SM EnergyNYSE: SM

With oil remaining at a healthy enough level for market participants, we advise investors to buy stocks like SUN, SM and TUWOY.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

By acquiring XCL Resources, SM Energy (SM) would significantly extend its operational footprint into the Uinta Basin.

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In the most recent trading session, SM Energy (SM) closed at $49.39, indicating a -0.92% shift from the previous trading day.

Recently, Zacks.com users have been paying close attention to SM Energy (SM). This makes it worthwhile to examine what the stock has in store.

Here is how SM Energy (SM) and Newpark Resources (NR) have performed compared to their sector so far this year.

After losing some value lately, a hammer chart pattern has been formed for SM Energy (SM), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

SM Energy (SM) closed the most recent trading day at $46.27, moving +0.98% from the previous trading session.