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Also traded in: Germany

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 : 4/10

vs
industry
vs
history
Equity-to-Asset 0.39
SM's Equity-to-Asset is ranked lower than
65% of the 423 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.51 vs. SM: 0.39 )
Ranked among companies with meaningful Equity-to-Asset only.
SM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.33  Med: 0.52 Max: 0.82
Current: 0.39
0.33
0.82
Piotroski F-Score: 2
Altman Z-Score: 0.18
Beneish M-Score: -3.45
WACC vs ROIC
13.38%
-15.51%
WACC
ROIC
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 : 4/10

vs
industry
vs
history
Operating Margin % -87.01
SM's Operating Margin % is ranked lower than
64% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -45.13 vs. SM: -87.01 )
Ranked among companies with meaningful Operating Margin % only.
SM' s Operating Margin % Range Over the Past 10 Years
Min: -87.01  Med: 14.61 Max: 46.22
Current: -87.01
-87.01
46.22
Net Margin % -62.24
SM's Net Margin % is ranked lower than
55% of the 429 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -49.17 vs. SM: -62.24 )
Ranked among companies with meaningful Net Margin % only.
SM' s Net Margin % Range Over the Past 10 Years
Min: -62.24  Med: 7.08 Max: 26.41
Current: -62.24
-62.24
26.41
ROE % -41.84
SM's ROE % is ranked lower than
75% of the 420 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.16 vs. SM: -41.84 )
Ranked among companies with meaningful ROE % only.
SM' s ROE % Range Over the Past 10 Years
Min: -34.84  Med: 9.97 Max: 34.21
Current: -41.84
-34.84
34.21
ROA % -13.51
SM's ROA % is ranked lower than
56% of the 496 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.02 vs. SM: -13.51 )
Ranked among companies with meaningful ROA % only.
SM' s ROA % Range Over the Past 10 Years
Min: -12.61  Med: 3.58 Max: 11.91
Current: -13.51
-12.61
11.91
ROC (Joel Greenblatt) % -20.93
SM's ROC (Joel Greenblatt) % is ranked lower than
59% of the 470 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -13.05 vs. SM: -20.93 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.55  Med: 8.61 Max: 24.85
Current: -20.93
-18.55
24.85
3-Year Revenue Growth Rate -22.20
SM's 3-Year Revenue Growth Rate is ranked lower than
59% of the 369 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -18.20 vs. SM: -22.20 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -22.2  Med: 16.9 Max: 47.3
Current: -22.2
-22.2
47.3
GuruFocus has detected 5 Warning Signs with SM Energy Co $SM.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SM's 10-Y Financials

Financials (Next Earnings Date: 2017-05-22 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

SM Guru Trades in Q2 2016

Steven Cohen 100,000 sh (New)
Jeremy Grantham 146,858 sh (+307.94%)
Jim Simons 227,200 sh (+13.03%)
Paul Tudor Jones 8,700 sh (unchged)
FPA Capital Fund -500 sh (unchged)
Arnold Schneider 1,524,250 sh (-33.54%)
FPA Capital Fund 519,903 sh (-34.16%)
First Pacific Advisors 964,063 sh (-35.87%)
Sarah Ketterer 2,105,998 sh (-50.10%)
Paul Tudor Jones 9,794 sh (-59.97%)
» More
Q3 2016

SM Guru Trades in Q3 2016

Jim Simons 603,400 sh (+165.58%)
Steven Cohen 188,511 sh (+88.51%)
Sarah Ketterer 2,272,203 sh (+7.89%)
FPA Capital Fund -500 sh (unchged)
Paul Tudor Jones 7,446 sh (-23.97%)
FPA Capital Fund 363,133 sh (-30.15%)
First Pacific Advisors 645,659 sh (-33.03%)
Jeremy Grantham 26,458 sh (-81.98%)
Arnold Schneider 156,969 sh (-89.70%)
» More
Q4 2016

SM Guru Trades in Q4 2016

Caxton Associates 42,673 sh (New)
Keeley Asset Management Corp 136,027 sh (New)
Steven Cohen 1,281,340 sh (+579.72%)
Paul Tudor Jones 17,885 sh (+140.20%)
Arnold Schneider Sold Out
Jim Simons Sold Out
Jeremy Grantham 25,358 sh (-4.16%)
Sarah Ketterer 2,093,434 sh (-7.87%)
First Pacific Advisors 568,673 sh (-11.92%)
FPA Capital Fund 299,413 sh (-17.55%)
» More
Q1 2017

SM Guru Trades in Q1 2017

FPA Capital Fund 464,453 sh (+55.12%)
» More
» Details

Insider Trades

Latest Guru Trades with SM

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:OTCPK:LNGG, OTCPK:SPGYF, NYSE:CPE, NYSE:JAG, NAS:XOG, NYSE:KOS, NYSE:CWEI, NAS:GPOR, NAS:UPL, NYSE:OAS, NYSE:MTDR, NAS:TELL, OTCPK:PEYUF, NYSE:WLL, NYSE:BSM, NYSE:LPI, OTCPK:PARXF, NYSE:ERF, NAS:VNOM, NAS:CRZO » details
Traded in other countries:SJL.Germany,
Headquarter Location:USA
SM Energy Company is an energy company engaged in the acquisition, exploration, development, and production of oil, gas, and NGLs in onshore North America.

