We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SM Energy (SM) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
SM Energy (SM - Free Report) closed the most recent trading day at $39.81, moving -0.05% from the previous trading session. This change lagged the S&P 500's 1.43% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 0.32%.
Heading into today, shares of the independent oil and gas company had gained 15.95% over the past month, outpacing the Oils-Energy sector's gain of 10.65% and the S&P 500's gain of 5.65% in that time.
Wall Street will be looking for positivity from SM Energy as it approaches its next earnings report date. The company is expected to report EPS of $1.65, up 3400% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $640.76 million, up 44.36% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.67 per share and revenue of $2.59 billion, which would represent changes of +260.54% and -1.16%, respectively, from the prior year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.22% higher. SM Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SM Energy has a Forward P/E ratio of 5.97 right now. This valuation marks a discount compared to its industry's average Forward P/E of 6.77.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
SM Energy (SM) Stock Sinks As Market Gains: What You Should Know
SM Energy (SM - Free Report) closed the most recent trading day at $39.81, moving -0.05% from the previous trading session. This change lagged the S&P 500's 1.43% gain on the day. At the same time, the Dow added 1.02%, and the tech-heavy Nasdaq gained 0.32%.
Heading into today, shares of the independent oil and gas company had gained 15.95% over the past month, outpacing the Oils-Energy sector's gain of 10.65% and the S&P 500's gain of 5.65% in that time.
Wall Street will be looking for positivity from SM Energy as it approaches its next earnings report date. The company is expected to report EPS of $1.65, up 3400% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $640.76 million, up 44.36% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.67 per share and revenue of $2.59 billion, which would represent changes of +260.54% and -1.16%, respectively, from the prior year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 4.22% higher. SM Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SM Energy has a Forward P/E ratio of 5.97 right now. This valuation marks a discount compared to its industry's average Forward P/E of 6.77.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.