uploads/2016/06/returns-o-OFS-Stocks-1.png

How Have OFS Stocks with High and Low Implied Volatility Performed?

By

Updated

Returns of OFS stocks with high implied volatility

As we saw in the previous part, Seadrill (SDRL) had the highest implied volatility figures among all OFS (oilfield services) companies. The stock has fallen 5.1% on a YTD (year-to-date) basis. However, in the last five days, it has risen 4.3%.

Below are the YTD returns of the OFS stocks we identified in the previous part with the highest volatility:

  • Tidewater (TDW): -23.0%
  • CARBO Ceramics (CRR): -18.5%
  • Weatherford International (WFT): -20.0%
  • Noble (NE): -13.0%

Here are the five-day returns for these stocks:

  • Tidewater (TDW): 23.8%
  • CARBO Ceramics (CRR): 13.6%
  • Weatherford International (WFT): 19.6%
  • Noble (NE): 10.1%
Article continues below advertisement

Returns of OFS stocks with low implied volatility

As we saw in the previous part of the series, Schlumberger (SLB) had the lowest implied volatility figures among all OFS companies as of June 7, 2016. Below are the YTD returns of SLB and other OFS stocks we identified as having low implied volatility in the previous part:

  • Schlumberger Limited (SLB): 14.8%
  • Halliburton (HAL): 35.4%
  • FMC Technologies (FTI): -2.3%
  • Tenaris (TS): 20.8%
  • Core Laboratories (CLB): 20.3%

Now let’s look at the five-day returns for these stocks:

  • Schlumberger (SLB): 5.0%
  • Halliburton (HAL): 9.2%
  • FMC Technologies (FTI): 4.1%
  • Tenaris (TS): 8.8%
  • Core Laboratories (CLB): 7.9%
Advertisement

More From Market Realist