SM Energy (SM) Advances While Market Declines: Some Information for Investors

SM Energy closed at $37.69, up 1.86% and outperforming the S&P 500's 0.06% decline. The stock is rated Zacks Rank #1 (Strong Buy) with anticipated Q3 EPS of $1.83 (up 37.59% YoY) and revenue of $1.89 billion (up 132.36% YoY). Full-year estimates project $7.55 EPS and $7.38 billion revenue. Trading at a Forward P/E of 4.9, a discount to the industry average of 9.19, SM Energy is positioned favorably ahead of its November 3 earnings report.