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61.59 (1y: +13%)
Market Cap 4.08 B P/E(ttm)
Enterprise Value 5.28 B P/B 2.80
SM- NYSE (USA)
SM Energy Co
  • Currently 2.5/5
Business Predictability Rank: 2.5-Star (On Watch)
Back Testing Results:
Average gain of all 2.5-Star stocks: 7.3% per year.
% of Stocks that are in still loss if held for 10yrs: 18%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$61.59
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.004
SM's Cash to Debt is ranked lower than
272479% of the 367 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.66 vs. SM: 0.004 )
SM' s 10-Year Cash to Debt Range
Min: 0   Max: 1.09
Current: 0
0
1.09
Equity to Asset 0.337
SM's Equity to Asset is ranked lower than
263852% of the 379 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.56 vs. SM: 0.337 )
SM' s 10-Year Equity to Asset Range
Min: 0.33   Max: 0.82
Current: 0.34
0.33
0.82
F-Score: 3
Z-Score: 1.47
M-Score: -3.24
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) -1.30
SM's Operating margin (%) is ranked lower than
478468% of the 209 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 26.60 vs. SM: -1.30 )
SM' s 10-Year Operating margin (%) Range
Min: -15.7   Max: 46
Current: -1.3
-15.7
46
Net-margin (%) -3.6
SM's Net-margin (%) is ranked lower than
495049% of the 202 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 20.10 vs. SM: -3.6 )
SM' s 10-Year Net-margin (%) Range
Min: -11.9   Max: 28.4
Current: -3.6
-11.9
28.4
ROE (%) -3.8
SM's ROE (%) is ranked lower than
505050% of the 198 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9.60 vs. SM: -3.8 )
SM' s 10-Year ROE (%) Range
Min: -10.2   Max: 26.7
Current: -3.8
-10.2
26.7
ROA (%) -1.3
SM's ROA (%) is ranked lower than
505050% of the 198 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.20 vs. SM: -1.3 )
SM' s 10-Year ROA (%) Range
Min: -4.2   Max: 17.3
Current: -1.3
-4.2
17.3
ROC (Joel Greenblatt) (%) -0.60
SM's ROC (Joel Greenblatt) (%) is ranked lower than
518134% of the 193 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9.50 vs. SM: -0.60 )
SM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -6.5   Max: 31.4
Current: -0.6
-6.5
31.4
Revenue Growth (%) 14.8
SM's Revenue Growth (%) is ranked higher than
51% of the 173 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 14.20 vs. SM: 14.8 )
SM' s 10-Year Revenue Growth (%) Range
Min: 2.6   Max: 33.7
Current: 14.8
2.6
33.7
EBITDA Growth (%) 40.6
SM's EBITDA Growth (%) is ranked higher than
76% of the 135 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 21.60 vs. SM: 40.6 )
SM' s 10-Year EBITDA Growth (%) Range
Min: -20.4   Max: 40.6
Current: 40.6
-20.4
40.6
EPS Growth (%) -15
SM's EPS Growth (%) is ranked lower than
1075268% of the 93 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 27.10 vs. SM: -15 )
SM' s 10-Year EPS Growth (%) Range
Min: -15   Max: 256.6
Current: -15
-15
256.6
» SM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

SM Guru Trades in Q2 2012

Jim Simons 667,400 sh (+533.81%)
Steven Cohen 566,905 sh (+349.64%)
First Pacific Advisors 844,300 sh (unchged)
Robert Rodriguez 341,900 sh (unchged)
Louis Moore Bacon Sold Out
Chuck Royce 255,442 sh (-0.47%)
Columbia Wanger 1,168,000 sh (-16.07%)
Ron Baron 1,429,713 sh (-36.49%)
NWQ Managers 38,159 sh (-45.3%)
» More
Q3 2012

SM Guru Trades in Q3 2012

George Soros 124,000 sh (New)
NWQ Managers 38,159 sh (unchged)
Robert Rodriguez 341,900 sh (unchged)
Columbia Wanger 1,167,000 sh (-0.09%)
First Pacific Advisors 821,400 sh (-2.71%)
Chuck Royce 247,842 sh (-2.98%)
Jim Simons 579,400 sh (-13.19%)
Ron Baron 600,793 sh (-57.98%)
Steven Cohen 60,113 sh (-89.4%)
» More
Q4 2012

