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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 : 7/10

vs
industry
vs
history
Cash to Debt 0.15
SM's Cash to Debt is ranked higher than
67% of the 896 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.85 vs. SM: 0.15 )
SM' s 10-Year Cash to Debt Range
Min: 0   Max: No Debt
Current: 0.15

Equity to Asset 0.36
SM's Equity to Asset is ranked higher than
65% of the 899 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.55 vs. SM: 0.36 )
SM' s 10-Year Equity to Asset Range
Min: 0.19   Max: 0.83
Current: 0.36

0.19
0.83
Interest Coverage 4.10
SM's Interest Coverage is ranked higher than
67% of the 584 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 12.73 vs. SM: 4.10 )
SM' s 10-Year Interest Coverage Range
Min: 1.5   Max: 687.91
Current: 4.1

1.5
687.91
F-Score: 7
Z-Score: 2.16
M-Score: -3.61
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 : 9/10

vs
industry
vs
history
Operating margin (%) 16.06
SM's Operating margin (%) is ranked higher than
82% of the 902 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9.14 vs. SM: 16.06 )
SM' s 10-Year Operating margin (%) Range
Min: -15.72   Max: 45.99
Current: 16.06

-15.72
45.99
Net-margin (%) 7.45
SM's Net-margin (%) is ranked higher than
82% of the 902 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.99 vs. SM: 7.45 )
SM' s 10-Year Net-margin (%) Range
Min: -11.94   Max: 28.43
Current: 7.45

-11.94
28.43
ROE (%) 10.64
SM's ROE (%) is ranked higher than
90% of the 993 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.03 vs. SM: 10.64 )
SM' s 10-Year ROE (%) Range
Min: -10.21   Max: 26.69
Current: 10.64

-10.21
26.69
ROA (%) 3.63
SM's ROA (%) is ranked higher than
87% of the 1036 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.95 vs. SM: 3.63 )
SM' s 10-Year ROA (%) Range
Min: -4.77   Max: 17.28
Current: 3.63

-4.77
17.28
ROC (Joel Greenblatt) (%) 9.54
SM's ROC (Joel Greenblatt) (%) is ranked higher than
90% of the 1019 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -0.16 vs. SM: 9.54 )
SM' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.52   Max: 31.42
Current: 9.54

-8.52
31.42
Revenue Growth (%) 25.90
SM's Revenue Growth (%) is ranked higher than
89% of the 711 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 11.40 vs. SM: 25.90 )
SM' s 10-Year Revenue Growth (%) Range
Min: -0.4   Max: 47.3
Current: 25.9

-0.4
47.3
EBITDA Growth (%) 18.80
SM's EBITDA Growth (%) is ranked higher than
88% of the 669 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.20 vs. SM: 18.80 )
SM' s 10-Year EBITDA Growth (%) Range
Min: -26.3   Max: 92.3
Current: 18.8

-26.3
92.3
EPS Growth (%) -6.20
SM's EPS Growth (%) is ranked higher than
78% of the 600 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.30 vs. SM: -6.20 )
SM' s 10-Year EPS Growth (%) Range
Min: 0   Max: 66.7
Current: -6.2

0
66.7
» SM's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

SM Guru Trades in Q3 2013

John Burbank 12,077 sh (New)
Jeremy Grantham 4,000 sh (New)
Columbia Wanger 1,580,600 sh (+12.85%)
Chuck Royce 247,442 sh (unchged)
Ron Baron 497,748 sh (unchged)
FPA Capital Fund 341,900 sh (unchged)
T Boone Pickens Sold Out
Paul Tudor Jones Sold Out
First Pacific Advisors 788,400 sh (-6.98%)
Steven Cohen 1,208,778 sh (-13.65%)
Jim Simons 10,900 sh (-93.44%)
» More
Q4 2013

SM Guru Trades in Q4 2013

Paul Tudor Jones 2,724 sh (New)
Jeremy Grantham 4,400 sh (+10%)
Ron Baron 498,248 sh (+0.1%)
Chuck Royce 247,442 sh (unchged)
Columbia Wanger 1,580,600 sh (unchged)
John Burbank Sold Out
Jim Simons Sold Out
FPA Capital Fund 304,600 sh (-10.91%)
First Pacific Advisors 610,500 sh (-22.56%)
Steven Cohen 222,162 sh (-81.62%)
» More
Q1 2014

SM Guru Trades in Q1 2014

Paul Singer 475,000 sh (New)
Louis Moore Bacon 18,373 sh (New)
Paul Tudor Jones 16,045 sh (+489.02%)
First Pacific Advisors 616,800 sh (+1.03%)
Ron Baron 500,648 sh (+0.48%)
Chuck Royce 247,442 sh (unchged)
Jeremy Grantham Sold Out
FPA Capital Fund 301,500 sh (-1.02%)
Columbia Wanger 1,353,000 sh (-14.4%)
Steven Cohen 61,108 sh (-72.49%)
» More
Q2 2014

SM Guru Trades in Q2 2014

FPA Capital Fund 301,500 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with SM

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
FPA Capital Fund 2013-12-31 Reduce -10.91%0.36%$78.78 - $91.98 $ 76.3-11%304600
John Burbank 2013-12-31 Sold Out 0.03%$78.78 - $91.98 $ 76.3-11%0
John Burbank 2013-09-30 New Buy0.03%$61.82 - $77.69 $ 76.310%12077
George Soros 2012-12-31 Sold Out 0.11%$47.05 - $59.73 $ 76.345%0
Ron Baron 2012-09-30 Reduce -57.98%0.26%$41.8 - $57.78 $ 76.354%600793
George Soros 2012-09-30 New Buy0.11%$41.8 - $57.78 $ 76.354%124000
Ron Baron 2012-06-30 Reduce -36.49%0.35%$44.12 - $70.8 $ 76.330%1429713
George Soros 2011-06-30 Sold Out $62.28 - $77.57 $ 76.312%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

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Guru Investment Theses on SM Energy Co

Baron Funds Comments on SM Energy Co. - Dec 10, 2013

SM Energy Co. (SM) is an independent exploration and production company focused on core plays in the Williston Basin and the Eagle Ford Shale. The company's shares outperformed during the quarter due to continued better than expected production growth from its core plays, which led to higher than expected second quarter results and rising consensus estimates. Furthermore, SM's emerging play investments appear to be yielding positive results, leading to the potential for greater long-term growth visibility.

