When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SM Energy (SM) . SM Energy currently has an average brokerage recommendation (ABR) of 1.79, on ...

SM Energy Co. (SM) is facing falling energy prices as the end of 2024 approaches. Analysts are cutting earnings estimates on this Zacks Rank #5 (Strong Sell) as a result. SM Energy is an independent energy company which explores and produces crude oil, natural gas and NGLs in Texas and Utah. It has a market cap of $5.2 billion. Analysts Cut SM Energy's Earnings Estimates in the Last Month With energy companies which explore and produce crude oil, the price of oil plays a big factor in earnings. Most of thes ...

DENVER, Oct. 9, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE: SM) today announces that it expects to release its third quarter 2024 financial and operating results after market hours on October 31, 2024. See schedule below: October 31, 2024 – After market close, the Company plans to issue its third quarter 2024 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing the third quarter 2024 financial and operating results, and an associated pr ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about SM Energy (SM) . SM Energy currently has an average brokerage recommendation (ABR) of 1.85, on ...

The latest trading session saw SM Energy (SM) ending at $39.97, denoting a +0.4% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.42%. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq gained 0.38%. Coming into today, shares of the independent oil and gas company had lost 12.76% in the past month. In that same time, the Oils-Energy sector lost 2.47%, while the S&P 500 gained 2.06%. The investment community will be closely monitoring the perf ...

SM Energy (SM) is currently considered undervalued, trading at a 3.32x trailing 12-month enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), which is below the broader industry average of 6.99x. It is also cheaper than larger exploration and production players such as EOG Resources Inc (EOG) and ConocoPhillips (COP) , which have respective EV/EBITDA of 5.11X and 5.09X. Zacks Investment Research Image Source: While a discounted valuation can offer a potentially pro ...

In the latest market close, SM Energy (SM) reached $41.53, with a +0.1% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.19%. Elsewhere, the Dow gained 0.09%, while the tech-heavy Nasdaq lost 0.36%. The independent oil and gas company's stock has dropped by 6.34% in the past month, falling short of the OilsEnergy sector's loss of 1.95% and the S&P 500's gain of 2.06%. Market participants will be closely following the financial results of SM Energy ...

SM Energy (SM) closed the latest trading day at $41.49, indicating a +1.32% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%. The the stock of independent oil and gas company has fallen by 7.79% in the past month, lagging the OilsEnergy sector's loss of 2.52% and the S&P 500's gain of 1.27%. The investment community will be paying close attention to the earnings performa ...

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 ...