Stock Rating Upgrade
During the last several trading days the Value Trend Rating for SM Energy Co (NYSE: SM) rose significantly from C to A reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
SM Energy Co (NYSE: SM) stock closed at $45.07 on 3/8/24 after an increase of 1.5%. Trading volume in this advance was normal. The stock has risen 3.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SM is expected to continue to be an important Value Builder.
SM Energy has a current Value Trend Rating of A (Highest Rating). This VT Rating rose significantly in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SM Energy has a good Power Rating of 73 and a very high Appreciation Score of 90, triggering the Highest Value Trend Rating.
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