uploads/2018/05/IV-10.jpg

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

By

Updated

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.

Article continues below advertisement

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.

Advertisement

More From Market Realist