On August 18, SM Energy Co rose 5.04% in regular trading, trading at $35.395/share, with turnover of $93.39 million.

On the news front, Wells Fargo recently upgraded SM Energy from Equalweight to Overweight and raised its price target significantly from $32 to $47, implying substantial upside from current levels. The upgrade follows the company's Q2 earnings report released on August 5, which significantly exceeded market expectations. Adjusted EPS came in at $2.19, beating the consensus estimate of $1.77 by approximately 23.7%, while revenue of $2.5 billion surpassed the $2.004 billion estimate by roughly 24.8%. Additionally, the company raised its second-half production guidance to 435-440 Mboe/D, including 238 Mbbl/D of crude oil, signaling continued operational momentum from the Civitas merger integration.

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