Over the past month, shares of this independent oil and gas company have returned -2.1%, compared to the Zacks S&P 500 composite's +1.1% change. During this period, the Zacks Oil and Gas - Exploration and Production - United States industry, which SM Energy falls in, has gained 6.6%. The key question now is: What could be the stock's future direction? Revisions to Earnings Estimates Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take t ...

The 2029 Notes will be subject to a "special mandatory redemption" if the consummation of the XCL Acquisition does not occur on or before July 1, 2025, or if the Company notifies the trustee of the 2029 Notes that it will not pursue the consummation of the XCL Acquisition. This press release does not constitute an offer to sell, a solicitation, to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation ...

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 ...

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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 ...

SM Energy (SM) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...

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 ...