SM EnergySM
Market Cap: $4.59B
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 Q2 SEC filings by fund managers ($100M+ AUM)
64% more call options, than puts
Call options by funds: $63.4M | Put options by funds: $38.7M
64% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 44
37% more repeat investments, than reductions
Existing positions increased: 170 | Existing positions reduced: 124
7% more funds holding
Funds holding: 384 [Q1] → 412 (+28) [Q2]
15% less capital invested
Capital invested by funds: $5.79B [Q1] → $4.92B (-$868M) [Q2]
43% less funds holding in top 10
Funds holding in top 10: 7 [Q1] → 4 (-3) [Q2]
71.7% less ownership
Funds ownership: 170.67% [Q1] → 98.97% (-71.7%) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Wells Fargo Hanwen Chang 10% 1-year accuracy 1 / 10 met price target | 20%upside $48 | Equal-Weight Maintained | 22 Aug 2024 |
Wells Fargo Hanwen Chang 10% 1-year accuracy 1 / 10 met price target | 25%upside $50 | Equal-Weight Maintained | 26 Jul 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 15%upside $46 | Hold Maintained | 22 Jul 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 35%upside $54 | Sector Perform Reiterated | 9 Jul 2024 |
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 35%upside $54 | Sector Perform Reiterated | 3 Jul 2024 |
Financial journalist opinion
Based on 12 articles about SM published over the past 30 days