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Oil States International’s Next 7-Day Stock Price Forecast

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Oil States International’s implied volatility

On April 18, 2018, Oil States International’s (OIS) implied volatility was 40.4%. Since April 18, 2017, Oil States International’s implied has increased from 34.5% to the current level.

On February 14, 2018, Oil States International’s 4Q17 and fiscal 2017 financial results were released. Since then, the company’s implied volatility has decreased from 44% to the current level. Since February 14, 2018, Oil States International’s stock price has increased nearly 13%. Oil States International accounts for 1.8% of the VanEck Vectors Oil Services ETF (OIH). OIH tracks an index of 25 oilfield equipment and services companies. OIH has increased ~11% since February 14, 2018.

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Oil States International’s seven-day stock price forecast

Oil States International stock will likely close between $34.42 and $30.78 in the next seven days based on its implied volatility. Oil States International’s seven-day stock price forecast considers a normal distribution of stock prices and one standard deviation probability of 68.2%. Oil States International’s stock price was $32.60 on April 18, 2018.

Peers’ implied volatility           

On April 18, Halliburton’s (HAL) implied volatility was 27.5%. Halliburton’s stock price could vary between $54.07 and $50.11 in the next seven days. CARBO Ceramics’ (CRR) implied volatility was 88.5% on April 18. CARBO Ceramic’s stock price could range between $9.58 and $7.48 in the next seven days. McDermott International’s (MDR) implied volatility was 53.6% on April 18. McDermott International’s stock price could vary between $6.71 and $5.70 in the next seven days. To learn more, read 1Q18 Earnings Preview: What to Expect from Halliburton.

Crude oil’s implied volatility

On April 18, 2018, crude oil’s implied volatility was 26.0%. Since February 14, 2018, crude oil’s volatility has increased, while Oil States International’s implied volatility has decreased during the same period.

Next, we’ll discuss Oil States International’s correlation coefficient with crude oil.

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