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Analyzing Schlumberger's Earnings prior to Its 1Q17 Results

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Part 8
Analyzing Schlumberger's Earnings prior to Its 1Q17 Results PART 8 OF 9

What’s Schlumberger’s 7-Day Stock Price Forecast?

Schlumberger’s implied volatility

On April 5, 2017, Schlumberger’s (SLB) implied volatility was ~19%. Since SLB announced its 4Q16 financial results on January 20, 2017, its implied volatility has risen from ~17% to its current level.

SLB makes up 16.6% of the iShares US Oil Equipment & Services ETF (IEZ). SLB also makes up 0.55% of the SPDR S&P 500 ETF (SPY). SPY tracks the price and yield performances of the S&P 500 Index (SPX-INDEX). The energy sector makes up 6.6% of the S&P 500.

What’s Schlumberger’s 7-Day Stock Price Forecast?

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Schlumberger’s seven-day price forecast

Based on Schlumberger’s implied volatility and assuming a normal stock price distribution and a standard deviation of one with a probability of 68.2%, SLB will likely close between $80.40 and $76.20 in the next seven days. 

SLB’s stock price was $78.30 on April 5, 2017. Learn more about Schlumberger’s valuation in Market Realist’s Schlumberger Receives Contracts: Will Its Valuation Change?

What does implied volatility mean?

Implied volatility reflects investors’ views on a stock’s potential movements. However, it doesn’t forecast the direction of these movements. Implied volatility is derived from an option pricing model. Investors should note that the correctness of implied volatility’s suggested prices can be uncertain.

Implied volatility for SLB’s peers

Flotek Industries’ (FTK) implied volatility on April 5 was ~54%, while Baker Hughes’s (BHI) implied volatility was ~23% on the day. Helmerich & Payne’s (HP) implied volatility on April 5 was ~28%.

Next, we’ll discuss investors’ short interests in Schlumberger stock.

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