Positive context积极背景
Stocks股票 / Energy / SM
SM Energy Company · Energy
SM US listed · USD美股 · 美元
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.SM Energy Company 是一家从事碳氢化合物勘探的公司，在特拉华州注册成立，总部位于科罗拉多州丹佛。
Mid cap中盘 · $4B
Energy
S&P 600标普600小盘Russell 2000罗素2000
Distressed困境股
$32.42
+$0.00 · +0.00%
52w low52周低 $16.83high高 $35.34
Lagging — relative weakness落后 — 相对弱势
Daily low forming, but the bigger trend is still bearish. Small size only; stop below 27.81.日线低点正在形成，但大趋势仍偏空。只适合小仓位；止损设于 27.81 下方。
Live实时
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
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Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-08-14
Momentum (RSI 14)动量（RSI 14）
57
Neutral zone中性区域
vs 50-day average相对50日均线
+8.2% above上方
Uptrend intact趋势完好
vs 200-day average相对200日均线
+28.9% above上方
Long trend up长期向上
Volatility波动率
99th percentile第99百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Estimates being cut预期下调
Valuation估值
Looks cheap vs sector相对行业偏便宜| Multiple指标 | SM | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（历史） | 5.74x | 21.37 | |
| P/B市净率 | 0.77x | 1.93 | |
| P/S市销率 | 1.18x | 2.14 | |
| Earnings yield盈利收益率 | 17.44% | 4.13 | |
| Shareholder yield股东收益率 | 2.83% | 2.83 |
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。
Financials财务数据
fiscal years财年Revenue营业收入
$3.2B2025
20202025
5-yr growth5年复合增速 22.9%
Earnings per share每股收益
$5.642025
20202025
Operating margin营业利润率
31.7%
Net margin净利率
20.5%
FCF margin自由现金流利润率
63.8%
Balance-sheet quality财务体质 5/7
Bankruptcy risk: distress zone破产风险：警戒区
Return on equity股本回报率 14%
Warning警示
Leverage杠杆
Current ratio流动比率0.69
Capital allocation资本配置
Stock-based comp股权薪酬$29.0M
Share count change (1y)股数变化（1年）+0.1%
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Macro宏观
Short-duration name into a restrictive, rising-real-rate regime → rate tailwind.短久期标的进入偏紧、实际利率上行的环境→利率顺风。
Positioning持仓
Short interest changed -16.7%空头仓位变动 -16.7%
Technical技术面
SM daily MACD crossed upSM 日线MACD上穿
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$0.8M net (0 buyers, 1 sellers)-$0.8M 净值（0 买家，1 卖家）
Signal history信号历史
engine events引擎事件
NEARING A HIGH → UNCONFIRMED TURN接近高点 → 未确认转向
HIGH-RISK · NIMBLE ONLY. A daily bottoming setup is forming (swing low in, momentum turned up) — but the higher timeframes haven't confirmed it: the bigger picture is still bearish (weekly momentum just crossed down; 3-day crossed up; last cycle left-translated (topped early)). This is an UNCONFIRMED TURN, not a confirmed buy. Weekly confirmation lags price, so this exact reading covers BOTH bounces that fail AND the first leg of a genuine new cycle — you can't tell which in real time, so treat it as a risk/size signal, not a direction call. Measured: weekly-unconfirmed bottoming setups held the low ~49% of the time vs ~68% once the weekly turns up. Last cycle was left-translated (topped early) — a bearish structural tell高风险 · 仅限灵活操作。正在形成日线筑底形态（摆动低点已现、动量转向上行）——但更高周期尚未确认：大局仍偏空（周线动量刚刚向下交叉；3 日线向上交叉；上一周期左移（见顶偏早））。这是「未确认转向」，并非已确认的买入。周线确认滞后于价格，因此同样的读数既涵盖最终失败的反弹，也涵盖真正新周期的第一段——实时无法判定属于哪一种，故应将其视为风险/仓位信号，而非方向判断。实测：周线未确认的筑底形态约 49% 守住低点，周线转向后升至约 68%。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Aug 12, 2026
SM daily MACD crossed upSM 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $32.42.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$32.42。
Aug 11, 2026
SM StochRSI turned up from oversoldSM StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $32.51.StochRSI重回20上方 — 下行动量趋缓的最早预警。$32.51。
Aug 7, 2026
SM weekly MACD crossed downSM 周线MACD下穿
The weekly MACD histogram turned negative — the slower, less-whippy momentum read.周线MACD柱状图转负 — 更慢、更少来回的动量信号。
Aug 5, 2026
BOTTOMING → UNCONFIRMED TURN筑底中 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Aug 5, 2026
SM daily MACD crossed downSM 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $29.02.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$29.02。
Jul 31, 2026
SM weekly MACD crossed upSM 周线MACD上穿
The weekly MACD histogram turned positive — the slower, less-whippy momentum read.周线MACD柱状图转正 — 更慢、更少来回的动量信号。
Jul 30, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Jul 29, 2026
UNCONFIRMED TURN → NEARING A HIGH未确认转向 → 接近高点
TAKE PROFITS止盈
Showing the last 15 of显示最近15条，共 217 signals条信号
Company profile公司档案
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.SM Energy Company 是一家从事碳氢化合物勘探的公司，在特拉华州注册成立，总部位于科罗拉多州丹佛。
Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Above market高于市场
Quality质量
Above market高于市场
Investment资本投入
Below market低于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Above market高于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Below market低于市场
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Valuation vs sector估值对比行业
| Multiple指标 | This stock本股 | Sector median行业中位 | Cheaper than相对便宜 |
|---|---|---|---|
| P/E (trailing)市盈率（静态） | 5.7× | 21.4× | 98% |
| Price / Book市净率 | 0.8× | 1.9× | 98% |
| Price / Sales市销率 | 1.2× | 2.1× | 72% |
| Earnings yield盈利收益率 | 17.4% | 4.1% | 100% |
| Free-cash-flow yield自由现金流收益率 | 54.1% | 11.2% | 98% |
| Shareholder yield股东综合回报率 | 2.8% | 2.8% | 51% |
Relative strength相对强度
vs market, 1 month相对大盘（1个月）
56/100 — middle of the pack居中
vs market, 3 months相对大盘（3个月）
48/100 — middle of the pack居中
vs market, 6 months相对大盘（6个月）
91/100 — stronger than most强于多数
vs market, 12 months相对大盘（12个月）
66/100 — middle of the pack居中
Rank in sector行业内排名
#66 / 78
0–100 percentile of total return vs all covered stocks.总回报在全部覆盖股票中的百分位（0–100）。
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +13.0% | +1.2% |
| 1 Month近1月 | +9.1% | +3.5% |
| 3 Months近3月 | +0.2% | +5.2% |
| 6 Months近6月 | +53.4% | +14.4% |
| Year to date年初至今 | +72.1% | +14.2% |
| 1 Year近1年 | +24.2% | +21.6% |
| 3 Years近3年 | -11.5% | +79.7% |
Trading information交易信息
Beta vs market贝塔
-0.59
Volatility rank波动率分位
99th pctile
Short interest空头占比
11.0% of float
Market cap市值
$4B
EPS (trailing)每股收益
$5.65
Off 52-week high距52周高点
-6.2%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $1.1B | $2.6B | $3.4B | $2.4B | $2.7B | $3.2B |
| EPS每股收益 | $-6.72 | $0.29 | $8.96 | $6.86 | $6.67 | $5.64 |
| Free cash flow自由现金流 | — | — | — | — | — | — |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | -67.9% | 1.4% | 33.1% | 34.5% | 28.6% | 20.5% |
| FCF margin自由现金流利润率 | — | — | — | — | — | — |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$3.2B
Net income净利润
$648M
Operating cash flow经营现金流
$2.0B
Total assets总资产
$9.3B
Shareholder equity股东权益
$4.8B
Dividends paid股息支出
$92M
Buybacks股票回购
$13M
Shares outstanding总股本
0.11B
Returns & growth回报与增长
Return on equity股本回报率
13.5%
Return on assets资产回报率
7.0%
Profit growth利润增速
-15.8%
Asset growth资产增速
+7.9%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Working capital: inventory & receivables lean vs sales营运资本：存货与应收相对销售保持精简
- Capital discipline: investment near the peer median资本纪律：投资力度接近同业中位
- Balance sheet: Altman Z 1.65 — distress zone资产负债表：Altman Z 1.65——困境区
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
57
RSI (2-day)RSI（2日）
85
vs 20-day average相对20日均线
+3.0%
vs 50-day average相对50日均线
+8.2%
vs 200-day average相对200日均线
+28.9%
Golden cross (50>200)金叉（50>200）
in effect生效中
MACDMACD
above signal位于信号线上方
Timeframe alignment多周期共振
Daily日线
momentum up — fresh upturn动能向上——刚刚转强
3-day3日线
momentum up — fresh upturn动能向上——刚刚转强
Weekly周线
momentum down — fresh downturn动能向下——刚刚转弱
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range state波幅状态
expanding — range opening up扩张中 — 波幅放大
Range width percentile波幅宽度分位
39/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Earnings — full detail财务业绩 — 完整明细
Estimate revisions预期修正
Analysts covering覆盖分析师
5
Estimate direction预期调整方向
mostly cutting多数下调
Estimate change, 90 days预期变化（90天）
-2.6%
Net upgrades, 30 days净上调（30天）
-1
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$0.8M
Insider buyers vs sellers内部人买家vs卖家
0 : 1
Short interest空头占流通盘
11.0%
Days to cover回补天数
4.2
Short interest change空头变化
-16.7%
Recent fund flows近期基金流向
SPDR S&P Oil & Gas E&PSPDR S&P Oil & Gas E&P
trimming减持
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Seasonality — full detail季节性 — 完整明细
Strongest month最强月份
May · 100%
Weakest month最弱月份
Sep · 0%
Month by month逐月统计
| Month月份 | Closed higher收涨占比 | Median move中位涨跌 | Years年数 |
|---|---|---|---|
| Jan1月 | 33% | -1.2% | 3 |
| Feb2月 | 67% | +17.0% | 3 |
| Mar3月 | 67% | +13.2% | 3 |
| Apr4月 | 33% | -2.1% | 3 |
| May5月 | 100% | +4.0% | 3 |
| Jun6月 | 33% | -14.3% | 3 |
| Jul7月 | 100% | +13.0% | 4 |
| Aug8月 | 100% | +4.1% | 4 |
| Sep9月 | 0% | -12.3% | 3 |
| Oct10月 | 67% | +2.7% | 3 |
| Nov11月 | 33% | -6.8% | 3 |
| Dec12月 | 33% | -0.1% | 3 |
History is a tendency, not a promise — small samples wobble.历史规律只是倾向而非保证 — 样本少时波动大。
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。