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SM

SM Energy Company

SM

NYSE·Energy·Oil & Gas Exploration & Production·Mkt cap $6.2B

$26.64

+3.52%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$17.45 - $35.88

P/E

23.16

Fwd P/E

8.56

Beta

0.71

Div Yield

3.26%

Avg Vol

4.5M

Shares Out

115.0M

Mkt Cap

$6.2B

Price action

Price chart

Down 1.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Established operations in prolific Midland Basin and South Texas with 115+ years of operational history
  • Significant proved reserve base of 492 million BOE providing long-term production visibility
  • Large portfolio of productive wells (825 oil wells, 483 gas wells) generating diversified cash flows
  • Strategic acreage positions in core operating areas with infrastructure and development upside

Bear Case

1 risk

  • Low volatility (beta 0.7).

Growth

Strong growth ahead

Increased oil and natural gas prices driving higher revenues and cash generation

Value

Attractively priced below Oil & Gas E&P peer average

Momentum

Weak

-16.0% over 3m

Quality

Strong

Solid business

Dividend

Solid

3.26% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 23, 2026

Q2 26 RECAP

MAY 6, 2026

Reported EPS of $1.55 vs $1.13 consensus (+37.2% surprise). Revenue of $1.5B vs $1.4B expected (+4.3%). Beat on both top and bottom lines.

EPS beat +37.2%
Rev beat +4.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+37.2%

Next: Apr 23, 2026

Revenue trend · last 8Q

+38%

+50%

+24%

+26%

-14%

+76%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$633.5M

$642.4M

$835.9M

$839.6M

$785.1M

$811.0M

$718.3M

$1.5B

Margins · last 8Q

Gross

Operating

Profit

-22.6%

Wall Street consensus

11 analysts · 64% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

7

64%

Hold

4

36%

Sell

0%

Median Price Target

$32.00

+20.1% vs $26.64

Low $29.00
Median $32.00
High $55.00

Latest: Roth Capital · Jun 22, 2026

5 analysts covering

vs Industry

How SM stacks vs Oil & Gas Exploration & Production

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.