(SM) SM Energy - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US78454L1008

Oil, Gas, Natural Gas Liquids

Oil & Gas Exploration & Production
Market Cap in USD: 2,013m

IPO / Inception: 1992-12-16
12m vs SPY: -64.9%

EPS (Earnings per Share)

EPS CAGR: -49.35%
EPS Trend: -44.2%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: -1.32%
Rev. Trend: -12.3%

Last SUE: -0.88
Qual. Beats: 0

Dividends

Dividend Yield	4.16%
Yield on Cost 5y	11.74%
Yield CAGR 5y	165.91%
Payout Consistency	92.5%
Payout Ratio	11.8%

Risk via 5d forecast
Volatility	43.6%
Value at Risk 5%th	72.3%
Relative Tail Risk	0.87%

Reward TTM
Sharpe Ratio	-1.26
Alpha	-85.85
CAGR/Max DD	-0.26

Character TTM
Hurst Exponent	0.313
Beta	1.655
Beta Downside	2.226

Drawdowns 3y
Max DD	64.87%
Mean DD	24.12%
Median DD	16.83%

Description: SM SM Energy January 11, 2026

SM Energy Co (NYSE:SM) is an independent upstream firm focused on acquiring, exploring, developing, and producing oil, natural gas, and natural gas liquids (NGLs) primarily in Texas’s Midland Basin and South Texas. The company, originally incorporated as St. Mary Land & Exploration in 1908, rebranded to SM Energy in 2010 and is headquartered in Denver, Colorado.

Key operating metrics (as of Q4 2023) show a net production of roughly 210 MMcf/d of natural gas and 23 Mbbl/d of oil-equivalent, with a cash-flow conversion rate near 75 % and a debt-to-EBITDA ratio of 2.2×, indicating moderate leverage for an E&P peer. The firm’s performance is tightly linked to regional natural-gas price spreads (WTI-linked NGLs) and the broader macro-trend of U.S. shale output, which is currently constrained by seasonal demand cycles and infrastructure bottlenecks in the Permian-Midland corridor.

For a deeper, data-driven valuation, you may want to explore SM Energy’s metrics on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (727.3m TTM) > 0 and > 6% of Revenue (6% = 196.3m TTM)

FCFTA -0.08 (>2.0%) and ΔFCFTA -14.29pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -15.36% (prev 59.92%; Δ -75.27pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.24 (>3.0%) and CFO 2.14b > Net Income 727.3m (YES >=105%, WARN >=100%)

Net Debt (2.13b) to EBITDA (2.26b) ratio: 0.95 <= 3.0 (WARN <= 3.5)

Current Ratio 0.56 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (115.2m) change vs 12m ago 0.20% (target <= -2.0% for YES)

Gross Margin 37.60% (prev 46.87%; Δ -9.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 38.23% (prev 30.42%; Δ 7.80pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 6.28 (EBITDA TTM 2.26b / Interest Expense TTM 176.2m) >= 6 (WARN >= 3)

Altman Z'' 2.42

(A) -0.06 = (Total Current Assets 633.0m - Total Current Liabilities 1.14b) / Total Assets 9.09b

(B) 0.35 = Retained Earnings (Balance) 3.21b / Total Assets 9.09b

(D) 0.73 = Book Value of Equity 3.21b / Total Liabilities 4.38b

Total Rating: 2.42 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 47.01

1. Piotroski 5.50pt

2. FCF Yield -17.69%

3. FCF Margin -22.41%

4. Debt/Equity 0.49

5. Debt/Ebitda 0.95

6. ROIC - WACC (= 5.25)%

7. RoE 16.21%

8. Rev. Trend -12.31%

9. EPS Trend -44.17%

What is the price of SM shares?

As of January 12, 2026, the stock is trading at USD 17.78 with a total of 4,987,225 shares traded.
Over the past week, the price has changed by -4.36%, over one month by -9.38%, over three months by -21.52% and over the past year by -57.62%.

Is SM a buy, sell or hold?

SM Energy has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SM.

Strong Buy: 6
Buy: 2
Hold: 6
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	32.4	82.3%
Analysts Target Price	32.4	82.3%
ValueRay Target Price	16.8	-5.5%

SM Fundamental Data Overview January 09, 2026

P/E Trailing = 2.7757
P/E Forward = 7.8064
P/S = 0.6356
P/B = 0.427
P/EG = 0.1555
Beta = 1.07
Revenue TTM = 3.27b USD
EBIT TTM = 1.11b USD
EBITDA TTM = 2.26b USD
Long Term Debt = 2.29b USD (from longTermDebt, last quarter)
Short Term Debt = 418.6m USD (from shortLongTermDebt, last quarter)
Debt = 2.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.13b USD (from netDebt column, last quarter)
Enterprise Value = 4.14b USD (2.01b + Debt 2.29b - CCE 162.3m)
Interest Coverage Ratio = 6.28 (Ebit TTM 1.11b / Interest Expense TTM 176.2m)
EV/FCF = -5.65x (Enterprise Value 4.14b / FCF TTM -733.2m)
FCF Yield = -17.69% (FCF TTM -733.2m / Enterprise Value 4.14b)
FCF Margin = -22.41% (FCF TTM -733.2m / Revenue TTM 3.27b)
Net Margin = 22.23% (Net Income TTM 727.3m / Revenue TTM 3.27b)
Gross Margin = 37.60% ((Revenue TTM 3.27b - Cost of Revenue TTM 2.04b) / Revenue TTM)
Gross Margin QoQ = 31.64% (prev 34.15%)
Tobins Q-Ratio = 0.46 (Enterprise Value 4.14b / Total Assets 9.09b)
Interest Expense / Debt = 1.87% (Interest Expense 42.9m / Debt 2.29b)
Taxrate = 24.09% (49.2m / 204.3m)
NOPAT = 839.9m (EBIT 1.11b * (1 - 24.09%))
Current Ratio = 0.56 (Total Current Assets 633.0m / Total Current Liabilities 1.14b)
Debt / Equity = 0.49 (Debt 2.29b / totalStockholderEquity, last quarter 4.71b)
Debt / EBITDA = 0.95 (Net Debt 2.13b / EBITDA 2.26b)
Debt / FCF = -2.91 (negative FCF - burning cash) (Net Debt 2.13b / FCF TTM -733.2m)
Total Stockholder Equity = 4.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.50% (Net Income 727.3m / Total Assets 9.09b)
RoE = 16.21% (Net Income TTM 727.3m / Total Stockholder Equity 4.49b)
RoCE = 16.32% (EBIT 1.11b / Capital Employed (Equity 4.49b + L.T.Debt 2.29b))
RoIC = 11.63% (NOPAT 839.9m / Invested Capital 7.22b)
WACC = 6.37% (E(2.01b)/V(4.31b) * Re(12.02%) + D(2.29b)/V(4.31b) * Rd(1.87%) * (1-Tc(0.24)))
Discount Rate = 12.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.59%
Fair Price DCF = unknown (Cash Flow -733.2m)
EPS Correlation: -44.17 | EPS CAGR: -49.35% | SUE: -4.0 | # QB: 0
Revenue Correlation: -12.31 | Revenue CAGR: -1.32% | SUE: -0.88 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.84 | Chg30d=-0.158 | Revisions Net=+1 | Analysts=8
EPS next Year (2026-12-31): EPS=2.97 | Chg30d=-0.599 | Revisions Net=+0 | Growth EPS=-46.5% | Growth Revenue=+94.9%

Additional Sources for SM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle