SM Energy Company (NYSE:SM) is a top falling stock to buy, per Wall Street analysts, with a 68.56% upside potential. The company plans to merge with Civitas Resources in a $12.8 billion deal, creating a leading oil and gas company with significant free cash flow and value-adding synergies.

The merger will result in a company controlling 823,000 net acres in US shale basins, yielding synergies of $200 to $300 million. SM Energy expects to generate $1.5 billion in free cash flow and $1 billion from divestitures, enhancing trading liquidity and supporting capital returns.

CEO Herb Vogel highlights the strategic combination’s benefits, including enhanced scale, value-adding synergies, and significant free cash flow. SM Energy focuses on acquiring, exploring, and producing crude oil, natural gas, and natural gas liquids in Texas and Utah.

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Read more at Yahoo Finance: Analysts See Nearly 70% Upside for SM Energy (SM) Amid $12.8 Billion Civitas Merger Plans