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Forecasting Schlumberger’s Stock Price

Alex Chamberlin
Forecasting Schlumberger’s Stock Price

On April 20, Schlumberger’s (SLB) 1Q18 financial results were released, and its implied volatility was 24.1%. It fell to 21.5% by April 27, and its stock price fell 0.2%. SLB comprises 3.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES), which provides exposure to the oil and gas equipment and service segment of the energy sector. XES rose 2% between April 20 and April 27. Schlumberger’s seven-day stock price forecast