SM Earnings
Wednesday, May 06 2026
EPS Estimate
$1.07
$0.64 – $1.79
Revenue Estimate
$1.4B
Current Price
$26.93
Our Position
neutralAsset sale funds buyback, but earnings deteriorate sharply
structured data
est. revisions rising
(+10.6pp / 30d)
The asset sale and dividend hike are capital allocation wins that mask fundamental operational stress. Earnings declines in a flat-to-up price environment suggest SM is struggling on cost control or production mix, not just macro headwinds. A $1.6 billion swing in Q4 net income year-over-year is material — the company's leverage is climbing as it shrinks through divestitures.
Watch: Monitor Q1 2026 results for whether margins stabilize post-divestiture and how production guidance evolves after losing 37-39 MBoe/d of output. Capital discipline matters here — reinvestment of sale proceeds into higher-margin assets will determine if this portfolio pivot pays off.
Data Signal Summary
3 bullish
1 bearish
Estimates up +6%
Insider buying cluster
Put/call 0.6 (bullish skew)
Price downtrend
Key Context
Analyst Consensus
mixed
Insider Activity
selling
Price Trend
downtrend
From 52w High
-14.1%
P/E Ratio
4.8
Est. Revisions (30d)
+5.6% 4up/3dn
Analyst Target (mean)
$37 $22–$59 +36%
Options P/C Ratio
0.62
Est. Dispersion
108% 13 analysts
Insider Cluster
strong buy (officer)
Fund Convergence
strong Citadel, D.E. Shaw, Bridgewater
Recent Activity
insider trades
57 transactions
Other
·
PURSELL ALAN WADE (Chief Financial Officer)
·7,500 shares
Other
·
LEBECK JAMES BARKER (General Counsel)
·14,698 shares
Other
·
MCDONALD ELIZABETH ANNE (President)
·9,690 shares
Other
·
PURSELL ALAN WADE (Chief Financial Officer)
·11,436 shares
Other
·
KNOTT KENNETH J. (Officer)
·3,458 shares
52 more
Other
·
VOGEL HERBERT S
·28,721 shr
Other
·
LYTLE PATRICK ALLEN
·1,331 shr
Other
·
PURSELL ALAN WADE
·31,914 shr
Other
·
KNOTT KENNETH J.
·10,184 shr
Other
·
VOGEL HERBERT S
·55,479 shr
Other
·
LYTLE PATRICK ALLEN
·5,407 shr
Other
·
LEBECK JAMES BARKER
·11,376 shr
Other
·
BENNETT ALAN D
·2,319 shr
Award
·
JENKINS RICHARD A.
·4,868 shr
Sell
·
JENKINS RICHARD A.
·7,726 shr
·$220,114
Other
·
PURSELL ALAN WADE
·5,000 shr
Award
·
SULLIVAN WILLIAM D
·12,081 shr
Award
·
BROOKMAN BARTON R JR
·12,081 shr
Award
·
QUINTANA JULIO MANUEL
·14,022 shr
Award
·
PERU RAMIRO G
·7,982 shr
Award
·
ROBESON ROSE M
·7,982 shr
Award
·
POWERS ANITA M
·12,081 shr
Award
·
BAILO CARLA JEAN
·7,982 shr
Award
·
VENKATRAMAN ASHWIN
·7,982 shr
Buy
·
VOGEL HERBERT S
·1,000 shr
·$21,320
Buy
·
PERU RAMIRO G
·5,000 shr
·$143,600
Buy
·
VOGEL HERBERT S
·500 shr
·$14,835
Buy
·
BROOKMAN BARTON R JR
·7,000 shr
·$226,520
Buy
·
VOGEL HERBERT S
·1,000 shr
·$33,820
Award
·
VENKATRAMAN ASHWIN
·2,027 shr
Other
·
VOGEL HERBERT S
·3,000 shr
Other
·
PURSELL ALAN WADE
·4,500 shr
Award
·
MCDONALD ELIZABETH ANNE
·29,070 shr
Other
·
LYTLE PATRICK ALLEN
·350 shr
Sell
·
LYTLE PATRICK ALLEN
·6,059 shr
·$287,500
Other
·
LUTEY MARY ELLEN
·1,000 shr
Sell
·
ROBESON ROSE M
·10,000 shr
·$455,000
Sell
·
LEBECK JAMES BARKER
·4,487 shr
·$203,844
Other
·
PURSELL ALAN WADE
·35,437 shr
Other
·
KNOTT KENNETH J.
·10,888 shr
Other
·
VOGEL HERBERT S
·59,591 shr
Other
·
LUTEY MARY ELLEN
·14,932 shr
Other
·
LYTLE PATRICK ALLEN
·5,097 shr
Other
·
LEBECK JAMES BARKER
·5,270 shr
Other
·
GRAY JULIE
·3,089 shr
Award
·
SULLIVAN WILLIAM D
·3,850 shr
Award
·
BROOKMAN BARTON R JR
·5,827 shr
Award
·
QUINTANA JULIO MANUEL
·6,764 shr
Award
·
PERU RAMIRO G
·3,850 shr
Award
·
ROBESON ROSE M
·3,850 shr
Award
·
BRAND STEPHEN R
·3,850 shr
Award
·
POWERS ANITA M
·3,850 shr
Award
·
BAILO CARLA JEAN
·3,850 shr
Sell
·
KNOTT KENNETH J.
·16,000 shr
·$804,480
Other
·
SULLIVAN WILLIAM D
·5,000 shr
Sell
·
SULLIVAN WILLIAM D
·60,000 shr
·$2,959,200
Other
·
VOGEL HERBERT S
·6,000 shr
analyst ratings
1 rating
Wells Fargo
→Equal-Weight
13h ago
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