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SM Energy
SM

$48.13
0.25%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 17 analysts
0
News positive %
of 18 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

108% more call options, than puts

Call options by funds: $79.6M | Put options by funds: $38.3M

35% more capital invested

Capital invested by funds: $4.25B [Q4 2023] → $5.72B (+$1.48B) [Q1 2024]

31% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 49

17% more funds holding in top 10

Funds holding in top 10: 6 [Q4 2023] → 7 (+1) [Q1 2024]

7.64% more ownership

Funds ownership: 161.07% [Q4 2023] → 168.7% (+7.64%) [Q1 2024]

4% more funds holding

Funds holding: 365 [Q4 2023] → 380 (+15) [Q1 2024]

33% less repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 160

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$42
13%
downside
Avg. target
$53
10%
upside
High target
$65
35%
upside

17 analyst ratings

11 positive
65%
neutral
35%
negative
0%
Stephens & Co.
Mike Scialla
31%upside
$63
Overweight
Initiated
21 Jun 2024
Mizuho
William Janela
29%upside
$62
Buy
Maintained
13 May 2024
RBC Capital
Scott Hanold
12%upside
$54
Sector Perform
Maintained
10 May 2024
Susquehanna
Biju Perincheril
6%upside
$51
Neutral
Maintained
22 Apr 2024
Keybanc
Tim Rezvan
35%upside
$65
Overweight
Maintained
22 Apr 2024

Financial journalist opinion

Based on 18 articles about SM published over the past 30 days