HAL’s implied volatility in context
Halliburton’s (HAL) first-quarter financial results were released on April 23. From April 23 to July 6, Halliburton’s implied volatility has increased from 25.0% to 28.0%. The company’s stock price decreased 14.0% during this period.
Stock price forecast for Halliburton
Based on its implied volatility, Halliburton (HAL) stock is expected to close between $42.31 and $47.55 by July 23. The forecast considers a normal distribution of stock prices and a 1.0 standard deviation probability of 68.2%. Halliburton’s stock price closed at $44.93 on July 6.
Implied volatility: Comparison with peers
- National Oilwell Varco’s (NOV) implied volatility on July 6 was 30.0%, which implies a stock price of $41.39–$47.13 by July 23.
- Helix Energy Solutions Group’s (HLX) implied volatility on July 6 was 52.2%, which implies a stock price of $7.11–$8.91 by July 23.
- TechnipFMC’s (FTI) implied volatility on July 6 was 36.0%, which implies a stock price of $28.26–$33.03 by July 23.
Crude oil’s implied volatility
On July 6, crude oil’s implied volatility was 25.5%, which implies a crude oil price range of $69.74–77.86 by July 23.
In the final part of this series, we’ll see what the sell-side analysts recommend for Halliburton stock.