Siebert Williams Shank & Co. Lifts PT on SM Energy (SM) to $43 From $39

SM Energy Company (NYSE:SM) is one of the top oversold NYSE stocks to buy now. On August 1, analyst Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on SM Energy Company (NYSE:SM), raising the price target to $43.00 from $39.00.

A large oil tanker on the horizon, highlighting the wealth of resources this company brings.

The analyst based the rating on SM Energy Company’s (NYSE:SM) favorable financial metrics and solid operational performance, stating that the company reported a robust quarter with oil production surpassing expectations. This positively affected key financial figures, including Free Cash Flow, EBITDA, and Discretionary Cash Flow per Share (DCFPS).

SM Energy Company (NYSE:SM) reported its fiscal Q2 2025 results on July 31, with adjusted EBITDAX for the quarter reaching $569.6 million, up $83.6 million, or 17%, from $485.9 million in the same period in 2024. The company also reported $113.9 million in adjusted free cash flow.

Sorbara added that despite a rise in capital expenditures, the lower cash taxes and increased production levels are anticipated to support these metrics further, supporting the optimistic outlook.

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.