Nabors Industries’ Stock Price Forecast for the Next 7 Days



NBR’s implied volatility in context

On October 12, 2017, Nabors Industries’ (NBR) implied volatility was ~55%. Nabors Industries’ 2Q17 earnings were announced on August 2, 2017. Since then, its implied volatility has decreased from 60% to the current level.

A stock’s potential movement is indicated by implied volatility (or IV), as viewed by the options traders. Implied volatility can decrease in a bullish market and increase in a bearish market.

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Stock price forecast for Nabors Industries

NBR stock could close between $6.70 and $7.80 in the next seven days. NBR’s stock price was $7.25 on October 12, 2017. This estimate considers Nabors Industries’ implied volatility and assumes a normal distribution of stock prices, a standard deviation of 1, and a probability of 68.2%.

NBR comprises 0.15% of the Vanguard Energy ETF (VDE). VDE has increased 5% since June 30, 2017, compared to an 11% fall in NBR’s stock price during this period.

Implied volatility: Comparison with peers

Flotek Industries’ (FTK) implied volatility on October 12, 2017, was ~74%. This IV reading implies that FTK’s stock price can range between $4.29 and $5.27 in the next seven days.

Halliburton’s (HAL) implied volatility was ~24% on October 12, which suggests that HAL’s stock price can range between $43.25 and $46.27 in the next seven days.

The implied volatility for Helix Energy Solutions (HLX) was ~63% on October 12. This implies that HLX’s stock price can range between $7.09 and $8.45 in the next seven days. On October 12, 2017, crude oil’s implied volatility was 24%.

Next, we’ll discuss whether investors have shown interest in NBR stock, as indicated by its short interest.


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