SM Energy (SM) Soars 8.3%: Is Further Upside Left in the Stock?

SM Energy (SM) shares soared 8.3% in the last trading session to close at $30.04. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 18.2% gain over the past four weeks.The surge can be attributed to SM Energy’s oil-focused operations in the prolific basins of the United States, including the Permian Basin, Uinta Basin and Eagle Ford regions. Its recent merger with Civitas Resources reinforces its position as a leading, independent ...