Shares of SM Energy Company (NYSE:SM) traded today at $27.88, eclipsing its 52-week high. This new high was reached on below average trading volume as 741,000 shares traded hands, while the average 30-day volume is approximately 2.6 million shares.
Based on a current price of $27.79, SM Energy Company is currently 0.7% above its average consensus analyst price target of $27.59.
In the past 52 weeks, SM Energy Company share prices are bracketed by a low of $1.34 and a high of $27.88 and are now at $27.79, 1,974% above that low price.
SM Energy 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.
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