SM Energy Co (NYSE: SM) has reported earnings for its third fiscal quarter (ending September 30) of $1.89 versus $3.91 for the same period a year ago — a decline of -52%. Relative to the consensus estimate of $1.62, this was a premium of $0.27. For the latest four quarters through September 30, E.P.S. were $6.88 versus $10.48 for the same period a year ago — a decline of -34%.
Recent Price Action
On 11/2/23, SM Energy Co (NYSE: SM) stock enjoyed a large increase of 3.9%, closing at $41.13. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
SM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
SM Energy has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. SM Energy has a very high Appreciation Score of 90 and a very high Power Rating of 98, triggering the Highest Value Trend Rating.
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.
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