SM
SM Energy Company Energy - Oil & Gas E&P Investor Relations →
SM Energy Company (SM) closed at $30.04 as of 2026-03-20, trading 9.1% below its 200-week moving average of $33.04. This places SM in the deep value zone. The stock moved further from the line this week, up from -19.6% last week. With a 14-week RSI of 83, SM is in overbought territory.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.42 ratio) is neutral — neither side is clearly dominating.
Over the past 1687 weeks of data, SM has crossed below its 200-week moving average 24 times. On average, these episodes lasted 24 weeks. Historically, investors who bought SM at the start of these episodes saw an average one-year return of +36.9%.
With a market cap of $7.2 billion, SM is a mid-cap stock. The company generates a free cash flow yield of 2.9%. Return on equity stands at 14.3%. The stock trades at 0.7x book value.
The company has been aggressively buying back shares, reducing its share count by 6.0% over the past three years.
Over the past 32.4 years, a hypothetical investment of $100 in SM would have grown to $1025, compared to $2498 for the S&P 500. SM has returned 7.4% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -12.6% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: SM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After SM Crosses Below the Line?
Across 24 historical episodes, buying SM when it crossed below its 200-week moving average produced an average return of +32.8% after 12 months (median +35.0%), compared to +14.8% for the S&P 500 over the same periods. 83% of those episodes were profitable after one year. After 24 months, the average return was +61.3% vs +34.7% for the index.
Each line shows $100 invested at the moment SM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
SM has crossed below its 200-week MA 24 times with an average 1-year return of +36.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1993 | Jan 1994 | 4 | 13.8% | +6.5% | +1160.1% |
| Feb 1994 | Oct 1994 | 36 | 18.4% | +0.3% | +1006.7% |
| Nov 1994 | Dec 1994 | 4 | 9.3% | +13.9% | +1145.0% |
| Mar 1995 | May 1995 | 9 | 8.8% | +14.4% | +1091.8% |
| May 1995 | Jul 1995 | 6 | 15.9% | +37.8% | +1064.7% |
| Jul 1995 | Sep 1995 | 7 | 5.3% | +34.9% | +1100.0% |
| Oct 1995 | Oct 1995 | 1 | 0.4% | +43.9% | +1038.8% |
| Jul 1998 | Jul 1999 | 53 | 31.3% | +10.1% | +593.5% |
| Nov 1999 | Dec 1999 | 3 | 16.0% | +118.4% | +507.3% |
| Jan 2000 | Jan 2000 | 2 | 8.1% | +161.4% | +520.5% |
| Sep 2001 | Oct 2001 | 1 | 0.2% | +49.4% | +344.2% |
| Sep 2008 | Oct 2009 | 53 | 67.6% | +1.4% | +13.8% |
| Oct 2009 | Dec 2009 | 7 | 10.6% | +22.6% | +0.8% |
| Jan 2010 | Mar 2010 | 5 | 6.1% | +84.0% | +7.2% |
| Mar 2010 | Mar 2010 | 1 | 0.5% | +116.8% | +2.3% |
| Jun 2012 | Jun 2012 | 1 | 1.8% | +34.2% | -24.9% |
| Jul 2012 | Aug 2012 | 1 | 5.6% | +60.3% | -22.4% |
| Aug 2012 | Aug 2012 | 1 | 0.6% | +47.2% | -27.0% |
| Nov 2012 | Nov 2012 | 1 | 0.1% | +86.9% | -30.3% |
| Dec 2012 | Dec 2012 | 1 | 4.2% | +67.8% | -28.2% |
| Oct 2014 | Aug 2018 | 202 | 85.5% | -31.9% | -44.1% |
| Sep 2018 | Sep 2018 | 1 | 0.4% | -64.3% | +17.0% |
| Oct 2018 | Mar 2021 | 123 | 94.2% | -67.1% | +32.8% |
| Feb 2025 | Ongoing | 57+ | 47.7% | Ongoing | -8.5% |
| Average | 24 | — | +36.9% | — |
Frequently Asked Questions
Is SM below its 200-week moving average?
Yes. As of 2026-03-20, SM Energy Company (SM) is trading 9.1% below its 200-week moving average of $33.04. The current price is $30.04.
What is SM's 200-week moving average price?
SM Energy Company's 200-week moving average is $33.04 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when SM drops below its 200-week moving average?
SM has crossed below its 200-week moving average 24 times in our data. On average, buying at that moment produced a one-year return of +36.9%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is SM a good value right now?
Here's what our data says about SM as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 83 (overbought). Free cash flow yield is 2.9%. Return on equity is 14.3%. Price-to-book is 0.7x. This is not a buy or sell recommendation — always do your own research.
How does SM compare to the S&P 500?
Over the past 32.4 years, $100 invested in SM would have grown to $1025, compared to $2498 for the S&P 500. That's 7.4% annualized vs 10.4% for the index. SM has underperformed the broader market over this period.
Does SM pay a dividend?
Yes. SM Energy Company currently pays a dividend yield of 273.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20