WTI crude oil spot prices and forward curve structure (60% oil weighting drives revenue)
Permian Basin production volumes and well productivity metrics (EUR per well, IP rates)
Capital allocation decisions between drilling activity, debt reduction, and shareholder returns
Midland Basin service costs and completion efficiency (sand, water, pressure pumping availability)
high - Oil and gas prices are highly correlated with global GDP growth, industrial activity, and transportation demand. Economic slowdowns reduce crude consumption while recessions can collapse prices 30-50%. The company's revenue moves nearly 1:1 with WTI given limited pricing power, making it a direct play on economic activity and energy demand.
Rising rates increase borrowing costs on the company's $1.2B+ debt (assuming typical E&P capital structure), though impact is moderate given the 0.49 D/E ratio is manageable. More significantly, higher rates compress E&P valuation multiples as investors demand higher equity risk premiums and shift to fixed income. Rate increases also strengthen the dollar, which can pressure oil prices. The negative FCF indicates ongoing capital intensity requiring access to credit markets.
Energy transition and peak oil demand concerns create long-term valuation pressure as institutional investors reduce fossil fuel exposure and capital availability shrinks for traditional E&P
Permian Basin parent-child well interference and spacing optimization challenges may reduce ultimate recovery rates as drilling density increases in core acreage
Regulatory risks including methane emissions rules, flaring restrictions, and potential federal leasing limitations on public lands (though SM is primarily private acreage)
value - The stock trades at 0.8x sales, 0.5x book, and 2.1x EV/EBITDA, well below historical E&P averages, attracting deep value investors betting on commodity price recovery or M&A. The -41% one-year return and negative FCF deter growth investors. Some momentum traders play commodity price swings. Energy-focused hedge funds and contrarian value managers dominate the shareholder base.
No analyst coverage available for this stock.
Trend
+9.7% vs SMA 50 · +27.9% vs SMA 200
Momentum
Volume distribution is neutral or leaning toward distribution. No compelling squeeze setup based on current money flow data.
Based on volume distribution analysis. Direct short interest data (short float %, days to cover) is not available in current data sources.
SM News
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About
sm energy company is an independent energy company focused on the exploration, exploitation, development, acquisition, and production of natural gas and crude oil in the united states. the company was founded in 1908, incorporated in 1915, and became a public company through an initial public offering in 1992. sm energy trades on the new york stock exchange under the symbol sm. the company operates in four core areas managed by four regional offices: the mid-continent, rocky mountains, permian basin, and gulf coast regions are operated out of our offices in tulsa, oklahoma; billings, montana; midland, texas; and houston, texas, respectively. each office is staffed with a full complement of geologists, geophysicists, engineers, and landmen who have extensive experience in the region or basin where they work. the denver, colorado, headquarters provides financial and administrative support for the regional operations. at sm energy, we also take seriously the manner in which we conduct our
| Symbol | Price | Day % | Mkt Cap↓ | P/E | Rev Grw | Margin | ELO |
|---|---|---|---|---|---|---|---|
SM◀ | $30.47 | -1.80% | $3.5B | 5.4 | +1807.1% | 2054.5% | 1500 |
| $152.81 | -0.98% | $635.2B | 25.3 | -452.2% | 890.5% | 1497 | |
| $190.63 | -1.39% | $380.4B | 34.3 | -464.4% | 666.9% | 1490 | |
| $123.19 | -2.06% | $150.2B | 20.6 | +751.1% | 1360.5% | 1503 | |
| $75.54 | -1.01% | $92.4B | 35.3 | +1377.7% | 2190.8% | 1497 | |
| $56.92 | +0.07% | $85.1B | 25.8 | -159.8% | 938.1% | 1515 | |
| $138.95 | -1.15% | $74.4B | 15.0 | -346.9% | 2206.8% | 1500 | |
| Sector avg | — | -1.19% | — | 23.1 | +358.9% | 1472.6% | 1500 |