What’s HLX’s Stock Price Forecast for Next 7 Days?


May. 14 2018, Updated 12:55 p.m. ET

Helix Energy Solutions Group’s implied volatility

On May 10, 2018, Helix Energy Solutions Group’s (HLX) implied volatility was 42.8%. On April 23, Helix Energy Solutions Group released its 1Q18 financial results. Since then, HLX’s implied volatility has fallen from 53% to this level. Since April 23, HLX’s stock price has increased nearly 29%. HLX makes up 1.8% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment. XES has increased ~6% since April 23.

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Helix Energy Solutions Group’s 7-day stock price forecast

Implied volatility for HLX’s peers        

Halliburton’s (HAL) implied volatility on May 10 was 24.5%, which implies HAL’s stock price can vary between $54.50 and $50.92 in the next seven days. CARBO Ceramics’ (CRR) implied volatility was 58.5% on May 10, which implies CRR’s stock price could range between $11.14 and $9.46 in the next seven days. TechnipFMC’s (FTI) implied volatility was 30.5% on May 10, which implies FTI’s stock price could vary between $32.99 and $30.31 in the next seven days. Read more about FTI in Market Realist’s TechnipFMC’s 1Q18 Earnings Missed Analysts’ Estimates.

Crude oil’s implied volatility

On May 10, crude oil’s implied volatility was 24.4%. Since April 23, 2018, crude oil’s volatility decreased, while HLX’s implied volatility also decreased during the same period.

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


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