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SM Energy (SM) Stock Sinks As Market Gains: Here's Why
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SM Energy (SM - Free Report) ended the recent trading session at $38.89, demonstrating a -1.54% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
Heading into today, shares of the independent oil and gas company had gained 6.84% over the past month, outpacing the Oils-Energy sector's gain of 4.85% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of SM Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is forecasted to report an EPS of $1.85, showcasing a 39.1% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.93 billion, indicating a 138.11% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.85 per share and revenue of $7.6 billion, which would represent changes of +44.83% and +140.99%, respectively, from the prior year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.66% higher. SM Energy currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, SM Energy currently has a Forward P/E ratio of 5.03. For comparison, its industry has an average Forward P/E of 9.4, 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 industry currently has a Zacks Industry Rank of 35, which puts it in the top 15% 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.
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
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SM Energy (SM) Stock Sinks As Market Gains: Here's Why
SM Energy (SM - Free Report) ended the recent trading session at $38.89, demonstrating a -1.54% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
Heading into today, shares of the independent oil and gas company had gained 6.84% over the past month, outpacing the Oils-Energy sector's gain of 4.85% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of SM Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. The company is forecasted to report an EPS of $1.85, showcasing a 39.1% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.93 billion, indicating a 138.11% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.85 per share and revenue of $7.6 billion, which would represent changes of +44.83% and +140.99%, respectively, from the prior year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.66% higher. SM Energy currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, SM Energy currently has a Forward P/E ratio of 5.03. For comparison, its industry has an average Forward P/E of 9.4, 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 industry currently has a Zacks Industry Rank of 35, which puts it in the top 15% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.