X
<

Which Oilfield Service Stocks Look Attractive in 4Q17?

PART:
1 2 3 4 5 6 7
Part 6
Which Oilfield Service Stocks Look Attractive in 4Q17? PART 6 OF 7

SLB, HAL, BHGE, and NOV: Which Has Highest Implied Volatility?

SLB’s implied volatility in context

On November 6, 2017, Schlumberger’s (SLB) implied volatility was 19.2%. Since September 29, 2017, its implied volatility has risen from 17.9% to the current level. Implied volatility (or IV) captures a stock’s potential movement, as viewed by the option traders. IV is calculated from an option pricing model. From September 29 to November 6, crude oil’s implied volatility has risen from 24.5% to 25.3%.SLB, HAL, BHGE, and NOV: Which Has Highest Implied Volatility?

Interested in SLB? Don't miss the next report.

Receive e-mail alerts for new research on SLB

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

HAL’s implied volatility in context

On November 6, 2017, Halliburton’s (HAL) implied volatility was ~23.8%. Since September 29, 2017, its implied volatility has risen from 23.2% to the current level. So, Halliburton’s IV rise has been similar to crude oil’s volatility change since 3Q17. HAL makes up 3.2% of the Vanguard Energy ETF (VDE). VDE has risen 3% since September 29, 2017, compared to a 2% fall in HAL’s stock price during this period.

NOV’s implied volatility in context

On November 6, 2017, National Oilwell Varco’s (NOV) implied volatility was 25.9%. Since September 29, 2017, its implied volatility has fallen from ~26.9% to the current level. So, National Oilwell Varco’s IV has fallen while crude oil’s volatility has risen since September 29.

Next, we’ll discuss Wall Street analysts’ targets for these OFS companies.

X

Please select a profession that best describes you: