Halliburton’s Next 7-Day Stock Price Forecast

Alex Chamberlin - Author

Mar. 26 2018, Updated 2:50 p.m. ET

Halliburton’s implied volatility

Halliburton’s (HAL) implied volatility was 32.3% on March 23, 2018. On January 22, 2018, the day Halliburton released its 4Q17 earnings, its implied volatility was 23%. Since then, Halliburton’s implied volatility has increased. Halliburton accounts for 3.2% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the energy sector’s oil and gas equipment and services segment. XES has decreased 21% since January 22—compared to an 18% fall in Halliburton’s stock price during the same period. The implied volatility signals a stock’s potential price movement as viewed by the option holders.

Article continues below advertisement
Article continues below advertisement

Halliburton’s seven-day stock price forecast

Halliburton stock will likely close between $48.52 and $44.36 in the next seven days—based on its implied volatility. Halliburton’s seven-day stock price forecast is based on a normal distribution of stock prices and one standard deviation probability of 68.2%. Halliburton’s stock price was $46.44 on March 23.

Implied volatility for Halliburton’s peers       

On March 23, TechnipFMC’s (FTI) implied volatility was 35.6%. TechnipFMC’s stock price could vary between $30.84 and $27.94 in the next seven days. McDermott International’s (MDR) implied volatility was 45.6% on March 23. McDermott International’s stock price could range between $7.11 and $6.27 in the next seven days. Weatherford International’s (WFT) implied volatility was ~71% on March 23. Weatherford International’s stock price could vary between $2.62 and $2.16 in the next seven days.

Crude oil’s implied volatility

On March 23, crude oil’s implied volatility was 24.7%. Since January 22, 2018, crude oil’s volatility has increased. Halliburton’s implied volatility also increased during the same period.

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


Latest Halliburton Co News and Updates

    Opt-out of personalized ads

    © Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.