Yahoo Finance This Top Oils and Energy Stock is a #1 (Strong Buy): Why It Should Be on Your Radar
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Should You Buy #1 (Strong Buy)-Ranked SM Energy (SM) for Your Portfolio?
SM Energy was upgraded to the Zacks Rank #1 list on April 6, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Denver, CO-based SM Energy Company, previously known as St. Mary Land & Exploration Company, is an independent oil and gas company engaged in the exploration, exploitation, development, acquisition and production of natural gas and crude oil in North America. The company was founded in 1908 and incorporated in Delaware in the year 1915.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.77 to $6.33 per share. SM boasts an average earnings surprise of 14.2%.
Earnings are forecasted to see growth of 7.5% for the current fiscal year, and sales are expected to increase 8.6%.
SM has been moving higher over the past four weeks as well, up 2% compared to the S&P 500's loss of 2%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, SM Energy could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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