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Why SM Energy Company (SM) Could Be Positioned for a Surge

Zacks

SM Energy Company SM is an independent energy company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on SM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Matador Resources could be a solid choice for investors.

Current Quarter Estimates for SM

In the past 30 days, three estimates have gone higher for Matador Resources while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 27 cents a share 30 days ago, to a loss of 23 cents today, a move of 14.8%.

Current Year Estimates for SM

Meanwhile, Matador Resources’ current year figures are also looking quite promising, with three estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.05 a share 30 days ago, to a loss of $1.00 today, a move of 5%.

SM Energy Company Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 10.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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