Nabors Industries’ 7-Day Stock Price Forecast on September 1



Nabors Industries’ implied volatility

On September 1, 2017, Nabors Industries’ (NBR) implied volatility was 52.0%. Since its 2Q17 financial results were announced on August 2, 2017, its implied volatility has fallen from 60.0% to the current level. NBR makes up 3.1% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES fell 22.0% in the past year compared to a 35.0% fall in NBR stock. Implied volatility signals a stock’s potential price movement as viewed by the option holders.

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Nabors Industries’ 7-day stock price forecast

Based on its implied volatility, Nabors Industries stock could close between $7.09 and $6.13 in the next seven days. Its seven-day stock price forecast is based on a normal distribution of stock prices and one standard deviation probability of 68.2%. NBR stock was trading at $6.61 on September 1, 2017.

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Implied volatility for NBR’s peers

Helmerich & Payne’s (HP) implied volatility on September 1, 2017, was ~31.0%, while Precision Drilling’s (PDS) implied volatility was ~55.0%. Tidewater’s (TDW) implied volatility was ~88.0% on the same day.

Crude oil’s implied volatility

On September 1, 2017, crude oil’s implied volatility was 26.3%. Since August 2, 2017, crude oil’s volatility has fallen. NBR’s implied volatility also fell during the same period. Since August 2, 2017, the S&P 500 Index (SPX-INDEX) has remained unchanged. The energy sector makes up 6.0% of the SPX-INDEX.

Next, we’ll look at short interest in Nabors Industries.


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