Susquehanna analyst Charles Minervino raised the firm’s price target on SM Energy (SM) to $31 from $30 and keeps a Neutral rating on the shares. The firm updated its model following Q1 results where 2026 guidance was raised as well as raising its synergy targets by $75MM above the high end of the prior range.
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Read More on SM:
- SM Energy Earnings Call Highlights Synergy and Deleveraging
- SM Energy: Strong Q1 Beat and Higher 2026 Outlook, But Hold Rating and $30 Price Target Remain Unchanged as Execution Risks Persist
- SM Energy reports Q1 adjusted EPS $1.55, consensus $1.13
- SM Energy sees Q2 total production 39-41 MMBoe
- SM Energy sees 2026 total production 150-157 MMBoe