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

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Schlumberger’s implied volatility

On January 26, 2018, Schlumberger’s (SLB) implied volatility was 22.4%. On January 19, 2018, Schlumberger’s 4Q17 financial results were released. Since then, Schlumberger’s implied volatility has increased from 21% to 22.4%. Since January 19, Schlumberger’s stock price has increased nearly 1.6%. Schlumberger accounts for 3.4% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES has decreased 1% since January 19, 2018.

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Schlumberger’s seven-day stock price forecast

Schlumberger stock will likely close between $80.01 and $75.21 in the next seven days—based on its implied volatility. Schlumberger’s seven-day stock price forecast considers a normal distribution of stock prices and one standard deviation probability of 68.2%. Schlumberger’s stock price was $77.61 on January 26, 2018.

Implied volatility for Schlumberger’s peers         

On January 26, National Oilwell Varco’s (NOV) implied volatility was ~30%, which implies that its stock price could vary between $39.29 and $36.13 in the next seven days. Helmerich & Payne’s (HP) implied volatility was ~28% on January 26. Helmerich & Payne’s stock price could range between $77.00 and $71.18 in the next seven days. Tidewater’s (TDW) implied volatility was ~45% on January 26. Tidewater’s stock price could vary between $29.48 and $26.02 in the next seven days. To learn more, read Schlumberger: What to Expect after Strong 4Q17 Earnings.

Crude oil’s implied volatility

On January 26, crude oil’s implied volatility was 19.5%. Since January 19, 2018, crude oil’s volatility increased. Schlumberger’s implied volatility increased during the same period. The S&P 500 Index (SPX-INDEX) has increased 2.2% since January 19, 2018.

Next, we’ll discuss Schlumberger’s correlation coefficient with crude oil.

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