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What’s Schlumberger’s Next 7-Day Stock Price Forecast?

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Nov. 20 2020, Updated 12:59 p.m. ET

Schlumberger’s implied volatility

On December 29, 2017, Schlumberger’s (SLB) implied volatility was ~21%. On October 20, Schlumberger’s 3Q17 financial results were released. Since then, Schlumberger’s implied volatility has increased from 20% to this level. Since October 20, SLB’s stock price increased nearly 7%. SLB makes up 3.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES increased 14% since October 20, 2017.

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Schlumberger’s 7-day stock price forecast

Implied volatility for SLB’s peers         

National Oilwell Varco’s (NOV) implied volatility on December 29 was ~26%, which implies NOV’s stock price can vary between $37.31 and $34.73 in the next seven days. Helmerich & Payne’s (HP) implied volatility was ~30% on December 29, which implies HP’s stock price can range between $67.35 and $61.93 in the next seven days. Tidewater’s (TDW) implied volatility was ~39% on December 29, which implies TDW’s stock price can vary between $25.71 and $23.09 in the next seven days. Read about oilfield services companies in Market Realist’s Oilfield Services after 3Q17: SLB, HAL, BHGE, and NOV.

Crude oil’s implied volatility

On December 29, crude oil’s implied volatility was 17.6%. Since October 20, crude oil’s volatility decreased, while SLB’s implied volatility increased during the same period. The S&P 500 Index (SPX-INDEX) has increased 4% since October 20, 2017.

Next, we will discuss SLB’s correlation coefficient with crude oil.

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