Schlumberger’s implied volatility

Schlumberger (SLB) released its second-quarter financial results on July 20. Between July 20 and July 27, Schlumberger’s implied volatility decreased from ~21.6% to 20.1%. The company’s stock price increased 1.4% during this period. Schlumberger accounts for 3.0% 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 increased 1.5% between July 20 and July 27.

What’s Schlumberger’s Stock Price Forecast This Week?

Schlumberger’s stock price forecast this week

Schlumberger stock will likely close between $68.91 and $65.17 by August 3 based on its implied volatility. The forecast considers a normal distribution of stock prices and one standard deviation probability of 68.2%. Schlumberger’s stock price closed at $67.04 as of July 27.

Implied volatility for Schlumberger’s peers 

  • National Oilwell Varco’s (NOV) implied volatility as of July 27 was 25.3%, which implies a stock price of $48.56–$45.26 by August 3.
  • Helmerich & Payne’s (HP) implied volatility as of July 27 was 29.3%, which implies a stock price of $63.30–$58.36 by August 3.
  • McDermott International’s (MDR) implied volatility as of July 27 was 46.9%, which implies a stock price of $18.94–$16.64 by August 3.

Crude oil’s implied volatility

As of July 27, crude oil’s implied volatility was 22.7%, which implies crude oil prices of $70.85–$66.53 by August 3.

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

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