SM Energy (SM)

• Market cap: $2.52B
• 1 day: -4.39%
• 5 days: -2.31%
• 1 month: -28.20%
• 3 months: -47.42%
• 6 months: -47.75%
• Year to date: -45.17%
• 1 year: -54.92%
• 5 years: 1,250.92%
• 10 years: -59.21%
• Sector: Energy
• Industry: Oil & Gas Exploration & Production

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

160% more call options, than puts

Call options by funds: $76.8M | Put options by funds: $29.5M

25% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 56

1% more funds holding

Funds holding: 414 [Q3] → 420 (+6) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

4% less capital invested

Capital invested by funds: $4.66B [Q3] → $4.46B (-$196M) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 144 | Existing positions reduced: 158

1.21% less ownership

Funds ownership: 101.79% [Q3] → 100.58% (-1.21%) [Q4]

Research analyst outlook

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

• Low target: $33 50% upside
• Avg. target: $41 86% upside
• High target: $55 150% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Keybanc Tim Rezvan 15% 1-year accuracy 7 / 46 met price target	63% upside $36	Overweight Maintained	21 Apr 2025
Stephens & Co. Mike Scialla 25% 1-year accuracy 13 / 52 met price target	150% upside $55	Overweight Maintained	15 Apr 2025
Wells Fargo Hanwen Chang 11% 1-year accuracy 2 / 18 met price target	50% upside $33	Equal-Weight Maintained	25 Mar 2025
JP Morgan Zach Parham 50% 1-year accuracy 10 / 20 met price target	86% upside $41	Neutral Maintained	13 Mar 2025
Raymond James John Freeman 3% 1-year accuracy 1 / 32 met price target	82% upside $40	Outperform Maintained	10 Mar 2025