Raymond James Upgrades SM Energy Amid Strong Oil Price Performance

SM Energy shares have surged nearly 84% in 2026 due to rising oil prices linked to the U.S.-Iran war. Raymond James upgraded the stock from underperform to outperform, citing strong cash flow and debt reduction following its merger with Civitas Resources.

By Liz Napolitano · CNBC · May 20, 2026, 10:49 UTC

Raymond James Upgrades SM Energy Amid Strong Oil Price Performance

Tickers: $CVI $SM

Topics: energy sector oil prices Raymond James stock upgrade

Read the full article at CNBC

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