DENVER, July 18, 2024 /PRNewswire/ -- SM Energy Company ("SM Energy" or "the Company") (NYSE: SM) announced today that, subject to market conditions, it intends to offer $650,000,000.00 aggregate principal amount of its senior notes due 2029 (the "2029 Notes"), and $650,000,000.00 aggregate principal amount of its senior notes due 2032 (the "2032 Notes," and together with the 2029 Notes, the "Notes"). SM Energy intends to use the net proceeds from the offering of the Notes, together with cash on hand and bo ...

The latest trading session saw SM Energy (SM) ending at $46.78, denoting a +1.37% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.64%. Elsewhere, the Dow gained 1.85%, while the tech-heavy Nasdaq added 0.2%. Prior to today's trading, shares of the independent oil and gas company had lost 0.26% over the past month. This has was narrower than the Oils-Energy sector's loss of 8% and lagged the S&P 500's gain of 3.82% in that time. Investors will be eagerly watching for th ...

Bongino Report Early Edition with EvitaSM drops each weekday on most major podcast platforms and is live daily on Rumble. The Cumulus Podcast Network distributes, markets, and monetizes all podcasts from Dan Bongino and the Bongino Report. Westwood One is the exclusive distribution and sales representative for "The Dan Bongino Show" syndicated radio program. Westwood One, the national-facing arm of Cumulus Media (NSDQ: CMLS), offers iconic, nationally syndicated sports, news, and entertainment content to mo ...

Despite the difficulty for new entrants, existing rivalry remains high. The industry is very competitive with numerous companies vying for market share in key regions like the Permian Basin, Eagle Ford, and Bakken formations, where SM Energy Company operates. These companies mainly compete on product efficiency, technological innovation, and operation excellence for lower costs and high profitability during price fluctuations. As we have been seeing with the history of SM Energy Company, mergers and acquisi ...

SM Energy (SM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. While media releases or rumors about a substantial change in a company's ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has SM Energy (SM) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. SM Energy is a member of the Oils-Energy sector. This group includes 249 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank includes 16 diffe ...

Core Viewpoint - SM Energy (SM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook for its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - For the fiscal year ending December 2024, SM Energy is expected to earn $6.95 per share, reflecting an 18% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for SM Energy has risen by 16.1% [8]. Investment Implications - The upgrade to Zacks Rank 1 positions SM Energy in the top 5% of Zacks-covered stocks, suggesting potential for stock price appreciation in the near term [10]. - Rising earnings estimates and the corresponding rating upgrade indicate an improvement in SM Energy's underlying business, which could lead to increased investor interest and stock price growth [5][9].

The potential deal, valued at $3 billion, is expected to be announced in the coming days. XCL Resources is currently backed by EnCap Investments, a private equity firm specializing in the energy sector. The acquisition would include 45,000 net acres of XCL Resources' assets in the Uinta Basin, along with daily production rates estimated at 55,000 barrels of oil equivalent. Additionally, XCL Resources owns vital infrastructure for water transportation essential for energy production, which would further enha ...

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Core Viewpoint - Value investing remains a popular strategy that has shown success across various market conditions, focusing on identifying undervalued companies through fundamental analysis [1] Company Summary: SM Energy (SM) - SM Energy holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [2] - The current P/E ratio for SM is 7.03, significantly lower than the industry average of 10.37, suggesting it may be undervalued [2] - SM's Forward P/E has fluctuated between 4.87 and 8.92 over the past year, with a median of 6.41 [2] - The P/CF ratio for SM is 3.94, which is also below the industry average of 7.70, indicating a favorable cash flow outlook [3] - Over the past 52 weeks, SM's P/CF has ranged from 1.90 to 4.21, with a median of 3.03 [3] - SM's P/B ratio stands at 1.54, compared to the industry average of 2.44, further supporting the notion of being undervalued [6] - The P/B ratio has varied between 1.09 and 1.64 over the past year, with a median of 1.39 [6] - Overall, the metrics suggest that SM Energy is likely undervalued, making it a strong candidate for value investors [7]