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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
Cash-to-Debt 0.15
SM's Cash-to-Debt is ranked lower than
69% of the 463 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.49 vs. SM: 0.15 )
Ranked among companies with meaningful Cash-to-Debt only.
SM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0  Med: 0.18 Max: No Debt
Current: 0.15
0
No Debt
Equity-to-Asset 0.39
SM's Equity-to-Asset is ranked lower than
69% of the 423 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.56 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: 0.19  Med: 0.49 Max: 0.83
Current: 0.39
0.19
0.83
Debt-to-Equity 1.21
SM's Debt-to-Equity is ranked lower than
79% of the 300 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.45 vs. SM: 1.21 )
Ranked among companies with meaningful Debt-to-Equity only.
SM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01  Med: 0.33 Max: 1.93
Current: 1.21
0.01
1.93
Debt-to-EBITDA 11.71
SM's Debt-to-EBITDA is ranked lower than
91% of the 248 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.20 vs. SM: 11.71 )
Ranked among companies with meaningful Debt-to-EBITDA only.
SM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -11.48  Med: 1.18 Max: 11.71
Current: 11.71
-11.48
11.71
Piotroski F-Score: 6
Altman Z-Score: 0.59
Beneish M-Score: -3.30
WACC vs ROIC
14.36%
-4.67%
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 : 5/10

vs
industry
vs
history
Operating Margin % -30.12
SM's Operating Margin % is ranked lower than
64% of the 426 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.94 vs. SM: -30.12 )
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: -30.12
-87.01
46.22
Net Margin % -28.71
SM's Net Margin % is ranked lower than
61% of the 426 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -7.57 vs. SM: -28.71 )
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: -28.71
-62.24
26.41
ROE % -14.13
SM's ROE % is ranked lower than
65% of the 434 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -4.83 vs. SM: -14.13 )
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: -14.13
-34.84
34.21
ROA % -5.42
SM's ROA % is ranked lower than
53% of the 502 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.90 vs. SM: -5.42 )
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: -5.42
-12.61
11.91
ROC (Joel Greenblatt) % -6.55
SM's ROC (Joel Greenblatt) % is ranked lower than
55% of the 468 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -3.97 vs. SM: -6.55 )
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: -6.55
-18.55
24.85
3-Year Revenue Growth Rate -22.20
SM's 3-Year Revenue Growth Rate is ranked lower than
51% of the 371 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -21.20 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 4 Warning Signs with SM Energy Co SM.
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» SM's 30-Y Financials

Financials (Next Earnings Date: 2018-02-22)


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

» Details

Guru Trades

Q1 2017

SM Guru Trades in Q1 2017

Jim Simons 133,700 sh (New)
Sarah Ketterer 6,909,664 sh (+230.06%)
First Pacific Advisors 915,253 sh (+60.95%)
FPA Capital Fund 464,453 sh (+55.12%)
Jeremy Grantham 28,358 sh (+11.83%)
Paul Tudor Jones Sold Out
Caxton Associates Sold Out
Steven Cohen 605,000 sh (-52.78%)
» More
Q2 2017

SM Guru Trades in Q2 2017

Jim Simons 737,000 sh (+451.23%)
First Pacific Advisors 1,724,380 sh (+88.40%)
FPA Capital Fund 837,440 sh (+80.31%)
Sarah Ketterer 9,721,824 sh (+40.70%)
Jeremy Grantham 28,358 sh (unchged)
Steven Cohen 32,800 sh (-94.58%)
» More
Q3 2017

SM Guru Trades in Q3 2017

Steven Cohen 498,800 sh (+1420.73%)
First Pacific Advisors 1,880,100 sh (+9.03%)
FPA Capital Fund 876,610 sh (+4.68%)
Jeremy Grantham Sold Out
Sarah Ketterer 8,867,304 sh (-8.79%)
Jim Simons 143,600 sh (-80.52%)
» More
Q4 2017

