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SM Energy (SM) Stock Sinks As Market Gains: What You Should Know
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SM Energy (SM - Free Report) closed at $29.05 in the latest trading session, marking a -3.3% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.15%. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
The independent oil and gas company's stock has climbed by 26.97% in the past month, exceeding the Oils-Energy sector's gain of 8.53% and the S&P 500's loss of 5.69%.
The upcoming earnings release of SM Energy will be of great interest to investors. The company is predicted to post an EPS of $1.04, indicating a 40.91% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.47 billion, indicating a 73.58% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.81 per share and revenue of $6.83 billion. These totals would mark changes of -29.7% and +116.58%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SM Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.89% higher. Right now, SM Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, SM Energy is presently being traded at a Forward P/E ratio of 7.88. Its industry sports an average Forward P/E of 16.96, so one might conclude that SM Energy is trading at a discount comparatively.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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SM Energy (SM) Stock Sinks As Market Gains: What You Should Know
SM Energy (SM - Free Report) closed at $29.05 in the latest trading session, marking a -3.3% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 1.15%. At the same time, the Dow added 1.38%, and the tech-heavy Nasdaq gained 1.38%.
The independent oil and gas company's stock has climbed by 26.97% in the past month, exceeding the Oils-Energy sector's gain of 8.53% and the S&P 500's loss of 5.69%.
The upcoming earnings release of SM Energy will be of great interest to investors. The company is predicted to post an EPS of $1.04, indicating a 40.91% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.47 billion, indicating a 73.58% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.81 per share and revenue of $6.83 billion. These totals would mark changes of -29.7% and +116.58%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SM Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.89% higher. Right now, SM Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, SM Energy is presently being traded at a Forward P/E ratio of 7.88. Its industry sports an average Forward P/E of 16.96, so one might conclude that SM Energy is trading at a discount comparatively.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 152, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.