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SM Energy Company

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SM Energy boasts of a diverse asset mix and promising organic production growth outlook. We also appreciate SM’s decision to increase highly productive Permian Basin acreage to boost shareholder’s return. Moreover, its holdings in Bakken, Niobrara, Haynesville and Granite Wash provide multiple years of drilling inventory, indicating robust long-term prospects for the firm. During first-quarter 2017, the company reported solid results following lower operating expenses and higher oil and gas equivalent realized prices. However, the company’s price chart has underperformed the Zacks categorized Oil & Gas – U.S. Exploration & Production industry, year-to-date. On top of that, high debt load on the company’s shoulder is a cause of concern.

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