SM Energy stock: Raymond James raises SM Energy stock target to USD 50.00

Published on 10/24/2026 at 02:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raymond James raised its target to USD 50.00 on October 21, 2026. SM Energy stock reports results on November 4, 2026 after a USD 207.0 million loss.

Targets and earnings schedule

Raymond James raised its SM Energy target to USD 50.00 from USD 48.00 on October 21, 2026.
SM Energy disclosed a USD 207.0 million derivative settlement loss for the third quarter on October 14, 2026.
SM Energy is scheduled to report third-quarter 2026 results on November 4, 2026.

SM, US78454L1008, Illustration mit AI erstellt.

SM Energy (ISIN US78454L1008) received a higher Raymond James price target of USD 50.00, up from USD 48.00, on October 21, 2026, according to Markets Insider. The analyst house kept an Outperform rating as the company approaches its third-quarter report.

Target moves ahead of results

The latest target change extends a sequence of bullish revisions around SM Energy. The USD 50.00 objective is USD 2.00 above Raymond James' previous target, a 4.17 percent increase calculated from USD 48.00. The report described the coming quarter as relatively straightforward, giving the target change a clear earnings-season context.

What does the quarter mean?

SM Energy's second-quarter performance provides the operating benchmark. Revenue reached USD 2.50 billion in the quarter ended June 30, 2026, while diluted earnings per share were USD 4.46, according to the standardized financial statements. Adjusted earnings per share were USD 2.19, compared with a USD 1.96 consensus estimate, and revenue exceeded the USD 2.02 billion estimate, according to MarketBeat. That comparison leaves the next report with a high earnings bar.

Three dates shape the story

On August 5, 2026, SM Energy reported USD 2.50 billion in second-quarter revenue and adjusted earnings per share of USD 2.19. On October 14, 2026, the company disclosed a preliminary USD 207.0 million net derivative settlement loss for the third quarter in an SEC filing. On October 21, 2026, Raymond James raised its target from USD 48.00 to USD 50.00.

Next reporting date

SM Energy is scheduled to publish its third-quarter 2026 financial and operating results on November 4, 2026, at 10:00 a.m. ET, according to the company's investor-relations calendar at SM Energy. The date will put the preliminary derivative loss alongside realized commodity prices and the completed quarter.

Valuation and operating risk

SM Energy had a market capitalization of USD 9.5 billion as of October 23, 2026. Its 52-week range was USD 17.45 to USD 41.56 on the same date, placing the upper end USD 8.44 below the Raymond James target. The SEC filing also listed third-quarter realized oil, gas and natural-gas-liquids prices of USD 85.76 per barrel, USD 2.48 per thousand cubic feet and USD 29.40 per barrel for the period ended September 30, 2026. Those figures show why the November report matters: the target revision meets a quarter carrying a material derivatives charge.

SM Energy's next test

The October target increase gives the stock a higher analyst benchmark, while the USD 207.0 million derivative settlement loss supplies a concrete counterweight. Results on November 4, 2026 will show whether operating performance absorbed that charge.

The further course of trading is shown by the continuously updated real-time quote of SM Energy stock.