SM Energy (SM)

• Market cap: $3.92B
• 1 day: -7.44%
• 5 days: -12.46%
• 1 month: -17.98%
• 3 months: -24.44%
• 6 months: -22.65%
• Year to date: -14.47%
• 1 year: -13.04%
• 5 years: 302.70%
• 10 years: -26.76%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

160% more call options, than puts

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

16% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 57

0% more funds holding in top 10

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

0% less funds holding

Funds holding: 414 [Q3] → 412 (-2) [Q4]

4.66% less ownership

Funds ownership: 105.11% [Q3] → 100.45% (-4.66%) [Q4]

7% less capital invested

Capital invested by funds: $4.81B [Q3] → $4.46B (-$354M) [Q4]

11% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 158

Research analyst outlook

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

• Low target: $45 31% upside
• Avg. target: $51 47% upside
• High target: $57 66% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target	31% upside $45	Hold Maintained	13 Jan 2025
Stephens & Co. Mike Scialla 51% 1-year accuracy 19 / 37 met price target	66% upside $57	Overweight Reiterated	2 Jan 2025
Wells Fargo Hanwen Chang 38% 1-year accuracy 6 / 16 met price target	31% upside $45	Equal-Weight Maintained	17 Dec 2024
Mizuho William Janela 36% 1-year accuracy 9 / 25 met price target	60% upside $55	Outperform Maintained	16 Dec 2024