SM Energy is an independent energy company engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids in the state of Texas. Co.'s operations are concentrated in the Midland Basin and South Texas. More details about SM Energy at:
http://www.sm-energy.com.
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Should SM Energy shares be counted among the
Top 10 Cheap Energy Stocks? To start, we see that the recent trading price for SM stock is $47.09 (as of 5/1/2024). The most recent quarter's (MRQ) earnings result, annualized, was $6.24/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, SM Energy produced $5.90/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $5.8/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 8.1 for the TTM Median method, 7.5 for price to earnings using MRQ annualized, and 8.0 for current price/TTM earnings. Based on SM's history, that recent TTM PE is low relative to the historical average, with the recent PE 67.1% lower than the average (TTM method) of 24.3.