For its second fiscal quarter (ending June 30), SM Energy Co (NYSE: SM) has reported a 45% increase in E.P.S. from $1.26 a year ago to $1.83 in the current quarter. This performance was $0.30 better than the consensus estimate of $1.53. E.P.S. were $6.99 for the latest four quarters through June 30 versus $8.91 for the same period a year ago — a decline of -22%.
Recent Price Action
SM Energy Co (NYSE: SM) stock closed at $38.98 on 8/7/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by above average trading volume at 131% of normal. The stock has declined -14.3% during the last week but has been exceptionally 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 rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. SM Energy has a good Power Rating of 84 and a very high Appreciation Score of 93, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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