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 Moves -1.44%: What You Should Know
Read MoreHide Full Article
In the latest close session, SM Energy (SM - Free Report) was down 1.44% at $24.68. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.31%.
The independent oil and gas company's stock has climbed by 5.08% in the past month, exceeding the Oils-Energy sector's gain of 4.53% and the S&P 500's gain of 5.05%.
Investors will be eagerly watching for the performance of SM Energy in its upcoming earnings disclosure. The company is expected to report EPS of $1.24, down 32.97% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $777.04 million, up 22.46% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.67 per share and revenue of $3.24 billion, indicating changes of -16.62% and +20.58%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SM Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% increase. 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 4.42 right now. This represents a discount compared to its industry average Forward P/E of 11.42.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 168, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SM in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SM Energy (SM) Stock Moves -1.44%: What You Should Know
In the latest close session, SM Energy (SM - Free Report) was down 1.44% at $24.68. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.31%.
The independent oil and gas company's stock has climbed by 5.08% in the past month, exceeding the Oils-Energy sector's gain of 4.53% and the S&P 500's gain of 5.05%.
Investors will be eagerly watching for the performance of SM Energy in its upcoming earnings disclosure. The company is expected to report EPS of $1.24, down 32.97% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $777.04 million, up 22.46% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.67 per share and revenue of $3.24 billion, indicating changes of -16.62% and +20.58%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SM Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.28% increase. 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 4.42 right now. This represents a discount compared to its industry average Forward P/E of 11.42.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 168, positioning it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SM in the coming trading sessions, be sure to utilize Zacks.com.