Siebert keeps USD 60 target for SM Energy stock amid hedge loss

Published on 10/20/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Siebert kept a Buy rating and USD 60.00 target on October 19, 2026. SM Energy stock costs EUR 35.30 on October 20, 2026.

Upcoming reporting dates

Siebert Williams Shank kept a Buy rating and USD 60.00 target on October 19, 2026.
SM Energy estimated a USD 207.0 million derivative settlement loss for the third quarter of 2026.
SM Energy stock trades at EUR 35.30 at 1:09 p.m. CEST at Lang & Schwarz on October 20, 2026.

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SM Energy stock received a maintained Buy rating and a USD 60.00 target from Siebert Williams Shank on October 19, 2026, according to Markets Insider. At 1:09 p.m. CEST, the stock was trading at EUR 35.30 at Lang & Schwarz on October 20, 2026.

Hedge costs shape the next report

SM Energy said in an October 14, 2026 filing that it anticipated a USD 207.0 million net derivative settlement loss for the third quarter of 2026. The estimate covers settled commodity hedges and excludes changes in the value of open positions, which will be included with the results. The company also reported realized third-quarter prices of USD 85.76 per barrel for oil, USD 2.48 per Mcf for gas and USD 29.40 per barrel for natural gas liquids in the filing by the SEC.

What does the hedge loss mean?

The derivative estimate is a material earnings variable ahead of the report, while the operating-price figures show the commodity backdrop entering the quarter. For comparison, SM Energy reported USD 2.50 billion in second-quarter 2026 revenue and adjusted earnings per share of USD 2.19, according to MarketBeat. The next filing will show how the settlement loss and open-position changes affected reported earnings.

Three events set the timeline

On September 15, 2026, KeyCorp raised its SM Energy target from USD 39.00 to USD 46.00, according to MarketBeat. On October 14, 2026, SM Energy disclosed the USD 207.0 million derivative settlement estimate. On October 19, 2026, Siebert Williams Shank maintained its Buy rating and USD 60.00 target.

Dates for the next release

SM Energy plans to release third-quarter 2026 financial and operating results after the market closes on November 3, 2026, and will hold its conference call on November 4, 2026, according to the company's press release.

Stock price and reporting risk

The upcoming results will put the hedge settlement estimate alongside production and realized-price data. The stock's euro quotation remains the immediate reference for German investors.

SM Energy was trading at EUR 35.30 at Lang & Schwarz on October 20, 2026 at 1:09 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of SM Energy stock.