What’s Nabors Industries’ Stock Price Forecast This Week?


Jul. 9 2018, Updated 5:20 p.m. ET

Nabors Industries’ implied volatility

Nabors Industries’ (NBR) implied volatility was 51.3% as of July 6. NBR’s first-quarter financial results were released on May 1. Between May 1 and July 6, Nabors Industries’ implied volatility has fallen from 58% to the current level. The company’s stock price decreased 13.7% during this period.

Nabors Industries accounts for 2.6% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the energy sector’s oil and gas equipment and service segment. XES remained nearly unchanged between May 1 and July 6.

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Nabors Industries’ stock price forecast this week

Nabors Industries stock will likely close between $6.74 and $5.84 by July 13 based on its implied volatility. The forecast considers a normal distribution of stock prices and one standard deviation probability of 68.2%. Nabors Industries’ stock price closed at $6.29 on July 6.

Implied volatility for Nabors Industries’ peers        

  • National Oilwell Varco’s (NOV) implied volatility as of July 6 was 30%, which implies a stock price of $46.09–$42.34 by July 13.
  • Helmerich & Payne’s (HP) implied volatility as of July 6 was 31.3%, which implies a stock price of $68.30–$62.62 by July 13.
  • McDermott International’s (MDR) implied volatility as of July 6 was 45.6%, which implies a stock price of $19.01–$16.75 by July 13.

Crude oil’s implied volatility

As of July 6, crude oil’s implied volatility was 25.5%, which implies a crude oil price of $76.41–$71.19 by July 13.

Next, we’ll discuss Nabors Industries’ correlation coefficient with crude oil.


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