SM Energy 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.

Guru Investment Theses on SM Energy Co

FPA Capital Comments on SM Energy - Jan 30, 2017

SM Energy (NYSE:SM) also detracted from the Fund’s performance in the quarter by 14 basis points. SM declined in the quarter because the company issued a large secondary offering of stock to help pay for a couple of large properties it acquired in the Permian Basin. We agree with management that the Permian Basin offers very attractive oil and gas properties, but these properties will take a couple of years to develop and start producing cash flow for shareholders. In anticipation of a large equity offering, and after benefitting from the stock’s substantial appreciation during 2016, we had already reduced the Fund’s position in the stock by over 60% before the quarter commenced. Notably, SM was up 75% for the year, even after an approximately 11% decline in the fourth quarter.



From FPA Capital's fourth quarter 2016 commentary.



Check out FPA Capital Fund latest stock trades

Top Ranked Articles about SM Energy Co

FPA Capital Buys 2 Beaten-Down Stocks, Energy in Fourth Quarter Fund buys stocks at low points
FPA Capital released its first portfolio update of 2017, disclosing purchase of two new positions and a raft of oil and gas stocks as it adhered to its guideline of selling equities that approach intrinsic value and buying those with a margin of safety and price discount to intrinsic value. Read more...
FPA Capital Comments on SM Energy Guru stock highlight
SM Energy (NYSE:SM) also detracted from the Fund’s performance in the quarter by 14 basis points. SM declined in the quarter because the company issued a large secondary offering of stock to help pay for a couple of large properties it acquired in the Permian Basin. We agree with management that the Permian Basin offers very attractive oil and gas properties, but these properties will take a couple of years to develop and start producing cash flow for shareholders. In anticipation of a large equity offering, and after benefitting from the stock’s substantial appreciation during 2016, we had already reduced the Fund’s position in the stock by over 60% before the quarter commenced. Notably, SM was up 75% for the year, even after an approximately 11% decline in the fourth quarter. Read more...
FPA Capital's Top Performing Second Quarter Sales 7 companies producing high returns
FPA Capital Fund (Trades, Portfolio) has a concentrated portfolio and invests primarily in undervalued small to mid cap companies. During the second quarter of 2016, the firm traded some stocks. The following are the ones with the highest performance since that trade. Read more...
FPA Capital Fund Sells Apollo Education, Helmerich & Payne Largest sales by the fund in second quarter
FPA Capital Fund (Trades, Portfolio) has a concentrated portfolio and invests primarily in undervalued small-to-mid cap companies. During the first quarter, the firm sold shares in the following stocks: Read more...

