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What Did the Market Say about Schlumberger on September 15?

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Part 2
What Did the Market Say about Schlumberger on September 15? PART 2 OF 3

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

Schlumberger’s implied volatility

On September 15, 2017, Schlumberger’s (SLB) implied volatility was 17.5%. Since its 2Q17 financial results were announced on July 21, 2017, Schlumberger’s implied volatility has fallen from 19% to the current level. Schlumberger accounts for 4.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has risen 8% in the past year—compared to a 12% fall in Schlumberger’s stock price during the same period. The implied volatility signals a stock’s potential price movement—as viewed by option holders.

Schlumberger’s seven-day stock price forecast

Schlumberger stock will likely close between $68.87 and $65.61 in the next seven days—based on its implied volatility. Schlumberger’s seven-day stock price forecast is based on a normal distribution of stock prices and one standard deviation probability of 68.2%. Schlumberger’s stock price was $67.24 on September 15, 2017.

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

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Implied volatility for Schlumberger’s peers         

On September 15, National Oilwell Varco’s (NOV) implied volatility was ~22.6%, which implies that its stock price could vary between $35.53 and $33.37 in the next seven days. Helmerich & Payne’s (HP) implied volatility was ~28% on the same day. Helmerich & Payne’s stock price could range between $52.15 and $48.23 in the next seven days. CARBO Ceramics’ (CRR) implied volatility was ~63% on September 15. CARBO Ceramic’s stock price could vary between $8.10 and $6.80 in the next seven days. To learn more, read Oilfield Services Stocks: Free Cash Flow Winners and Losers.

Crude oil’s implied volatility

On September 15, crude oil’s implied volatility was 24.4%. Since July 21, crude oil’s volatility fell. Schlumberger’s implied volatility also fell during the same period. Since July 21, 2017, the S&P 500 Index (SPX-INDEX) has risen 1%. The energy sector accounts for 5.7% of SPX-INDEX.

In the next part, we’ll discuss crude oil’s correlation with Schlumberger.

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