SM Guru Trades in Q4 2012

Louis Moore Bacon 20,000 sh (New)
Steven Cohen 1,269,321 sh (+2011.56%)
First Pacific Advisors 858,400 sh (+4.5%)
NWQ Managers 38,559 sh (+1.05%)
Robert Rodriguez 341,900 sh (unchged)
Chuck Royce 247,842 sh (unchged)
George Soros Sold Out
Columbia Wanger 988,000 sh (-15.34%)
Ron Baron 487,428 sh (-18.87%)
Jim Simons 416,900 sh (-28.05%)
» More
Q1 2013

SM Guru Trades in Q1 2013

Paul Tudor Jones 4,600 sh (New)
Steven Cohen 3,096,517 sh (+143.95%)
NWQ Managers 67,899 sh (+76.09%)
Columbia Wanger 1,006,600 sh (+1.88%)
First Pacific Advisors 861,800 sh (+0.4%)
Ron Baron 487,465 sh (+0.01%)
Robert Rodriguez 341,900 sh (unchged)
Louis Moore Bacon Sold Out
Chuck Royce 247,442 sh (-0.16%)
Jim Simons 286,700 sh (-31.23%)
» More
» Details

Insider Trades

Latest Guru Trades with SM

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2012-12-31 Sold Out 0.11%$47.05 - $59.73 $ 63.0220%0
Ron Baron 2012-09-30 Reduce -57.98%0.26%$41.8 - $57.78 $ 63.0227%600793
George Soros 2012-09-30 New Buy0.11%$41.8 - $57.78 $ 63.0227%124000
Ron Baron 2012-06-30 Reduce -36.49%0.35%$44.12 - $70.8 $ 63.028%1429713
George Soros 2011-06-30 Sold Out $62.28 - $77.57 $ 63.02-8%0
Robert Rodriguez 2011-03-31 Reduce -5.01%0.14%$56.04 - $74.19 $ 63.02-4%350500
David Dreman 2010-12-31 Sold Out 0.54%$37.96 - $58.9 $ 63.0231%0
Ron Baron 2010-12-31 Add 25.75%0.17%$37.96 - $58.9 $ 63.0231%2388885
George Soros 2010-12-31 New Buy$37.96 - $58.9 $ 63.0231%4100
Robert Rodriguez 2010-03-31 Reduce -24.01%0.4%$31.64 - $37.89 $ 63.0281%388400
Ron Baron 2010-03-31 Add 37.8%0.1%$31.64 - $37.89 $ 63.0281%1619150
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on SM Energy Co

Baron Funds Comments on SM Energy - Aug 23, 2012

From Baron Funds' second quarter commentary:

SM Energy Co. (SM) is an independent exploration & production company with operations largely focused on the Eagle Ford shale and the Williston Basin in the U.S. SM Energy continues to execute on its growth strategy in these two core development areas. However, the sharp decline in oil and natural gas liquids prices has put more pressure on cash flows and, as a result, has severely impacted the company's share price this quarter. We believe SM Energy's net asset value is above its share price, although increased energy production coupled with high inventories and lower energy usage make a near term recovery in its share price less likely. Although we think the company's long term prospects are favorable, we have reduced our SM Energy investment. (Jamie Stone)
Check out Ron Baron latest stock trades

Top Ranked Articles about SM Energy Co

Baron Funds Comments on SM Energy
August 23, 2012
From Baron Funds' second quarter commentary: Read more...

Ratios

vs
industry		 vs
history
P/B 2.80
SM's P/B is ranked lower than
261096% of the 383 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.33 vs. SM: 2.80 )
SM' s 10-Year P/B Range
Min: 0.67   Max: 8.47
Current: 2.8
0.67
8.47
P/S 2.50
SM's P/S is ranked lower than
246305% of the 406 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.30 vs. SM: 2.50 )
SM' s 10-Year P/S Range
Min: 0.64   Max: 5.62
Current: 2.5
0.64
5.62
EV-to-EBIT 12.2
SM's EV-to-EBIT is ranked lower than
403225% of the 248 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 18.14 vs. SM: 12.2 )
SM' s 10-Year EV-to-EBIT Range
Min: 3.9   Max: 47.5
Current: 12.2
3.9
47.5
Shiller P/E 45.1
SM's Shiller P/E is ranked lower than
100% of the Companies
in the Global Oil & Gas E&P industry.

