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Schlumberger’s 7-Day Stock Price Forecast on August 18

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Aug. 21 2017, Published 11:04 a.m. ET

Schlumberger’s implied volatility

On August 18, 2017, Schlumberger’s (SLB) implied volatility was 19.2%. Since its 2Q17 financial results were announced on July 21, Schlumberger’s implied volatility has remained nearly unchanged.

SLB comprises 3.7% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has decreased 29% in the past year versus a 24% fall in SLB’s stock price. Implied volatility signals a stock’s potential price movement as viewed by the investors.

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Schlumberger’s 7-day stock price forecast

Schlumberger’s stock could close between $61.63 and $65.01 in the next seven days, based on its implied volatility. Schlumberger’s 7-day stock price forecast is based on a normal distribution of stock prices, a standard deviation of 1, and a probability of 68.2%. SLB’s stock price was $63.32 on August 18, 2017.

Implied volatility for SLB’s peers

On August 18, 2017, Precision Drilling Corporation’s (PDS) implied volatility was ~57%, while Halliburton’s (HAL) implied volatility was ~25%. National Oilwell Varco’s (NOV) implied volatility was ~30% on August 18.

Crude oil’s implied volatility

On August 18, crude oil’s implied volatility was 26.3%. Since July 21, crude oil’s volatility has decreased. However, SLB’s implied volatility has not moved significantly during the same period. Since July 21, 2017, the S&P 500 Index (SPX-INDEX) has decreased 2%. The energy sector makes up 6.0% of SPX-INDEX.

Next, we’ll discuss short interest in Schlumberger.

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