Australia markets open in 6 hours 11 minutes
  • ALL ORDS

    7,381.10
    +19.20 (+0.26%)
     
  • AUD/USD

    0.6925
    -0.0100 (-1.43%)
     
  • ASX 200

    7,127.70
    +22.30 (+0.31%)
     
  • OIL

    88.22
    +1.69 (+1.95%)
     
  • GOLD

    1,776.90
    -12.80 (-0.72%)
     
  • BTC-AUD

    33,808.81
    -855.07 (-2.47%)
     
  • CMC Crypto 200

    556.54
    -16.28 (-2.84%)
     

Why SM Energy (SM) is a Top Momentum Stock for the Long-Term

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

SM Energy (SM)

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.

SM boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of SM Energy has seen some interesting price action recently; the stock is down 9.1% over the past one week and up 30.6% over the past four weeks. And in the last one-year period, SM has gained 113.2%. As for the stock's trading volume, 2,358,151.25 shares on average were traded over the last 20 days.

A company's earnings performance is important for momentum investors as well. For fiscal 2022, two analysts revised their earnings estimate higher in the last 60 days for SM, while the Zacks Consensus Estimate has increased $0.18 to $9.16 per share. SM also boasts an average earnings surprise of 133.3%.

SM should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
To read this article on Zacks.com click here.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting