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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) ended the recent trading session at $31.28, demonstrating a -4.72% change from the preceding day's closing price. This change lagged the S&P 500's 1.75% gain on the day. At the same time, the Dow added 1.86%, and the tech-heavy Nasdaq gained 2.54%.
Coming into today, shares of the independent oil and gas company had gained 5.33% in the past month. In that same time, the Oils-Energy sector lost 0.13%, while the S&P 500 lost 1.63%.
The upcoming earnings release of SM Energy will be of great interest to investors. On that day, SM Energy is projected to report earnings of $1.87 per share, which would represent year-over-year growth of 24.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.05 billion, up 158.24% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.3 per share and revenue of $7.56 billion. These totals would mark changes of +34.69% and +139.56%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for SM Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate has moved 5.49% higher. At present, SM Energy boasts a Zacks Rank of #3 (Hold).
Investors should also note SM Energy's current valuation metrics, including its Forward P/E ratio of 4.5. For comparison, its industry has an average Forward P/E of 9.87, which means SM Energy is trading at a discount to the group.
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 109, putting it in the top 45% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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SM Energy (SM) Stock Sinks As Market Gains: What You Should Know
SM Energy (SM - Free Report) ended the recent trading session at $31.28, demonstrating a -4.72% change from the preceding day's closing price. This change lagged the S&P 500's 1.75% gain on the day. At the same time, the Dow added 1.86%, and the tech-heavy Nasdaq gained 2.54%.
Coming into today, shares of the independent oil and gas company had gained 5.33% in the past month. In that same time, the Oils-Energy sector lost 0.13%, while the S&P 500 lost 1.63%.
The upcoming earnings release of SM Energy will be of great interest to investors. On that day, SM Energy is projected to report earnings of $1.87 per share, which would represent year-over-year growth of 24.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.05 billion, up 158.24% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.3 per share and revenue of $7.56 billion. These totals would mark changes of +34.69% and +139.56%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for SM Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, the Zacks Consensus EPS estimate has moved 5.49% higher. At present, SM Energy boasts a Zacks Rank of #3 (Hold).
Investors should also note SM Energy's current valuation metrics, including its Forward P/E ratio of 4.5. For comparison, its industry has an average Forward P/E of 9.87, which means SM Energy is trading at a discount to the group.
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 109, putting it in the top 45% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.