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SM Energy (SM) has an average rating of overweight and mean price target of $42.20, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
SM Energy (SM) could produce more oil than previously expected through the rest of the year, even as recent asset transactions complicate comparisons in the company's near-term financial results, TPH Energy Research analyst Oliver Huang said in a Friday note.Huang said the independent US oil and gas producer appears positioned to outperform both company guidance and Wall Street expectations on oil production in the coming quarters.The forecast comes after SM Energy completed several portfolio changes, including a partial acquisition tied to Civitas Resources earlier this year and the sale of certain natural gas-focused South Texas assets at the end of April.Despite those moving pieces, TPH estimates Q1 oil production at about 238,500 barrels per day, above the company's guidance range of 228,000 b/d to 235,000 b/d and slightly ahead of broader analyst expectations.For the second half of 2026, the firm expects oil output to average roughly 240,000 b/d, modestly above both company guidance and consensus estimates.TPH also expects SM Energy's capital spending to land toward the high end of its projected annual range as the company continues development activity.The research firm said additional asset sales aimed at reducing debt could serve as a catalyst for the shares. SM Energy is viewed by investors as a company with significant exposure to oil prices because of its relatively high leverage and large crude oil production base, making the stock more sensitive to swings in oil markets.The company's shares have outperformed since oil prices strengthened amid geopolitical tensions and war-related disruptions, supported by what TPH described as a strong first-quarter performance.TPH maintained a "Hold" rating on the stock with a $38 price target.Price: $30.53, Change: $-0.63, Percent Change: -2.02%
SM Energy (SM) has an average rating of overweight and mean price target of $41.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
SM Energy (SM) is seeing its integration of Civitas execute ahead of plan, with stronger production and a favorable commodity price environment helping the company reduce debt and accelerate share buybacks, RBC Capital Markets said in a Friday note.RBC said SM Energy produced 371 thousand barrels of oil equivalent per day, or Mboe/d, in Q1, just two months operating as a combined company. That came in 6% above the midpoint of guidance.Capital spending was 12% below plan at $672 million, while management raised its full-year production midpoint to about 420 Mboe/d, the firm said.RBC said the faster-than-expected integration supports a higher free cash flow profile as one-time integration costs begin to fade.Analysts also noted SM Energy has "an attractive value proposition" and a significant upside potential with a positive rate of change.RBC maintained its sector perform rating on SM Energy and $40 price target.Price: $33.40, Change: $+0.81, Percent Change: +2.49%
SM Energy Company (SM) reported Q1 earnings on Wednesday, showing net production volumes of 33.4 million barrels of oil equivalent, up from 17.8 mmboe a year earlier following the Civitas Resources merger.Oil production volumes increased to 17.1 mmbbl for the quarter ended March 31, up from 9.3 mmbbl a year earlier.Natural gas production climbed to 72.4 billion cubic feet for the quarter from 36.4 Bcf a year earlier.Natural gas liquids production rose to 4.2 mmbbl for Q1, compared with 2.4 mmbbl a year earlier.SM Energy completed its merger with Civitas Resources on Jan. 30, 2026, adding Permian and DJ Basin assets.SM Energy raised its full-year 2026 production guidance to 150 mmboe to 157 mmboe and an average daily total production of 410,000 boe per day to 430,000 boe/d.SM Energy maintained its 2026 capital expenditure plan at $2.65 billion to $2.85 billion and expects to drill about 245 net wells during the year.SM Energy completed the $950 million sale of certain South Texas assets on Apr. 30 and plans to use about $900 million of net proceeds to retire outstanding 2026 senior notes.Price: $27.50, Change: $-1.08, Percent Change: -3.78%
SM Energy (SM) reported Q1 adjusted earnings late Wednesday of $1.55 per diluted share, down from $1.76 a year earlier.Analysts polled by FactSet expected $1.12.Revenue for the three months ended March 31 was $1.48 billion, up from $845 million a year earlier.Analysts surveyed by FactSet expected $1.42 billion.
