stock outlook shifts amid acquisition By Investing.com
SM Energy Company (NYSE:), an independent energy company engaged in the exploration and production of oil and , has recently undergone significant changes that have reshaped its market outlook. The company’s acquisition of XCL Resources and its strategic shift in focus have prompted analysts to reassess SM Energy’s position in the competitive landscape of the energy sector.
Recent Acquisition and Market Response
In mid-2024, SM Energy completed the acquisition of XCL Resources, a move that was initially viewed as accretive to free cash flow per share. However, the market response to this development was lukewarm, primarily due to guidance suggesting lower Permian production and the perception that SM Energy might no longer be…
