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What the Market Is Saying about Schlumberger on July 14

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Part 2
What the Market Is Saying about Schlumberger on July 14 PART 2 OF 4

What’s Schlumberger’s 7-Day Stock Price Forecast on July 14?

Implied volatility

On July 14, 2017, Schlumberger’s (SLB) implied volatility was 21.2%. Since it announced its 1Q17 financial results on April 21, 2017, its implied volatility has remained nearly unchanged. SLB makes up 3.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has fallen 16.0% in the past year compared to a 16.0% fall in SLB stock. Implied volatility reflects a stock’s potential price movement as viewed by investors.

Schlumberger’s 7-day stock price forecast

SLB stock will likely close between $68.81 and $64.89 in the next seven days, based on Schlumberger’s implied volatility. We also assume a normal distribution of stock prices and one standard deviation probability of 68.2%. SLB stock was at $66.85 on July 14, 2017. You can read more on Schlumberger’s 1Q17 earnings in Market Realist’s Schlumberger Set to Post 2Q17 Results: What to Expect.

What’s Schlumberger’s 7-Day Stock Price Forecast on July 14?

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Implied volatility for SLB’s peers

National Oilwell Varco’s (NOV) implied volatility on July 14, 2017, was ~32.0%, while Oil States International’s (OIS) implied volatility was ~41.0%. McDermott International’s (MDR) implied volatility was also ~41.0% that day.

Crude oil’s implied volatility

On July 27, 2017, crude oil’s implied volatility was ~27.0%. Since early May 2017, SLB’s implied volatility has risen from ~19.0% to ~21.0%, even though crude oil’s volatility during the same period declined. The S&P 500 index (SPX-INDEX) has risen 14.0% in the past year compared to a 16.0% fall in SLB stock. The energy sector makes up 6.0% of the SPX-INDEX. SLB makes up 0.44% of the SPDR S&P 500 ETF (SPY).

Next, let’s take a look at investors’ short interest in Schlumberger.

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