Shares of SM Energy Company (NYSE:SM) [Trend Analysis] runs in leading trade, it moving down -0.52% to traded at $34.30. The firm has price volatility of 3.29% for a week and 4.78% for a month. Its beta stands at 2.78 times. SM Energy Co. (SM) reported Tuesday that it has entered into a definitive contract for the sale of its non-operated Eagle Ford assets for $800 million. The company said it has signed the deal to sell third party operated assets in the Eagle Ford, including its ownership interest in related midstream assets, with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR.
The transaction is expected to close in the first quarter of 2017, with an effective date of November 1, 2016. The purchase price will be subject to certain closing price adjustments. Narrow down four to firm performance, its weekly performance was -2.71% and monthly performance was -13.50%. The stock price of SM is moving down from its 20 days moving average with -4.56% and isolated negatively from 50 days moving average with -2.53%.
Williams Partners L.P. (NYSE:WPZ) [Trend Analysis] luring active investment momentum, shares an advance 0.92% to $38.38. Williams Partners (WPZ)declared it has reached a key regulatory milestone toward obtaining federal approval to construct its proposed Atlantic Sunrise expansion project – an expansion of the existing Transco natural gas pipeline to connect abundant Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S.
The Federal Energy Regulatory Commission (FERC) on Dec. 30 published its final Environmental Impact Statement (EIS) for the proposed project, concluding that environmental impacts would be reduced to “less than important levels” with the implementation of mitigation measures proposed by the company and FERC. The total volume of 1.36 Million shares held in the session was surprisingly higher than its average volume of 1314.06 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -421.30%, and looking further price to next year’s EPS is 1933.85%. While take a short look on price to sales ratio, that was 3.20.