as compared to an average 30-day volume of 4 million shares.
In the past 52 weeks, shares of SM Energy Co. have traded between the current low of $7.00 and a high of $31.45 and is now at $7.08. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.2%.
SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The Company's operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions.
There is potential upside of 328.6% for shares of SM Energy Co. based on a current price of $7.08 and an average consensus analyst price target of $30.37. The stock should run into initial resistance at its 50-day moving average (MA) of $9.72 and subsequent resistance at its 200-day MA of $13.76.
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