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SM Energy (SM)

SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in the state of Texas.

Company profile

Ticker
SM
Exchange
Website
CEO
Javan Ottoson
Employees
Incorporated
Location
Fiscal year end
Former names
ST MARY LAND & EXPLORATION CO
SEC CIK
Subsidiaries
SMT Texas LLC • Belring GP LLC • St. Mary Energy Louisiana LLC • Hilltop Investments, a Colorado general partnership • Parish Ventures, a Colorado general partnership • Green Canyon Offshore LLC • B. Partnership • St. Mary Land East Texas LP ...
IRS number
410518430

SM stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$55.00
Low target
$55.00
High target
$55.00
Raymond James
Maintains
Outperform
$55.00
26 Jul 22
Barclays
Maintains
Underweight
$55.00
14 Jun 22

Calendar

4 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 267.09M 267.09M 267.09M 267.09M 267.09M 267.09M
Cash burn (monthly) 50.93M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 68.06M n/a n/a n/a n/a n/a
Cash remaining 199.03M n/a n/a n/a n/a n/a
Runway (months of cash) 3.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Aug 22 Pursell A Wade RSU Common Stock, $.01 Par Value Grant Acquire A No No 0 31,543 0 31,543
2 Aug 22 Herbert S Vogel RSU Common Stock, $.01 Par Value Grant Acquire A No No 0 52,817 0 52,817
2 Aug 22 Lytle Patrick A RSU Common Stock, $.01 Par Value Grant Acquire A No No 0 3,668 0 3,668
2 Aug 22 David W Copeland RSU Common Stock, $.01 Par Value Grant Acquire A No No 0 18,339 0 18,339
2 Aug 22 Knott Kenneth J. RSU Common Stock, $.01 Par Value Grant Acquire A No No 0 9,536 0 9,536
11 Mar 22 Pursell A Wade Common Stock, $.01 Par Value Gift Dispose G No No 0 3,000 0 287,312
31 Dec 21 Knott Kenneth J. Common Stock, $.01 Par Value Other Acquire J No No 21.68 380 8.24K 96,351
64.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 296 262 +13.0%
Opened positions 57 62 -8.1%
Closed positions 23 37 -37.8%
Increased positions 97 87 +11.5%
Reduced positions 105 86 +22.1%
13F shares Current Prev Q Change
Total value 4.08B 3.06B +33.4%
Total shares 105.29M 104.26M +1.0%
Total puts 608.6K 338.61K +79.7%
Total calls 2.11M 1.17M +80.2%
Total put/call ratio 0.3 0.3 -0.2%
Largest owners Shares Value Change
BLK Blackrock 19.58M $762.64M +1.7%
Vanguard 14.04M $546.81M +1.6%
STT State Street 7M $272.76M +13.7%
Dimensional Fund Advisors 3.9M $151.84M +8.1%
GS Goldman Sachs 3.25M $126.59M +35.4%
JB Investments Management 2.26M $88.17M -55.2%
IVZ Invesco 2.23M $86.83M +88.5%
Geode Capital Management 2.17M $84.4M -7.7%
Advisory Research 1.79M $69.74M +5.6%
AMP Ameriprise Financial 1.59M $61.98M +8.9%
Largest transactions Shares Bought/sold Change
JB Investments Management 2.26M -2.79M -55.2%
Millennium Management 1.46M -1.78M -54.9%
Frontier Capital Management 1.38M +1.38M NEW
First Trust Advisors 727.03K -1.11M -60.4%
IVZ Invesco 2.23M +1.05M +88.5%
Renaissance Technologies 1.18M +948.9K +405.0%
Marshall Wace 910.39K +910.39K NEW
GS Goldman Sachs 3.25M +849.02K +35.4%
STT State Street 7M +842.59K +13.7%
TROW T. Rowe Price 845.51K +766.17K +965.7%

Financial report summary

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Competition
Sanchez Energy
Management Discussion
  • During the second quarter of 2022, we remained committed to our goal of reducing the principal balance of our outstanding debt through cash flow generation. For the three months ended June 30, 2022, net cash provided by operating activities exceeded net cash used in investing activities by $327.0 million, and we reduced the principal balance of our total outstanding long-term debt by $446.7 million by redeeming the 2025 Senior Secured Notes. We executed on this goal through strong operational performance and a diligent focus on cost management. We also benefited from increased commodity prices.
  • Our 2022 capital program is expected to be between $870.0 million and $900.0 million, which is an increase from our original expectation of $750.0 million. This increase incorporates higher than expected inflation and adjustments to our capital program to ensure continuous and efficient operations. Our financial and operational flexibility allows us to continually monitor the economic environment and adjust our activity level as warranted. Our 2022 capital program remains focused on highly economic oil development projects in both our Midland Basin and South Texas assets. We believe that our high-quality asset portfolio is capable of generating strong returns in the current macroeconomic environment, which we expect will enable us to grow cash flows, improve leverage metrics, and maintain strong financial flexibility. Please refer to Overview of Liquidity and Capital Resources below for discussion of how we expect to fund the remainder of our 2022 capital program.
  • Financial and Operational Results. Average net daily equivalent production for the three months ended June 30, 2022, decreased four percent sequentially to 146.6 MBOE, primarily driven by a decrease in NGL volumes of nine percent, or 2.0 MBbl per day, and a decrease in oil volumes of six percent, or 4.3 MBbl per day, due to the timing of well completions.

Content analysis

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H.S. junior Avg
New words: advisory, commercial, customary, earlier, efficient, entirety, Exhibit, Fargo, FCF, fiscal, fuel, led, National, outweigh, Overnight, purport, repaid, text, trailing
Removed: accrue, Bbl, beginning, communicate, consultation, Disease, equipment, exceed, fairly, forecasted, healthy, historic, junior, lifting, limiting, MMBbl, Occupational, October, physically, prevention, ranking, remotely, requiring, response, safe, site, spread, train, transition, transmission