SM Guru Trades in Q4 2017

Pioneer Investments 6,071 sh (New)
Jim Simons 473,200 sh (+229.53%)
FPA Capital Fund 867,115 sh (-1.08%)
Sarah Ketterer 8,634,955 sh (-2.62%)
First Pacific Advisors 1,790,607 sh (-4.76%)
Steven Cohen 125,500 sh (-74.84%)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
FPA Capital Fund 2017-12-31 Reduce -1.08%0.06%$16.98 - $22.94 $ 19.31-4%867,115
FPA Capital Fund 2017-09-30 Add 4.68%0.23%$12.79 - $18.77 $ 19.3124%876,610
FPA Capital Fund 2017-06-30 Add 80.31%1.71%$14.1 - $24.02 $ 19.31-3%837,440
FPA Capital Fund 2017-03-31 Add 55.12%0.79%$20.75 - $36.08 $ 19.31-30%464,453
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Oil & Gas - E&P » Oil & Gas E&P    NAICS: 211111    SIC: 1311
Compare:LSE:TLWN, NAS:VNOM, NYSE:KOS, NYSE:SWN, NYSE:JAG, TSX:ERF, NYSE:WLL, MIC:RNFT, NAS:TELL, SZSE:002221, NAS:XOG, XTAE:DEDR, TSX:WCP, NYSE:CPE, NYSE:OAS, NYSE:CNX, NYSE:LPI, ASX:BPT, TSX:PXT, NAS:GPOR » 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 natural gas liquids 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

SM Energy Schedules Fourth Quarter And Full Year 2017 Earnings Release And Call
FPA: 5 Reasons Oil Bears Are Wrong FPA Capital, which achieved 13% annualized returns since 1984, just published its 4th-quarter commentary, taking a bullish stance on oil
The FPA Capital Fund (TradesPortfolio)'s Arik Ahitov just sent out its fourth-quarter 2017 commentary. It is an extremely interesting piece because of the firm's variant view on energy. Ahitov sees oil going higher and believes energy stocks are lagging fundamental developments in reality because investors are overly bearish, if not apathetic. He is not wrong, oil has quietly doubled up from its lows. However, energy is the cheapest industry within the S&P 500. It is also one of few industries where insiders are buying at a healthy clip. All this data is tracked by GuruFocus. FPA looks at five important bear arguments on oil and discredits them all: Read more...
SM Energy Announces Agreement To Sell 112,200 Acre Leasehold In The Powder River Basin For $500 Million
SM Energy Declares Semi-Annual Cash Dividend, Announces Participation In Upcoming Investor Conference, And Schedules Third Quarter 2017 Earnings Release And Call
SM Energy Update On Effects Of Hurricane Harvey
SM Energy Schedules Second Quarter 2017 Earnings Release And Call
SM Energy Announces Participation In Upcoming Investor Conferences
SM Energy Announces Operations Update - Increasing Production Guidance And Positive Early Viper Well Results
Sarah Ketterer Gains 4 Stocks in 1st Quarter Guru releases quarterly portfolio
Causeway Capital Management’s Sarah Ketterer (Trades, Portfolio) gained four new stocks in the first quarter. They are Canadian Pacific Railway Ltd. (NYSE:CP), Flowserve Corp. (NYSE:FLS), Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) and SodaStream International Ltd. (NASDAQ:SODA). Read more...
SM Energy Announces Update On Divestiture Process

