Stock of the Day

July 22, 2019

SM Energy (SM)

$37.54
-$0.68 (-1.8%)
Market Cap: $9.09B

About SM Energy

SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. It has working interests in oil and gas producing wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.

Today's Trend

SM Energy Company (NYSE: SM) is receiving several positive signals that may help explain recent strength in the stock. The latest catalyst is a Zacks Research upgrade to Strong Buy, supported by favorable analyst sentiment, value characteristics and technical momentum.

  • Zacks upgrades SM Energy to Strong Buy: The upgrade reinforces the company’s improving earnings-estimate and valuation outlook, potentially encouraging additional buying from momentum- and quantitative-focused investors. Should Value Investors Buy SM Energy Stock?
  • Added to multiple Zacks Strong Buy lists: SM Energy was included in Zacks’ Strong Buy lists for overall stocks, value stocks and income stocks. The broad-based recognition highlights its combination of earnings momentum, valuation and potential income appeal. New Strong Buy Stocks for October 8th
  • Wall Street sentiment remains favorable: Recent coverage points to optimistic sell-side recommendations, which can support the stock by improving investor confidence and potentially increasing demand. Wall Street Bulls Look Optimistic About SM Energy
  • Technical momentum improved: SM Energy’s shares crossed above their 200-day moving average, a commonly watched bullish technical signal that may attract trend-following investors. SM Energy Share Price Crosses Above 200 Day Moving Average
  • Other Zacks articles compare SM Energy’s year-to-date performance with peers and examine its value profile, but they do not identify a new operational development or material change to earnings guidance. SM Energy’s previously reported earnings and revenue beats provide additional fundamental support, although the stock remains sensitive to oil and gas prices.