The most recent trading session ended with SM Energy (SM) standing at $46.40, reflecting a -0.54% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 1.08%. Elsewhere, the Dow saw an upswing of 0.32%, while the tech-heavy Nasdaq appreciated by 1.58%. For the full year, the Zacks Consensus Estimates project earnings of $7.30 per share and a revenue of $2.86 billion, demonstrating changes of +23.94% and +20.39%, respectively, from the preceding year. It's also import ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value ...

Over the past month, shares of this independent oil and gas company have returned -2.1%, compared to the Zacks S&P 500 composite's +1.1% change. During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which SM Energy falls in, has gained 6.6%. The key question now is: What could be the stock's future direction? Revisions to Earnings Estimates Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take t ...

The 2029 Notes will be subject to a "special mandatory redemption" if the consummation of the XCL Acquisition does not occur on or before July 1, 2025, or if the Company notifies the trustee of the 2029 Notes that it will not pursue the consummation of the XCL Acquisition. This press release does not constitute an offer to sell, a solicitation, to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation ...

DENVER, July 18, 2024 /PRNewswire/ -- SM Energy Company ("SM Energy" or "the Company") (NYSE: SM) announced today that, subject to market conditions, it intends to offer $650,000,000.00 aggregate principal amount of its senior notes due 2029 (the "2029 Notes"), and $650,000,000.00 aggregate principal amount of its senior notes due 2032 (the "2032 Notes," and together with the 2029 Notes, the "Notes"). SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on hand and bo ...

The latest trading session saw SM Energy (SM) ending at $46.78, denoting a +1.37% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.64%. Elsewhere, the Dow gained 1.85%, while the tech-heavy Nasdaq added 0.2%. Prior to today's trading, shares of the independent oil and gas company had lost 0.26% over the past month. This has was narrower than the Oils-Energy sector's loss of 8% and lagged the S&P 500's gain of 3.82% in that time. Investors will be eagerly watching for th ...

Bongino Report Early Edition with EvitaSM drops each weekday on most major podcast platforms and is live daily on Rumble. The Cumulus Podcast Network distributes, markets, and monetizes all podcasts from Dan Bongino and the Bongino Report. Westwood One is the exclusive distribution and sales representative for "The Dan Bongino Show" syndicated radio program. Westwood One, the national-facing arm of Cumulus Media (NSDQ: CMLS), offers iconic, nationally syndicated sports, news, and entertainment content to mo ...

Despite the difficulty for new entrants, existing rivalry remains high. The industry is very competitive with numerous companies vying for market share in key regions like the Permian Basin, Eagle Ford, and Bakken formations, where SM Energy Company operates. These companies mainly compete on product efficiency, technological innovation, and operation excellence for lower costs and high profitability during price fluctuations. As we have been seeing with the history of SM Energy Company, mergers and acquisi ...

Supply-Side Considerations Comparing OPEC and IEA Projections The Way Forward for Oil 3 Stocks to Buy OPEC's latest Oil Market Report presents an optimistic view of the global oil market. The organization revised its global economic growth forecast for 2024 slightly higher to 2.9%, attributing this adjustment to strongerthan-expected performance in key economies such as Brazil, Russia, India and China, and a recovery in the eurozone. OPEC maintains its oil demand growth forecast at 2.2 million barrels per d ...

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 ...