SM Stock Recent News

In the latest trading session, SM Energy (SM) closed at $27.59, marking a +1.62% move from the previous day.

Zacks.com users have recently been watching SM Energy (SM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

While the top- and bottom-line numbers for SM Energy (SM) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

SM Energy (SM) is well positioned to outperform the market, as it exhibits above-average growth in financials.

SM Energy (SM) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

SM Energy (SM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Last September, I recommended going long on SM Energy due to its favorable fundamentals and correlation with WTI oil prices, resulting in a +10% rally by year-end. Currently, technical analysis suggests WTI crude oil is in a downtrend, likely to retest support levels around $67.5/barrel. Geopolitical factors, including OPEC's production decisions, potential easing of sanctions on Russia, and global economic conditions, create downward pressure on oil prices.

SM Energy's Q4 2024 production results were within expectations, although a bit towards the lower end. Production would have been around the midpoint of expectations without Uinta Basin third-party crude takeaway issues. SM is projected to generate $883 million in free cash flow at 2025 strip prices.

SM Energy Company (SM) Q4 2024 Earnings Call Transcript

SM's Q4 earnings beat estimates, driven by increased oil equivalent production volumes partially offset by higher hydrocarbon production expenses.