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Schlumberger Deluxe: Inside the Latest Market Indicators

PART:
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Part 2
Schlumberger Deluxe: Inside the Latest Market Indicators PART 2 OF 5

Your Schlumberger Forecast: What We Might See Over the Next 7 Days

Implied volatility

On March 17, 2017, Schlumberger’s (SLB) implied volatility was 16.6%. Since its 4Q16 financial results were announced on January 20, Schlumberger’s implied volatility has fallen from 17%.

IV (implied volatility) reflects investors’ views of a stock’s potential movement. However, IV does not forecast direction. IV is derived from an option pricing model. Investors should note that the correctness of implied volatility suggested prices can be uncertain.

Your Schlumberger Forecast: What We Might See Over the Next 7 Days

Your Schlumberger Forecast: What We Might See Over the Next 7 Days

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By comparison, Helmerich & Payne’s (HP) implied volatility on March 17 was ~29%, while Helix Energy Solutions’ (HLX) implied volatility was ~55% on that day. TechnipFMC’s (FTI) implied volatility on March 17 was ~28%.

Implied volatility and Schlumberger’s stock price forecast

Based on Schlumberger’s implied volatility and assuming a normal distribution of stock prices and a standard deviation probability of 68.2%, SLB’s stock could likely close between $81.38 and $77.72 in the next seven days. SLB’s stock price was $79.55 on March 17, 2017.

Notably, SLB makes up 3.7% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). You can read more about how Schlumberger performed in 4Q16 in Market Realist’s series Why Did Schlumberger’s 4Q16 Earnings Beat Estimates?

Continue to the next part for a look at what Schlumberger’s short interest suggests.

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