SM Energy (SM) Stock

SM Energy (SM) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

SM Energy (SM) reachead $37.82 at the closing of the latest trading day, reflecting a +0.37% change compared to its last close.

In the latest trading session, SM Energy (SM) closed at $37.68, marking a +0.37% 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.

DENVER, Dec. 2, 2024 /PRNewswire/ -- SM Energy Company (NYSE: SM) has announced the appointment of Dr. Ashwin Venkatraman as an independent director and a member of the Audit Committee of the Board of Directors. Board Chairman Julio Quintana expressed his satisfaction, stating that Ashwin's strong academic background and business expertise in technology, artificial intelligence, and engineering related to the oil and gas sector will be valuable to the company.

In the third quarter of 2024, SM Energy's production was better than anticipated and demonstrated effective use of capital. With the acquisition in the Uinta Basin, SM's production has risen above 200,000 BOEPD, and over 50% of that is oil. It is expected that SM will produce $612 million in free cash flow in 2025 if oil prices are in the high $60s.

SM Energy (SM) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.

SM Energy Company reported adjusted earnings of $1.62 per share for the third quarter of 2024, exceeding the Zacks Consensus Estimate of $1.52. However, this figure is lower than the $1.73 reported in the same quarter last year.

SM Energy (SM) reported quarterly earnings of $1.62 per share, which is higher than the Zacks Consensus Estimate of $1.52 per share. This is a decrease compared to earnings of $1.73 per share from the same period last year.