Wall Street analyst estimates for SM Energy Company (SM): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
SM Energy Company is an independent firm dedicated to the exploration, development, acquisition, and production of oil, natural gas, and natural gas liquids. Its operations are exclusively concentrated within the state of Texas. As of February 24, 2022, the company reported an impressive 492.0 million barrels of oil equivalent in estimated proved reserves.
Consensus price target
$40.82 (+3 % vs price $39.56)
between $16.00 and $52.00 · 11 targets published in the last quarter
Closing price, Oct 28
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $7.8B | $7.7B – $8.1B | $8.00 | 11 |
| 2027E | $7.8B | $7.7B – $8.2B | $8.63 | 10 |
| 2028E | $7.4B | $7.1B – $8.0B | $7.96 | 8 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 35 |
| Hold | 15 |
| Sell | 4 |
| Strong Sell | 0 |
| Total analysts | 54 |
| Avg rating (−2 sell to +2 buy) | 0.57 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-03 | $2.01 | ||
| 2026-08-05 | $2.19 | $1.96 | +11.7% |
| 2026-05-06 | $1.55 | $1.12 | +38.4% |
| 2026-02-25 | $0.83 | $0.83 | +0.2% |
| 2025-11-04 | $1.33 | $1.25 | +6.4% |
| 2025-07-31 | $1.50 | $1.25 | +20.0% |
| 2025-05-01 | $1.76 | $1.62 | +8.6% |
| 2025-02-19 | $1.91 | $2.00 | -4.5% |
Valuation Ratios
| P/E Ratio | 10.28 |
| Price / Book | 1.20 |
| EV / EBITDA | 4.41 |
| Dividend Yield | 2.20% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.26B | $1.64B | $1.59B | $1.13B | $2.60B | $3.35B | $2.36B | $2.67B | $3.15B |
| Cost of Revenue | $1.39B | $1.06B | $1.15B | $1.32B | $1.18B | $1.28B | $1.22B | $1.25B | $1.45B | $2.15B |
| Gross Profit | -$207.9M | $195.5M | $487.5M | $261.2M | -$50.0M | $1.32B | $2.12B | $1.11B | $1.23B | $1.00B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $124.8M | $117.3M | $116.5M | $132.8M | $99.2M | $111.9M | $114.6M | $121.1M | $138.3M | $161.0M |
| Operating Expenses | $849.1M | $359.2M | -$348.9M | $331.2M | $1.02B | $1.11B | $541.7M | $123.0M | $149.3M | $183.0M |
| Operating Income | -$1.06B | -$163.7M | $836.3M | -$70.0M | -$1.07B | $209.1M | $1.58B | $986.9M | $1.08B | $822.0M |
| EBITDA | -$252.5M | $392.5M | $1.48B | $785.7M | $51.5M | $980.9M | $2.12B | $1.70B | $1.92B | $2.21B |
| Interest Expense | $158.7M | $179.3M | $160.9M | $159.1M | $163.9M | $160.4M | $120.3M | $91.6M | $140.7M | $173.0M |
| Pre-tax Income | -$1.20B | -$343.8M | $651.8M | -$231.0M | -$956.7M | $46.2M | $1.40B | $914.2M | $966.2M | $830.0M |
| Income Tax | -$444.2M | -$183.0M | $143.4M | -$44.0M | -$192.1M | $9.9M | $283.8M | $96.3M | $195.9M | $182.0M |
| Net Income | -$757.7M | -$160.8M | $508.4M | -$187.0M | -$764.6M | $36.2M | $1.11B | $817.9M | $770.3M | $648.0M |
| EPS | $-9.90 | $-1.44 | $4.54 | $-1.66 | $-6.72 | $0.30 | $9.09 | $6.89 | $6.71 | $5.65 |
| EPS (Diluted) | $-9.90 | $-1.44 | $4.48 | $-1.66 | $-6.72 | $0.29 | $8.96 | $6.86 | $6.67 | $5.64 |
| Shares Outstanding (Diluted) | 76.6 M | 111.4 M | 113.5 M | 112.5 M | 113.7 M | 123.7 M | 124.1 M | 119.2 M | 115.5 M | 115.0 M |
Price
| Price | $39.56 (closing price, October 28, 2026) |
| Market Cap | $9.4B |
| Exchange | NYSE |
| Country | US |
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Explore sector: Energy · Oil & Gas Exploration & Production
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