SM Energy (SM)

• Market cap: $4.54B
• 1 day: 2.40%
• 5 days: 6.12%
• 1 month: -10.28%
• 3 months: -5.34%
• 6 months: -10.51%
• Year to date: 1.90%
• 1 year: 1.90%
• 5 years: 254.69%
• 10 years: 3.44%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

About: SM Energy Co 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. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

Employees: 544

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

38% more repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 129

35% more call options, than puts

Call options by funds: $72.8M | Put options by funds: $53.7M

1.49% more ownership

Funds ownership: 103.61% [Q2] → 105.1% (+1.49%) [Q3]

1% less funds holding

Funds holding: 416 [Q2] → 412 (-4) [Q3]

6% less first-time investments, than exits

New positions opened: 68 | Existing positions closed: 72

7% less capital invested

Capital invested by funds: $5.15B [Q2] → $4.81B (-$342M) [Q3]

75% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 1 (-3) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 13% upside
• Avg. target: $53 33% upside
• High target: $60 51% upside

8 analyst ratings

• positive: 4 50%
• neutral: 4 50%
• negative: 0 0%

Stephens & Co. Mike Scialla 47% 1-year accuracy 16 / 34 met price target	44% upside $57	Overweight Reiterated	2 Jan 2025
Wells Fargo Hanwen Chang 33% 1-year accuracy 5 / 15 met price target	13% upside $45	Equal-Weight Maintained	17 Dec 2024
Mizuho William Janela 28% 1-year accuracy 7 / 25 met price target	39% upside $55	Outperform Maintained	16 Dec 2024
Susquehanna Biju Perincheril 20% 1-year accuracy 14 / 71 met price target	16% upside $46	Neutral Maintained	5 Nov 2024
Keybanc Tim Rezvan 32% 1-year accuracy 14 / 44 met price target	51% upside $60	Overweight Maintained	16 Oct 2024