SM Energy (SM) Analysts See 68.56% Upside Amid $12.8 Billion Civitas Merger Plans

SM Energy Company (NYSE:SM) has a Moderate Buy consensus from 9 analysts, with an average price target of $32.11 and a 68.56% upside from the current $19.05. The company is set to merge with Civitas Resources in a $12.8 billion deal, enhancing its scale and capabilities, and yielding synergies of $200 to $300 million. The merger is expected to result in a combined company controlling about 823,000 net acres across US shale basins.