From Ron Baron's Baron Funds third quarter 2013 commentary.


Check out Ron Baron latest stock trades

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 Co.
SM Energy Co. (SM) is an independent exploration and production company focused on core plays in the Williston Basin and the Eagle Ford Shale. The company's shares outperformed during the quarter due to continued better than expected production growth from its core plays, which led to higher than expected second quarter results and rising consensus estimates. Furthermore, SM's emerging play investments appear to be yielding positive results, leading to the potential for greater long-term growth visibility. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 23.60
SM's P/E(ttm) is ranked higher than
88% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. SM: 23.60 )
SM' s 10-Year P/E(ttm) Range
Min: 4.76   Max: 95.09
Current: 23.6

4.76
95.09
P/B 3.10
SM's P/B is ranked higher than
69% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.78 vs. SM: 3.10 )
SM' s 10-Year P/B Range
Min: 0.67   Max: 7.29
Current: 3.1

0.67
7.29
P/S 2.13
SM's P/S is ranked higher than
89% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.62 vs. SM: 2.13 )
SM' s 10-Year P/S Range
Min: 0.64   Max: 5
Current: 2.13

0.64
5
EV-to-EBIT 14.32
SM's EV-to-EBIT is ranked higher than
91% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 582.01 vs. SM: 14.32 )
SM' s 10-Year EV-to-EBIT Range
Min: 3.9   Max: 103.7
Current: 14.32

3.9
103.7
PEG 0.50
SM's PEG is ranked higher than
96% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. SM: 0.50 )
SM' s 10-Year PEG Range
Min: 0.13   Max: 2.45
Current: 0.5

0.13
2.45
Shiller P/E 63.70
SM's Shiller P/E is ranked higher than
91% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. SM: 63.70 )
SM' s 10-Year Shiller P/E Range
Min: 6.5   Max: 70.34
Current: 63.7

6.5
70.34
Current Ratio 1.12
SM's Current Ratio is ranked higher than
78% of the 1046 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.15 vs. SM: 1.12 )
SM' s 10-Year Current Ratio Range
Min: 0.54   Max: 3.05
Current: 1.12

0.54
3.05
Quick Ratio 1.12
SM's Quick Ratio is ranked higher than
79% of the 1046 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.07 vs. SM: 1.12 )
SM' s 10-Year Quick Ratio Range
Min: 0.54   Max: 3.05
Current: 1.12

0.54
3.05

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.13
SM's Dividend Yield is ranked lower than
93% of the 300 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.41 vs. SM: 0.13 )
SM' s 10-Year Dividend Yield Range
Min: 0.12   Max: 0.74
Current: 0.13

0.12
0.74
Dividend Payout 0.03
SM's Dividend Payout is ranked higher than
82% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. SM: 0.03 )
SM' s 10-Year Dividend Payout Range
Min: 0.03   Max: 3.33
Current: 0.03

0.03
3.33
Yield on cost (5-Year) 0.10
SM's Yield on cost (5-Year) is ranked lower than
92% of the 297 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.50 vs. SM: 0.10 )
SM' s 10-Year Yield on cost (5-Year) Range
Min: 0.12   Max: 0.74
Current: 0.1

0.12
0.74
Share Buyback Rate -1.70
SM's Share Buyback Rate is ranked higher than
88% of the 850 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.90 vs. SM: -1.70 )
SM' s 10-Year Share Buyback Rate Range
Min: 2.5   Max: -9.7
Current: -1.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.10
SM's Price/Tangible Book is ranked higher than
74% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.27 vs. SM: 3.10 )
SM' s 10-Year Price/Tangible Book Range
Min: 0.76   Max: 7.57
Current: 3.1

0.76
7.57
Price/Median PS Value 0.80
SM's Price/Median PS Value is ranked higher than
89% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.20 vs. SM: 0.80 )
SM' s 10-Year Price/Median PS Value Range
Min: 0.27   Max: 1.93
Current: 0.8

0.27
1.93
Price/Graham Number 1.80
SM's Price/Graham Number is ranked higher than
90% of the 1126 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 9999.00 vs. SM: 1.80 )
SM' s 10-Year Price/Graham Number Range
Min: 0.75   Max: 54.43
Current: 1.8

0.75
54.43
Earnings Yield (Greenblatt) 7.00
SM's Earnings Yield (Greenblatt) is ranked higher than
78% of the 701 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 5.90 vs. SM: 7.00 )
SM' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1   Max: 25.7
Current: 7

1
25.7
Forward Rate of Return (Yacktman) -5.79
SM's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 828 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -11.90 vs. SM: -5.79 )
SM' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -8   Max: 50.8
Current: -5.79

-8
50.8

Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P
Compare:OJSCY, APC, APA, HRTPY, SGTZY » details
Traded in other countries:SJL.Germany
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 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 mainly 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.
» More Articles for SM

Headlines

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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 24 2012 
4 Independent Oil Drillers To Acquire Today Mar 09 2012 
St. Mary Land & Exploration Company Reports Operating Results (10-K) Feb 25 2011 
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