SM Energy (SM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the most recent trading session, SM Energy (SM) closed at $45.49, indicating a +0.15% shift from the previous trading day.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
The average of price targets set by Wall Street analysts indicates a potential upside of 26.7% in SM Energy (SM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here is how SM Energy (SM) and TC Energy (TRP) have performed compared to their sector so far this year.
In the most recent trading session, SM Energy (SM) closed at $46.40, indicating a -0.54% shift from the previous trading day.
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.
Zacks.com users have recently been watching SM Energy (SM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the most recent trading session, SM Energy (SM) closed at $46.78, indicating a +1.37% shift from the previous trading day.
SM Energy Company's acquisition of 20,000 net acres in Dawson County and northern Martin Counties is set to enhance its drilling and completion activities. SM Energy Company operates in oil and gas exploration and production, currently undervalued with a target price of $60.13. Worries over the viability of the industry over the long run have dampened valuations, but SM has remained resilient with management successfully expanding exploration.
Following OPEC's robust oil demand view, we believe the space is a good one for investors to take a position in. We suggest buying stocks like SM, SUN and TUWOY.
SM Energy's (SM) promising results in the Austin Chalk from additional well drilling help diversify its portfolio, and reduce regional supply and demand risks.