For its first fiscal quarter (ending March 31), SM Energy Co (NYSE: SM) has reported a -31% decline in E.P.S. from $1.63 a year ago to $1.13 in the current quarter. This performance was $-0.58 short of the consensus estimate of $1.71. E.P.S. were $6.41 for the latest four quarters through March 31 versus $10.30 for the same period a year ago — a decline of -38%.
Recent Price Action
On 5/2/24, SM Energy Co (NYSE: SM) stock increased 1.3%, closing at $47.74. However, below average trading volume at 74% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -4.5% during the last week.
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). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. SM Energy has a slightly positive Power Rating of 60 and a very high Appreciation Score of 89, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment