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What to Expect from Schlumberger Stock after JV with Weatherford

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Part 4
What to Expect from Schlumberger Stock after JV with Weatherford PART 4 OF 4

Here’s Schlumberger’s Stock Price Forecast for Next 7 Days

Schlumberger’s implied volatility

On March 24, 2017, Schlumberger’s (SLB) implied volatility was 19.5%. Since 4Q16 financial results were announced on January 20, Schlumberger’s implied volatility has risen from 17% to the current level. SLB makes up 3.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). Read about how Schlumberger performed in 4Q16 in Market Realist’s Why Did Schlumberger’s 4Q16 Earnings Beat Estimates?

Here’s Schlumberger’s Stock Price Forecast for Next 7 Days

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Implied volatility and Schlumberger’s stock price forecast

Based on Schlumberger’s implied volatility and assuming normal distribution of stock prices and one standard deviation probability of 68.2%, SLB’s stock will likely close between $79.04 and $74.88 in the next seven days. SLB’s stock price was $76.96 on March 24, 2017.

Implied volatility for SLB’s peers

Helmerich & Payne’s (HP) implied volatility on March 24 was ~30%, while Helix Energy Solutions’ (HLX) implied volatility was ~59% on that day. TechnipFMC’s (FTI) implied volatility on March 24 was ~31%.

What does implied volatility mean?

Implied volatility (or IV) reflects investors’ views of a stock’s potential movement. However, IV doesn’t forecast direction. IV is derived from an option pricing model. Investors should note that the accuracy of IV-based price predictions is uncertain.

Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

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