SM Energy Company (NYSE:SM) is a low-priced stock with high upside potential. KeyBanc lowered the price target to $28 from $36, but maintains an Overweight rating due to confidence in the Civitas Resources Inc. merger. Q3 2025 saw SM Energy report a net income of $155.1 million, surpassing analyst estimates, with total revenue meeting expectations.

KeyBanc previously skeptical of the merger, now expresses confidence in SM Energy (SM) due to robust free cash flow generation, rapid deleveraging schedule, and disciplined debt management plan. SM Energy is an independent energy company that operates in Texas, acquiring, exploring, developing, and producing oil, gas, and natural gas liquids.

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Read more at Yahoo Finance: KeyBanc Expresses Confidence in SM Energy’s (SM) $12.8B Merger With Civitas Resources