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 sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about SM Energy (SM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. SM Energy currently has an average brokera ...

SM Energy (SM) shares have surged 20.7% year to date (YTD), significantly outperforming the 2.7% growth seen by the broader industry. A key factor behind this growth is the company's strong presence in the Midland Basin, a sub-basin of the Permian. Additionally, SM Energy's recent agreement to acquire assets in the Uinta Basin from XCL Resources marks a shift from its traditional focus on the Permian. Zacks Investment Research Image Source: For investors, the critical consideration is how to position themse ...

SM Energy (SM) closed the last trading session at $46.16, gaining 1.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $57.79 indicates a 25.2% upside potential. The average comprises 14 short-term price targets ranging from a low of $46 to a high of $69, with a standard deviation of $7.17. While the lowest estimate indicates a decline of 0.4% from the current price level, the most ...

SM Energy (SM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this independent oil and gas company have returned -4% over the past month versus the Zacks S&P 500 composite's -3.2% change. The Zacks Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, has lost 7% over this period. Now the key question is: Where could the stock ...

SM Energy Company (SM) reported second-quarter 2024 adjusted earnings of $1.85 per share, which surpassed the Zacks Consensus Estimate of $1.57. The bottom line also increased from the year-ago quarter's figure of $1.28. Total quarterly revenues of $634.5 million increased from $551 million in the year-ago quarter and beat the Zacks Consensus Estimate of $630 million. The strong quarterly results can be attributed to increased oil equivalent production volumes and high average realized price per Boe. Operat ...

SM Energy (SM) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.83%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $1.28 per share when it actually produced earnings of $1.41, delivering a surprise of 10.16%. Over the last four quart ...

SM Energy (SM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 7, 2024, might help the stock move higher if these key numbers are better than expecta ...

Market participants will be closely following the financial results of SM Energy in its upcoming release. The company plans to announce its earnings on August 7, 2024. The company is expected to report EPS of $1.57, up 22.66% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $629.58 million, indicating a 14.31% growth compared to the corresponding quarter of the prior year. SM Energy (SM) closed the most recent trading day at $45.49, moving +0.15% from ...

DENVER, July 24, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces that it expects to release its second quarter 2024 financial and operating results after market hours on August 7, 2024. See schedule below: August 8, 2024 – Please join SM Energy management at 8:00 a.m. Mountain time/10:00 a.m. Eastern time for the second quarter 2024 financial and operating results Q&A session. This discussion will be accessible via: ABOUT THE COMPANY SM ENERGY INVESTOR CONTACTS SOURCE SM En ...

Breaking things down more, SM Energy is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 36 individual companies and currently sits at #76 in the Zacks Industry Rank. This group has gained an average of 4.9% so far this year, so SM is performing better in this area. TC Energy, however, belongs to the Alternative Energy - Other industry. Currently, this 43-stock industry is ranked #186. The industry has moved +30% so far this year. SM Energy and TC Energy coul ...