SM Energy (SM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Here is how SM Energy (SM) and Texas Pacific (TPL) have performed compared to their sector so far this year.
SM Energy (SM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
With oil remaining at a healthy enough level for market participants, we advise investors to buy stocks like SUN, SM and TUWOY.
By acquiring XCL Resources, SM Energy (SM) would significantly extend its operational footprint into the Uinta Basin.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
SM Energy said on Thursday it had agreed to buy some assets of shale-focused producer XCL Resources for about $2 billion from private-equity firm EnCap Investments, extending its footprint in the Uinta region in Utah.
In the most recent trading session, SM Energy (SM) closed at $49.39, indicating a -0.92% shift from the previous trading day.
Recently, Zacks.com users have been paying close attention to SM Energy (SM). This makes it worthwhile to examine what the stock has in store.
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Here is how SM Energy (SM) and Newpark Resources (NR) have performed compared to their sector so far this year.