Ratios

vs
industry
vs
history
PB Ratio 0.89
SM's PB Ratio is ranked higher than
63% of the 432 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.31 vs. SM: 0.89 )
Ranked among companies with meaningful PB Ratio only.
SM' s PB Ratio Range Over the Past 10 Years
Min: 0.3  Med: 2.26 Max: 7.28
Current: 0.89
0.3
7.28
PS Ratio 1.73
SM's PS Ratio is ranked higher than
66% of the 400 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.80 vs. SM: 1.73 )
Ranked among companies with meaningful PS Ratio only.
SM' s PS Ratio Range Over the Past 10 Years
Min: 0.36  Med: 2.25 Max: 4.68
Current: 1.73
0.36
4.68
Price-to-Operating-Cash-Flow 3.99
SM's Price-to-Operating-Cash-Flow is ranked higher than
66% of the 276 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 6.27 vs. SM: 3.99 )
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 Max: 9.97
Current: 3.99
0.57
9.97
EV-to-EBIT -13.24
SM's EV-to-EBIT is ranked lower than
99.99% of the 214 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.78 vs. SM: -13.24 )
Ranked among companies with meaningful EV-to-EBIT only.
SM' s EV-to-EBIT Range Over the Past 10 Years
Min: -278.7  Med: 8.4 Max: 103.4
Current: -13.24
-278.7
103.4
EV-to-EBITDA 18.64
SM's EV-to-EBITDA is ranked lower than
82% of the 288 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 8.18 vs. SM: 18.64 )
Ranked among companies with meaningful EV-to-EBITDA only.
SM' s EV-to-EBITDA Range Over the Past 10 Years
Min: -548.4  Med: 5.6 Max: 22
Current: 18.64
-548.4
22
EV-to-Revenue 3.95
SM's EV-to-Revenue is ranked higher than
51% of the 414 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 4.09 vs. SM: 3.95 )
Ranked among companies with meaningful EV-to-Revenue only.
SM' s EV-to-Revenue Range Over the Past 10 Years
Min: 1  Med: 3.1 Max: 5.3
Current: 3.95
1
5.3
Shiller PE Ratio 453.08
SM's Shiller PE Ratio is ranked lower than
100% of the 78 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 13.57 vs. SM: 453.08 )
Ranked among companies with meaningful Shiller PE Ratio only.
SM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 4.6  Med: 30.63 Max: 671
Current: 453.08
4.6
671
Current Ratio 1.53
SM's Current Ratio is ranked higher than
58% of the 484 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.21 vs. SM: 1.53 )
Ranked among companies with meaningful Current Ratio only.
SM' s Current Ratio Range Over the Past 10 Years
Min: 0.54  Med: 1.13 Max: 4.75
Current: 1.53
0.54
4.75
Quick Ratio 1.53
SM's Quick Ratio is ranked higher than
60% of the 484 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.13 vs. SM: 1.53 )
Ranked among companies with meaningful Quick Ratio only.
SM' s Quick Ratio Range Over the Past 10 Years
Min: 0.54  Med: 1.13 Max: 4.75
Current: 1.53
0.54
4.75
Days Sales Outstanding 45.61
SM's Days Sales Outstanding is ranked higher than
50% of the 375 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 45.63 vs. SM: 45.61 )
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: 45.61
23.39
58.67

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.52
SM's Dividend Yield % is ranked lower than
95% of the 317 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.32 vs. SM: 0.52 )
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: 0.52
0.11
1.21
Forward Dividend Yield % 0.47
SM's Forward Dividend Yield % is ranked lower than
96% of the 283 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 3.80 vs. SM: 0.47 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.52
SM's 5-Year Yield-on-Cost % is ranked lower than
91% of the 427 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 2.39 vs. SM: 0.52 )
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: 0.52
0.11
1.21
3-Year Average Share Buyback Ratio -13.40
SM's 3-Year Average Share Buyback Ratio is ranked lower than
57% of the 372 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -11.00 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 0.89
SM's Price-to-Tangible-Book is ranked higher than
66% of the 409 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 1.40 vs. SM: 0.89 )
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: 2.2 Max: 7.56
Current: 0.89
0.72
7.56
Price-to-Median-PS-Value 0.76
SM's Price-to-Median-PS-Value is ranked higher than
53% of the 345 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 0.84 vs. SM: 0.76 )
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: 0.32  Med: 1.22 Max: 2.36
Current: 0.76
0.32
2.36
Earnings Yield (Greenblatt) % -7.54
SM's Earnings Yield (Greenblatt) % is ranked lower than
65% of the 501 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -1.47 vs. SM: -7.54 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -29.3  Med: 6.3 Max: 26.4
Current: -7.54
-29.3
26.4
Forward Rate of Return (Yacktman) % -32.20
SM's Forward Rate of Return (Yacktman) % is ranked lower than
72% of the 184 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: -15.43 vs. SM: -32.20 )
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: -105.5  Med: -3.9 Max: 37.2
Current: -32.2
-105.5
37.2

More Statistics

Revenue (TTM) (Mil) $1,129.38
EPS (TTM) $ -1.44
Beta3.89
Short Percentage of Float17.42%
52-Week Range $12.29 - 28.55
Shares Outstanding (Mil)111.69

Analyst Estimate

Dec18 Dec19
Revenue (Mil $) 1,545 1,885
EBIT (Mil $)
EBITDA (Mil $)
EPS ($) -0.36 0.69
EPS without NRI ($) -0.36 0.69
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 66
Positive ROAN
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

Personalized Checklist

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