Ratios

vs
industry
vs
history
PB Ratio 0.88
SM's PB Ratio is ranked higher than
61% of the 420 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.22 vs. SM: 0.88 )
Ranked among companies with meaningful PB Ratio only.
SM' s PB Ratio Range Over the Past 10 Years
Min: 0.3  Med: 2.48 Max: 7.28
Current: 0.88
0.3
7.28
PS Ratio 1.36
SM's PS Ratio is ranked higher than
73% of the 405 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.60 vs. SM: 1.36 )
Ranked among companies with meaningful PS Ratio only.
SM' s PS Ratio Range Over the Past 10 Years
Min: 0.36  Med: 2.38 Max: 4.68
Current: 1.36
0.36
4.68
Price-to-Operating-Cash-Flow 2.98
SM's Price-to-Operating-Cash-Flow is ranked higher than
81% of the 267 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.20 vs. SM: 2.98 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.57  Med: 4.11 Max: 9.96
Current: 2.98
0.57
9.96
EV-to-EBIT -5.18
SM's EV-to-EBIT is ranked lower than
99.99% of the 209 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 16.34 vs. SM: -5.18 )
Ranked among companies with meaningful EV-to-EBIT only.
SM' s EV-to-EBIT Range Over the Past 10 Years
Min: -275.7  Med: 8.9 Max: 103.4
Current: -5.18
-275.7
103.4
EV-to-EBITDA -21.39
SM's EV-to-EBITDA is ranked lower than
99.99% of the 399 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 12.98 vs. SM: -21.39 )
Ranked among companies with meaningful EV-to-EBITDA only.
SM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -548.4  Med: 5.5 Max: 16.1
Current: -21.39
-548.4
16.1
Shiller PE Ratio 50.76
SM's Shiller PE Ratio is ranked lower than
81% of the 79 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 16.38 vs. SM: 50.76 )
Ranked among companies with meaningful Shiller PE Ratio only.
SM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.6  Med: 30.59 Max: 86.44
Current: 50.76
4.6
86.44
Current Ratio 0.54
SM's Current Ratio is ranked lower than
75% of the 480 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.23 vs. SM: 0.54 )
Ranked among companies with meaningful Current Ratio only.
SM' s Current Ratio Range Over the Past 10 Years
Min: 0.54  Med: 1.11 Max: 4.75
Current: 0.54
0.54
4.75
Quick Ratio 0.54
SM's Quick Ratio is ranked lower than
74% of the 479 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.12 vs. SM: 0.54 )
Ranked among companies with meaningful Quick Ratio only.
SM' s Quick Ratio Range Over the Past 10 Years
Min: 0.54  Med: 1.11 Max: 4.75
Current: 0.54
0.54
4.75
Days Sales Outstanding 32.07
SM's Days Sales Outstanding is ranked higher than
80% of the 381 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 55.27 vs. SM: 32.07 )
Ranked among companies with meaningful Days Sales Outstanding only.
SM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.39  Med: 41.05 Max: 58.67
Current: 32.07
23.39
58.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.44
SM's Dividend Yield % is ranked lower than
93% of the 293 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.48 vs. SM: 0.44 )
Ranked among companies with meaningful Dividend Yield % only.
SM' s Dividend Yield % Range Over the Past 10 Years
Min: 0.11  Med: 0.25 Max: 1.21
Current: 0.44
0.11
1.21
Forward Dividend Yield % 0.44
SM's Forward Dividend Yield % is ranked lower than
95% of the 255 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.01 vs. SM: 0.44 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.46
SM's 5-Year Yield-on-Cost % is ranked lower than
91% of the 404 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.73 vs. SM: 0.46 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SM' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.11  Med: 0.25 Max: 1.21
Current: 0.46
0.11
1.21
3-Year Average Share Buyback Ratio -13.40
SM's 3-Year Average Share Buyback Ratio is ranked lower than
61% of the 365 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -9.80 vs. SM: -13.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -13.4  Med: -2.5 Max: 0.9
Current: -13.4
-13.4
0.9

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.88
SM's Price-to-Tangible-Book is ranked higher than
63% of the 393 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.28 vs. SM: 0.88 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.72  Med: 2.21 Max: 3.8
Current: 0.88
0.72
3.8
Price-to-Median-PS-Value 0.57
SM's Price-to-Median-PS-Value is ranked higher than
70% of the 345 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.02 vs. SM: 0.57 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SM' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.36  Med: 1.12 Max: 1.73
Current: 0.57
0.36
1.73
Earnings Yield (Greenblatt) % -19.31
SM's Earnings Yield (Greenblatt) % is ranked lower than
98% of the 565 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.19 vs. SM: -19.31 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1  Med: 9.7 Max: 26.3
Current: -19.31
1
26.3
Forward Rate of Return (Yacktman) % -30.87
SM's Forward Rate of Return (Yacktman) % is ranked lower than
68% of the 169 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -16.11 vs. SM: -30.87 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SM' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -105.7  Med: -3.7 Max: 37.2
Current: -30.87
-105.7
37.2

More Statistics

Revenue (TTM) (Mil) $1,217
EPS (TTM) $ -10.22
Beta3.59
Short Percentage of Float14.49%
52-Week Range $20.01 - 43.09
Shares Outstanding (Mil)111.26

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,249 1,632 2,600
EPS ($) -0.84 0.40 3.83
EPS without NRI ($) -0.84 0.40 3.83
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.10 0.10 0.10
» More Articles for SM

Headlines

Articles On GuruFocus.com
FPA Capital Buys Vista Outdoor, Akorn Apr 19 2017 
FPA Capital Fund Buys 2 Low in Fourth Quarter Apr 11 2017 
SM Energy Declares Semi-Annual Cash Dividend, Announces Participation In IPAA's 23rd OGIS New York C Mar 31 2017 
FPA Capital Comments on SM Energy Jan 30 2017 
Arnold Schneider Adds to Approach Resources Sep 16 2016 
FPA Capital Fund sells Apollo Education, Helmerich & Payne Jul 25 2016 
EnerCom to Host The Oil & Gas Conference(R) 21 in Denver on August 14-18, 2016 Jun 07 2016 
Causeway Global Fund April Commentary May 23 2016 
Causeway Capital Global Value Fund Commentary, Performance Review for February Mar 16 2016 
Arnold Schneider Buys 9 New Stakes in 4th Quarter Feb 22 2016 

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