SM Energy Company (SM) Price Target Analysis
Updated Jun 18, 2026
Analyst Rating: Buy
Based on 54 analysts29.7% Below Target
SM trades 29.7% below Wall Street's consensus target of $35.20.
Current Price$27.14
Average Target$35.20
Target
Current
Low$24.00
Median$31.50
High$55.00
Analyst Target Range
Forward P/E3.5x
(Value)
PEG Ratio—
Implied Growth+575.5%
(High Growth)
Analyst Spread88.1%
(Wide Disagreement)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes SM achieves its forward estimates and maintains a stable P/E multiple of 3.5x. This scenario reflects the blended consensus of 54 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
SM Price Target Analysis
Updated June 21, 2026As of June 21, 2026, SM Energy Company (SM) has a Wall Street consensus price target of $35.20, based on estimates from 54 covering analysts. With the stock currently trading at $27.14, this represents a potential upside of +29.7%. The company has a market capitalization of $3.12B.
Analyst price targets range from a low of $24.00 to a high of $55.00, representing a 88% spread in expectations. The median target of $31.50 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 32 analysts rating the stock as a Buy or Strong Buy,18 rating it Hold, and 4 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, SM trades at a trailing P/E of 4.8x and forward P/E of 3.5x. Analysts expect EPS to grow +575.5% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $59.12, with bear and bull scenarios of $37.24 and $77.89 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+35.8%
Industry Consensus
Avg Forward P/E
7.9x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 CIVICivitas Resources, Inc. | $2.3B | $27.38 | $33.00 | +20.5% | Hold | 6.8x | 16 |
 MTDRMatador Resources Company | $6.2B | $49.56 | $72.00 | +45.3% | Buy | 6.4x | 42 |
 CRGYCrescent Energy Company | $3.4B | $10.44 | $14.33 | +37.3% | Buy | 4.5x | 12 |
 CHRDChord Energy Corporation | $7.0B | $123.12 | $145.90 | +18.5% | Buy | 5.7x | 19 |
 MGYMagnolia Oil & Gas Corporation | $4.9B | $26.41 | $29.56 | +11.9% | Buy | 9.0x | 26 |
 DVNDevon Energy Corporation | $26.2B | $42.12 | $58.77 | +39.5% | Buy | 7.5x | 64 |
 FANGDiamondback Energy, Inc. | $51.6B | $183.50 | $218.29 | +19.0% | Buy | 9.0x | 51 |
 PRPermian Resources Corporation | $15.3B | $18.43 | $24.50 | +32.9% | Buy | 11.1x | 20 |
 REIRing Energy, Inc. | $239M | $1.14 | $2.50 | +119.3% | Buy | 4.4x | 10 |
 HALHalliburton Company | $29.2B | $34.93 | $39.64 | +13.5% | Buy | 14.8x | 64 |
SM — Frequently Asked Questions
Quick answers to the most common questions about buying SM stock.
What is the SM stock price target for 2026?
The consensus Wall Street price target for SM is $35.2, representing 29.7% upside from the current price of $27.14. With 54 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is SM a buy, sell, or hold?
SM has a consensus rating of "Buy" based on 54 Wall Street analysts. The rating breakdown is predominantly bullish, with 32 Buy/Strong Buy ratings. The consensus 12-month price target of $35.2 implies 29.7% upside from current levels.
Is SM stock overvalued or undervalued?
With a forward P/E of 3.5344x, SM trades at a relatively low valuation. The consensus target of $35.2 implies 29.7% appreciation, suggesting meaningful undervaluation.
How high can SM stock go?
The most bullish Wall Street analyst has a price target of $55 for SM, while the most conservative target is $24. The consensus of $35.2 represents the median expectation. Our quantitative valuation model projects a bull case target of $78 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover SM stock?
SM is heavily covered by Wall Street, with 54 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 32 have Buy ratings, 18 recommend Hold, and 4 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the SM stock forecast?
The 12-month SM stock forecast based on 54 Wall Street analysts shows a consensus price target of $35.2, with estimates ranging from $24 (bear case) to $55 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $59, with bear/bull scenarios of $37/$78.
What is SM's fair value based on fundamentals?
Our quantitative valuation model calculates SM's fair value at $59 (base case), with a bear case of $37 and bull case of $78. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 46/100.
What is SM's forward P/E ratio?
SM trades at a forward P/E ratio of 3.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 4.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy SM stock?
Wall Street analysts are very optimistic on SM, with a "Buy" consensus rating and $35.2 price target (29.7% upside). 32 of 54 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do SM price targets vary so much?
SM analyst price targets range from $24 to $55, a 88% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $35.2 consensus represents the middle ground. Our model's $37-$78 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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Historical Returns
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Peer Comparison
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