SM Stock Analysis: SM Energy | NYSE
Oil & Gas E&P | NYSE, USA | Market Cap: 7.388m USD | 12M Return: 72.5% | US78454L1008 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 100M
EPS Trend: -24.2%
Qual. Beats: 0
Rev. Trend: 90.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SM Energy Company is an independent U.S. energy company engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids (NGLs). The company holds working interests in producing wells across four core operating regions: the Midland Basin, South Texas, the Uinta Basin, and the DJ Basin.
The company was founded in 1908 and is headquartered in Denver, Colorado. It was formerly known as St. Mary Land & Exploration Company before adopting its current name in May 2010.
As an independent exploration and production (E&P) company, SM Energy focuses exclusively on upstream activities-finding and bringing hydrocarbons to the surface-rather than midstream transportation, refining, or retail operations. The basins in which it operates are among the most active onshore oil-producing regions in the United States.
- WTI crude prices fluctuate on OPEC+ supply decisions
- Midland Basin production drives oil revenue growth
- Capital returns accelerate as debt declines below target
| Net Income: 938.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 18.47 > 1.0 |
| NWC/Revenue: -19.94% < 20% (prev -15.36%; Δ -4.59% < -1%) |
| CFO/TA 0.17 > 3% & CFO 3.32b > Net Income 938.0m |
| Net Debt (6.17b) to EBITDA (3.92b): 1.58 < 3 |
| Current Ratio: 0.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (239.0m) vs 12m ago 107.4% < -2% |
| Gross Margin: 59.93% > 18% (prev 37.60%; Δ 22.33% > 0.5%) |
| Asset Turnover: 48.97% > 50% (prev 35.99%; Δ 12.98% > 0%) |
| Interest Coverage Ratio: 3.09 > 6 (EBIT TTM 1.98b / Interest Expense TTM 642.9m) |
| A: -0.07 (Total Current Assets 1.82b - Total Current Liabilities 3.19b) / Total Assets 19.0b |
| B: 0.21 (Retained Earnings 3.96b / Total Assets 19.0b) |
| C: 0.14 (EBIT TTM 1.98b / Avg Total Assets 14.0b) |
| D: 0.70 (Book Value of Equity 7.78b / Total Liabilities 11.2b) |
| Altman-Z'' = 1.89 = BBB |
| DSRI: 1.52 (Receivables 1.18b/367.7m, Revenue 6.87b/3.27b) |
| GMI: 0.63 (GM 37.60% / 59.93%) |
| AQI: 42.54 (AQ_t 0.90 / AQ_t-1 0.02) |
| SGI: 2.10 (Revenue 6.87b / 3.27b) |
| TATA: -0.13 (NI 938.0m - CFO 3.32b) / TA 19.0b) |
| Beneish M = 22.48 (Cap -4..+1) = D |
As of November 09, 2026, the stock is trading at USD 29.92 with a total of 3,941,428 shares traded. Over the past week, the price has changed by -25.90%, over one month by -14.76%, over three months by +4.86% and over the past year by +72.47%.
Current recommended Stop Loss: 27.40 (which is 8.4% or 1.4 ATR below the current price).
SM Energy has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SM.
- StrongBuy: 9
- Buy: 2
- Hold: 6
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 46.2 | 54.5% |
P/E Trailing = 6.7375
P/E Forward = 4.0601
P/S = 1.4889
P/B = 1.1164
P/EG = 0.5076
Revenue TTM = 6.87b USD
EBIT TTM = 1.98b USD
EBITDA TTM = 3.92b USD
Long Term Debt = 2.30b USD (from longTermDebt, last fiscal year)
Short Term Debt = 477.0m USD (from shortTermDebt, last fiscal year)
Debt = 6.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.17b USD (calculated: Debt 6.61b - CCE 442.0m)
Enterprise Value = 13.6b USD (7.39b + Debt 6.61b - CCE 442.0m)
Interest Coverage Ratio = 3.09 (Ebit TTM 1.98b / Interest Expense TTM 642.9m)
EV/FCF = 49.71x (Enterprise Value 13.6b / FCF TTM 272.8m)
FCF Yield = 2.01% (FCF TTM 272.8m / Enterprise Value 13.6b)
FCF Margin = 3.97% (FCF TTM 272.8m / Revenue TTM 6.87b)
Net Margin = 13.65% (Net Income TTM 938.0m / Revenue TTM 6.87b)
Gross Margin = 59.93% ((Revenue TTM 6.87b - Cost of Revenue TTM 2.75b) / Revenue TTM)
Gross Margin QoQ = 45.40% (prev 77.76%)
Tobins Q-Ratio = 0.72 (Enterprise Value 13.6b / Total Assets 19.0b)
Interest Expense / Debt = 9.72% (Interest Expense 642.9m / Debt 6.61b)
Taxrate = 24.55% (305.2m / 1.24b)
NOPAT = 1.50b (EBIT 1.98b * (1 - 24.55%))
Current Ratio = 0.57 (Total Current Assets 1.82b / Total Current Liabilities 3.19b)
Debt / Equity = 0.85 (Debt 6.61b / totalStockholderEquity, last quarter 7.78b)
Debt / EBITDA = 1.58 (Net Debt 6.17b / EBITDA 3.92b)
Debt / FCF = 22.63 (Net Debt 6.17b / FCF TTM 272.8m)
Total Stockholder Equity = 6.82b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.69% (Net Income 938.0m / Total Assets 19.0b)
RoE = 13.76% (Net Income TTM 938.0m / Total Stockholder Equity 6.82b)
RoCE = 21.77% (EBIT 1.98b / Capital Employed (Equity 6.82b + L.T.Debt 2.30b))
RoIC = 9.41% (NOPAT 1.50b / Invested Capital 15.9b)
WACC = 7.29% (E(7.39b)/V(14.0b) * Re(7.25%) + D(6.61b)/V(14.0b) * Rd(9.72%) * (1-Tc(0.25)))
Discount Rate = 7.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.44 | Cagr: 38.04%
[DCF] Terminal Value 75.44% ; FCFF base≈272.8m ; Y1≈273.9m ; Y5≈290.1m
[DCF] Fair Price = N/A (negative equity: EV 4.51b - Net Debt 6.17b = -1.66b; debt exceeds intrinsic value)
EPS Correlation: -24.15 | EPS CAGR: -2.52% | SUE: -0.46 | # QB: 0
Revenue Correlation: 90.20 | Revenue CAGR: 40.71% | SUE: 0.74 | # QB: 0
EPS current Quarter (2027-03-31): EPS=2.15 | Chg30d=+14.30% | Revisions=+62% | Analysts=14
EPS current Year (2026-12-31): EPS=8.08 | Chg30d=+8.72% | Revisions=+74% | GrowthEPS=+49.1% | GrowthRev=+149.2%
EPS next Year (2027-12-31): EPS=8.51 | Chg30d=+10.68% | Revisions=+75% | GrowthEPS=+16.3% | GrowthRev=+0.3%
[Analyst] Revisions Ratio: +82% (up=33, down=2)