SM Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: With strong institutional interest and increased volatility in options trading, a bullish reversal could catalyze a price increase towards the $50 mark as energy demand rebounds.




Bearish Case: Continued revenue challenges and looming economic uncertainties may pressurize SM's stock into a downward trajectory, potentially retesting lows around $40 amidst rising market volatility.




Potential Outcomes:

1. 40%: Earnings stability boosts price, meeting or exceeding projections.

2. 30%: Regulatory changes or external shocks dampen confidence.

3. 20%: Increased energy demand propels stock upward.

4. 10%: Major operational challenges lead to dismal earnings.




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November 19, 2024


SM Energy Forecast

SM        SM Energy











Correlated Assets

Assets that tend to move strongly with SM



XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.9)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.87)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (0.85)


VDE Forecast + Options Trading Strategies   VDE  Vanguard Group, Inc. - Vanguard Energy (0.82)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.81)



Uncorrelated Assets

Assets with little price relationship to SM



VOD Forecast + Options Trading Strategies   VOD  Vodafone (-0.0)


ZI Forecast + Options Trading Strategies   ZI  ZoomInfo (0.0)


CYBR Forecast + Options Trading Strategies   CYBR  CyberArk Software (0.0)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (-0.0)


ISRG Forecast + Options Trading Strategies   ISRG  Intuitive Surgical (0.0)



Anticorrelated Assets

Assets that tend to move strongly against SM



EPR Forecast + Options Trading Strategies   EPR  EPR Properties (-0.67)


ADBE Forecast + Options Trading Strategies   ADBE  Adobe (-0.69)


PENN Forecast + Options Trading Strategies   PENN  Penn National Gaming (-0.69)


AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (-0.77)


ZTS Forecast + Options Trading Strategies   ZTS  Zoetis (-0.82)









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