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An update from SM Energy ( (SM) ) is now available.
On January 27, 2026, SM Energy and Civitas Resources reported that stockholders of both companies overwhelmingly approved all proposals required to complete their previously announced all-stock merger, clearing a major hurdle toward closing the transaction, which is expected to create a larger SM Energy-branded oil and gas producer with expanded scale and a broadened asset base in leading U.S. shale basins. At SM Energy’s special meeting, investors also backed an increase in authorized common shares to 400 million to facilitate the deal, while management from both companies framed the merger as a transformative step that strengthens competitive positioning and is intended to support higher free cash flow, operational synergies and long-term value creation for shareholders, with final voting results to be filed with the U.S. Securities and Exchange Commission.
The most recent analyst rating on (SM) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on SM Energy stock, see the SM Stock Forecast page.
Spark’s Take on SM Stock
According to Spark, TipRanks’ AI Analyst, SM is a Outperform.
The score is driven primarily by a very discounted valuation (low P/E and strong dividend yield) and generally solid profitability/leverage, tempered by negative free cash flow and a weaker longer-term technical trend. Positive merger developments provide an additional, but secondary, tailwind.
To see Spark’s full report on SM stock, click here.
More about SM Energy
SM Energy Company is an independent energy producer focused on the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids, with core operations in Texas and Utah. Civitas Resources is an independent exploration and production company concentrating on crude oil and liquids-rich natural gas from assets in the Permian Basin in Texas and New Mexico and the DJ Basin in Colorado, positioning both firms as significant players in key U.S. shale regions.
Average Trading Volume: 3,200,996
Technical Sentiment Signal: Sell
Current Market Cap: $2.2B
See more data about SM stock on TipRanks’ Stock Analysis page.