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. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. While media releases or rumors about a substantial change in a company's ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has SM Energy (SM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. SM Energy is a member of the Oils-Energy sector. This group includes 249 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank includes 16 diffe ...

Core Viewpoint - SM Energy (SM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook for its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - For the fiscal year ending December 2024, SM Energy is expected to earn $6.95 per share, reflecting an 18% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for SM Energy has risen by 16.1% [8]. Investment Implications - The upgrade to Zacks Rank 1 positions SM Energy in the top 5% of Zacks-covered stocks, suggesting potential for stock price appreciation in the near term [10]. - Rising earnings estimates and the corresponding rating upgrade indicate an improvement in SM Energy's underlying business, which could lead to increased investor interest and stock price growth [5][9].

The potential deal, valued at $3 billion, is expected to be announced in the coming days. XCL Resources is currently backed by EnCap Investments, a private equity firm specializing in the energy sector. The acquisition would include 45,000 net acres of XCL Resources' assets in the Uinta Basin, along with daily production rates estimated at 55,000 barrels of oil equivalent. Additionally, XCL Resources owns vital infrastructure for water transportation essential for energy production, which would further enha ...

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Core Viewpoint - Value investing remains a popular strategy that has shown success across various market conditions, focusing on identifying undervalued companies through fundamental analysis [1] Company Summary: SM Energy (SM) - SM Energy holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [2] - The current P/E ratio for SM is 7.03, significantly lower than the industry average of 10.37, suggesting it may be undervalued [2] - SM's Forward P/E has fluctuated between 4.87 and 8.92 over the past year, with a median of 6.41 [2] - The P/CF ratio for SM is 3.94, which is also below the industry average of 7.70, indicating a favorable cash flow outlook [3] - Over the past 52 weeks, SM's P/CF has ranged from 1.90 to 4.21, with a median of 3.03 [3] - SM's P/B ratio stands at 1.54, compared to the industry average of 2.44, further supporting the notion of being undervalued [6] - The P/B ratio has varied between 1.09 and 1.64 over the past year, with a median of 1.39 [6] - Overall, the metrics suggest that SM Energy is likely undervalued, making it a strong candidate for value investors [7]

Cash production margin: Cash production margin is calculated as oil, gas, and NGL revenues (before the effects of commodity derivative settlements), less operating expenses (specifically, LOE, transportation, production taxes, and ad valorem taxes). This calculation excludes derivative settlements, G&A, exploration expense, and DD&A and is reflected on a per BOE basis using net equivalent production for the period presented. The Company believes this metric provides management and the investment community w ...

Shares of the independent oil and gas company have appreciated by 3.72% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.69% and the S&P 500's gain of 2.83%. For the full year, the Zacks Consensus Estimates project earnings of $6.63 per share and a revenue of $2.58 billion, demonstrating changes of +12.56% and +8.86%, respectively, from the preceding year. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance ...

Shares of this independent oil and gas company have returned +3.7% over the past month versus the Zacks S&P 500 composite's +2.8% change. The Zacks Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, has gained 0.5% over this period. Now the key question is: Where could the stock be headed in the near term? Earnings Estimate Revisions Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the lat ...

DENVER, June 24, 2024 /PRNewswire/ -- SM Energy Company (NYSE: SM) today announces that its Board of Directors approved the quarterly cash dividend of $0.18 per share of common stock outstanding. The dividend will be paid on August 5, 2024, to stockholders of record as of the close of business on July 19, 2024. SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas. SM Energy routinely ...