Susquehanna Reiterates a Hold Rating on SM Energy Company (SM)

SM Energy Company (NYSE:SM) is one of the most oversold energy stocks to buy right now. On July 23, Susquehanna analyst Biju Perincheril maintained a Hold rating on SM Energy Company (NYSE:SM) and set a price target of $27.00.

SM Energy Company (NYSE:SM) reported net production of 17.8 MMBoe, or 197.3 MBoe/d, at 53% oil or 103.7 MBbls/d, in fiscal Q1 2025, at the high end of guidance. Management attributed this performance to the company’s Uinta Basin assets exceeding expectations.

SM Energy Company (NYSE:SM) also reported a 36% growth in total daily production and a 63% rise in daily oil production in Q1 2025 compared to the same quarter last year. This growth was driven primarily by the addition of the Uinta Basin assets.

SM Energy Company (NYSE:SM) is an independent energy company that engages in the exploration, development, acquisition, and production of gas, oil, and natural gas liquids.

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Disclosure: None. This article is originally published at Insider Monkey.