NYSE:SMOil and Gas
Assessing SM Energy (SM) Valuation After South Texas Asset Sale And Debt Redemption
SM Energy (SM) has just closed a US$950 million sale of its South Texas assets and is using about US$819 million of the proceeds to fully redeem its 2026 Senior Notes at par.
See our latest analysis for SM Energy.
That balance sheet clean up comes after a volatile stretch for the stock, with a 60.96% 90 day share price return and a 59.28% year to date share price return, alongside a 5 year total shareholder return of 87.12%, suggesting momentum has been building over time.
If this kind of...