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Forecasting Schlumberger’s Stock Price

Alex Chamberlin
Forecasting Schlumberger’s Stock Price

Between January 19 and April 20, when Schlumberger (SLB) announced its 4Q17 and 1Q18 financial results, its implied volatility rose to 24.1% from 21%, and its stock price fell ~9%. 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 has fallen ~10% since January 19. Schlumberger’s seven-day stock price forecast