Benzinga | Nov 16, 2020 11:57AM EST

Why SM Energy's Stock Is Trading Higher Today

SM Energy Co (NYSE:SM) shares are trading higher on Monday after the company reaffirmed its borrowing base and announced an agreement for South Texas well completions.

SM Energy is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities.

SM Energy shares were trading up 12.71% at $2.66 at last check Monday. The stock has a 52-week high of $12.40 and a 52-week low of 90 cents.