uploads///IV

Here’s What We Can Expect for Baker Hughes Next Week

By

Jun. 15 2017, Updated 9:35 a.m. ET

Baker Hughes’s implied volatility

On June 13, 2017, Baker Hughes’s (BHI) implied volatility was 20.3%. Since BHI’s 1Q17 financial results were announced on April 25, 2017, its implied volatility has fallen from 28% to this level. Baker Hughes makes up 0.10% of the iShares Dow Jones US ETF (IYY). IYY has risen 2% since April 25, 2017, versus a ~4% decline in BHI’s stock price.

Article continues below advertisement

Next 7-day price forecast for Baker Hughes

Based on Baker Hughes’s implied volatility and assuming normal distribution of stock prices and one standard deviation probability of 68.2%, BHI’s stock will likely close between $58.68 and $55.46 in the next seven days. BHI’s stock price was $57.07 on June 13, 2017.

Implied volatility for BHI’s peers

Flotek Industries’ (FTK) implied volatility on June 13 was ~48%, while Helix Energy Solutions Group’s (HLX) implied volatility that day was ~60%. McDermott International’s (MDR) implied volatility on June 13 was ~40%. The energy sector makes up 6.0% of the SPX-INDEX. The SPX-INDEX has risen 2% since April 25, 2017.

Learn more about the OFS industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.