( Industry Median: vs. SM: 45.1 )
SM' s 10-Year Shiller P/E Range
Min: 6.53   Max: 46.4
Current: 45.1
6.53
46.4

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.20
SM's Dividend Yield is ranked lower than
925925% of the 108 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.97 vs. SM: 0.20 )
SM' s 10-Year Dividend Yield Range
Min: 0.12   Max: 0.86
Current: 0.2
0.12
0.86
Yield on cost (5-Year) 0.20
SM's Yield on cost (5-Year) is ranked lower than
862068% of the 116 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.24 vs. SM: 0.20 )
SM' s 10-Year Yield on cost (5-Year) Range
Min: 0.12   Max: 0.86
Current: 0.2
0.12
0.86
Share Buyback Rate -1.1
SM's Share Buyback Rate is ranked lower than
5882347% of the 17 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.60 vs. SM: -1.1 )
SM' s 10-Year Share Buyback Rate Range
Min: 1.8   Max: -6.2
Current: -1.1

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 27.6
SM's Price/Net Current Asset Value is ranked lower than
341297% of the 293 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 22.00 vs. SM: 27.6 )
SM' s 10-Year Price/Net Current Asset Value Range
Min: 12.2   Max: 38.3
Current: 27.6
12.2
38.3
Price/Tangible Book 3
SM's Price/Tangible Book is ranked lower than
267379% of the 374 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. SM: 3 )
SM' s 10-Year Price/Tangible Book Range
Min: 1.1   Max: 4.4
Current: 3
1.1
4.4
Price/Median PS Value 0.9
SM's Price/Median PS Value is ranked lower than
282486% of the 354 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.80 vs. SM: 0.9 )
SM' s 10-Year Price/Median PS Value Range
Min: 0.3   Max: 1.6
Current: 0.9
0.3
1.6
Earnings Yield (Greenblatt) 8.20
SM's Earnings Yield (Greenblatt) is ranked lower than
346020% of the 289 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.10 vs. SM: 8.20 )
SM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.1   Max: 25.7
Current: 8.2
2.1
25.7
Forward Rate of Return (Yacktman) -6.38
SM's Forward Rate of Return (Yacktman) is ranked lower than
1562498% of the 64 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.87 vs. SM: -6.38 )
SM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -9.2   Max: 59.6
Current: -6.38
-9.2
59.6

Business Description

SM Energy Company was founded in 1908 and incorporated in Delaware in 1915. It is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in onshore North America. The Company's assets include leading positions in the Eagle Ford shale and Bakken/Three Forks resource plays, as well as meaningful positions in the Granite Wash, Haynesville shale, and Woodford shale resource plays. It has built a portfolio of onshore properties in the contiguous United States primarily through early entrance into existing and emerging resource plays. This portfolio is comprised of properties with established production and reserves, prospective drilling opportunities, and unconventional resource prospects. The Company faces intense competition from a substantial number of major and independent oil and gas companies, which in some cases have larger technical staffs and greater financial and operational resources than the Company does. Many of these companies not only engage in the acquisition, exploration, development, and production of oil and natural gas reserves, but also have refining operations, market refined products, own drilling rigs and other equipment, and generate electricity. The Company's business is extensively regulated by numerous federal, state, and local laws and governmental regulations.
Company Website
SEC Reports
Industry: Oil & Gas E&P
Compare:OJSCY, APC, APA, HRTPY, SGTZY
Traded in other countries:SJL.Germany
» More Articles for SM

Headlines

Articles On GuruFocus.com
Baron Funds Comments on SM Energy Aug 23 2012 
Weekly Guru Bargains Highlights: PAAS, FMC, SHS, GTI, SM Jul 21 2012 
Robert Rodriguez’s FPA Capital Goes 32% Cash and Buys Only Helmerich & Payne and Devry Apr 19 2012 
5 Oil & Gas Companies To Consider This Year Mar 25 2012 
4 Independent Oil Drillers To Acquire Today Mar 09 2012 
FPA Capital Funds Sells CHRS, PDE, ROSE, BHI, PTEN, RDC, AVT Apr 15 2011 
St. Mary Land & Exploration Company Reports Operating Results (10-K) Feb 25 2011 
Ron Baron Buys Denbury Resources Inc., Aol Inc, Generac Holdings Inc., 3M Company, Sells Watson Wyat May 16 2010 
High Growth Robert Rodriguez Stocks: Mercury General Corp. , St. Mary Land & Exploration Company, Pa Oct 20 2009 
Robert Rodriguez Sells CNX Gas Corp., Cimarex Energy Co., Western Digital Corp., Newfield Exploratio Oct 14 2009 


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