Date | Price Target | Rating | Analyst |
---|---|---|---|
8/21/2024 | Hold → Buy | Tudor, Pickering, Holt & Co. | |
6/25/2024 | $51.00 | Hold | Truist |
6/21/2024 | $63.00 | Overweight | Stephens |
1/31/2024 | $50.00 | Neutral → Buy | Seaport Research Partners |
11/15/2023 | $40.00 | Equal Weight | Wells Fargo |
8/16/2023 | $45.00 → $47.00 | Neutral → Overweight | JP Morgan |
3/1/2023 | $35.00 | Outperform → Market Perform | TD Cowen |
3/1/2023 | $35.00 | Outperform → Market Perform | Cowen |
Tudor, Pickering, Holt & Co. upgraded SM Energy from Hold to Buy
Truist initiated coverage of SM Energy with a rating of Hold and set a new price target of $51.00
Stephens initiated coverage of SM Energy with a rating of Overweight and set a new price target of $63.00
SC 13G/A - SM Energy Co (0000893538) (Subject)
SC 13G/A - SM Energy Co (0000893538) (Subject)
SC 13G/A - SM Energy Co (0000893538) (Subject)
Truist Securities analyst Neal Dingmann maintains SM Energy (NYSE:SM) with a Hold and lowers the price target from $49 to $46.
The offering of the Notes is expected to close on July 25, 2024, subject to customary closing conditions. SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on hand and borrowings under its Credit Agreement, to fund the purchase price for SM Energy's recently announced pending acquisition of certain oil and gas properties, interests, and related assets located in the Uinta Basin from certain entities affiliated with XCL Resources, LLC, to redeem all of its outstanding 5.625% Notes due 2025, and to pay related fees and expenses.
In the last three months, 12 analysts have published ratings on SM Energy (NYSE:SM), offering a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 7 0 0 Last 30D 0 0 1 0 0 1M Ago 0 2 3 0 0 2M Ago 1 0 1 0 0 3M Ago 0 2 2 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $56.58, a high estimate of $65.00, and a low estimate of $49.00. Observing a 6.96% increase, the current average has
DENVER, Sept. 9, 2024 /PRNewswire/ -- SM Energy Company (NYSE:SM) today announced that it has appointed Beth McDonald as its Executive Vice President and Chief Operating Officer, effective as of September 9, 2024. President and Chief Executive Officer Herb Vogel comments: "We are delighted to welcome Beth to our executive team. She is an experienced and respected leader in our industry. Her breadth of experience at Pioneer, including leadership roles in engineering, planning and marketing that spanned both the Permian Basin and Eagle Ford, make her an ideal addition to our team. I look forward to working with Beth to continue our success in Texas and to apply our strengths as a technical l
DENVER, Aug. 7, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) today reported operating and financial results for the second quarter 2024, provided certain full year and third quarter 2024 guidance, and announced that the Company has exercised its option to acquire assets located adjacent to its recently announced XCL Acquisition. Excellent operational execution supported strong second quarter results including: Net production was 14.4 MMBoe, or 158.5 MBoe/d, at 46% oil or 72.7 MBbls/d, which exceeded guidance. Higher than expected oil production and total production were driven largely by better than expected performance from Midland Basin wells and higher than expected oi
DENVER, July 24, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) today announces that it expects to release its second quarter 2024 financial and operating results after market hours on August 7, 2024. See schedule below: August 7, 2024 – After market close, the Company plans to issue its second quarter 2024 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing the second quarter 2024 financial and operating results, and an associated presentation, all of which will be posted to the Company's website at sm-energy.com/investors. August 8, 2024 – Please join SM Energy management at 8:00 a.m. Mountain time/10:00 a.m. Eastern
4 - SM Energy Co (0000893538) (Issuer)
3 - SM Energy Co (0000893538) (Issuer)
4 - SM Energy Co (0000893538) (Issuer)
DENVER, Aug. 7, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) today reported operating and financial results for the second quarter 2024, provided certain full year and third quarter 2024 guidance, and announced that the Company has exercised its option to acquire assets located adjacent to its recently announced XCL Acquisition. Excellent operational execution supported strong second quarter results including: Net production was 14.4 MMBoe, or 158.5 MBoe/d, at 46% oil or 72.7 MBbls/d, which exceeded guidance. Higher than expected oil production and total production were driven largely by better than expected performance from Midland Basin wells and higher than expected oi
DENVER, July 24, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) today announces that it expects to release its second quarter 2024 financial and operating results after market hours on August 7, 2024. See schedule below: August 7, 2024 – After market close, the Company plans to issue its second quarter 2024 financial and operating results, which will include an earnings release, a pre-recorded webcast discussing the second quarter 2024 financial and operating results, and an associated presentation, all of which will be posted to the Company's website at sm-energy.com/investors. August 8, 2024 – Please join SM Energy management at 8:00 a.m. Mountain time/10:00 a.m. Eastern
DENVER, June 27, 2024 /PRNewswire/ -- SM Energy Company (the "Company" or "SM Energy") (NYSE:SM) today announces that it has entered into an agreement to acquire the Uinta Basin oil and gas assets owned by certain entities affiliated with XCL Resources, LLC ("XCL"), a private company backed by EnCap Investments L.P. ("EnCap") and Rice Investment Group ("Rice"), for an unadjusted purchase price of $2.55 billion. Concurrently, Northern Oil and Gas, Inc. (NYSE:NOG) ("Northern") will acquire an undivided twenty percent (20%) of the oil and gas assets of XCL for $510 million, resulting in a $2.04 billion purchase price net to the Company for an undivided 80% interest of the assets (the "XCL Acqui
8-K - SM Energy Co (0000893538) (Filer)
8-K - SM Energy Co (0000893538) (Filer)
8-K - SM Energy Co (0000893538) (Filer)
DENVER, Sept. 9, 2024 /PRNewswire/ -- SM Energy Company (NYSE:SM) today announced that it has appointed Beth McDonald as its Executive Vice President and Chief Operating Officer, effective as of September 9, 2024. President and Chief Executive Officer Herb Vogel comments: "We are delighted to welcome Beth to our executive team. She is an experienced and respected leader in our industry. Her breadth of experience at Pioneer, including leadership roles in engineering, planning and marketing that spanned both the Permian Basin and Eagle Ford, make her an ideal addition to our team. I look forward to working with Beth to continue our success in Texas and to apply our strengths as a technical l
DENVER, Feb. 21, 2024 /PRNewswire/ -- SM Energy Company (the "Company") (NYSE:SM) today announces that Barton R. Brookman has been appointed to serve as an independent director and as a member of the Audit Committee and the Environmental, Social and Governance Committee of the Board of Directors (the "Board"). Julio Quintana, Chairman of the Board, comments: "Bart's background and experience will provide valuable expertise to the SM Energy Board. Bart brings an extensive background in the upstream industry. We welcome Bart and look forward to his advice and insight." Mr. Brookman previously served as President and Chief Executive Officer of PDC Energy, Inc. ("PDC") from January 2015 until P
DENVER, Nov. 24, 2021 /PRNewswire/ -- SM Energy Company (NYSE:SM) today announces that Anita M. Powers has been appointed to serve as a director of the Company. Ms. Powers will serve as an independent director and as a member of the Audit Committee and the Compensation Committee of the Board of Directors. Bill Sullivan, Chairman of the Board, comments, "Anita's background and experience will provide valuable expertise to the SM Energy Board. She brings more than 35 years of industry experience in the geosciences along with specific knowledge of the Permian Basin. We welcome Anita and look forward to her insight and counsel." Ms. Powers retired from Occidental Petroleum Corporation in 2016, w