SM Energy
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]
0% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 68
1% less funds holding
Funds holding: 416 [Q2] → 412 (-4) [Q3]
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
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target | 4%upside $45 | Hold Maintained | 13 Jan 2025 |
Stephens & Co. Mike Scialla 77% 1-year accuracy 27 / 35 met price target | 32%upside $57 | Overweight Reiterated | 2 Jan 2025 |
Wells Fargo Hanwen Chang 56% 1-year accuracy 9 / 16 met price target | 4%upside $45 | Equal-Weight Maintained | 17 Dec 2024 |
Mizuho William Janela 52% 1-year accuracy 13 / 25 met price target | 27%upside $55 | Outperform Maintained | 16 Dec 2024 |
Susquehanna Biju Perincheril 39% 1-year accuracy 28 / 71 met price target | 6%upside $46 | Neutral Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 11 articles about SM published over the past 30 days
