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Will Whiting Petroleum Be Able to Cut Its Losses this Week?

PART:
1 2 3 4
Part 2
Will Whiting Petroleum Be Able to Cut Its Losses this Week? PART 2 OF 4

Whiting’s Implied Volatility: Forecasting Stock Price Range

Whiting Petroleum’s implied volatility

Currently, Whiting Petroleum (WLL) has an implied volatility of ~51.1%—5.4% lower than its 15-day average of ~54%.

Whiting’s Implied Volatility: Forecasting Stock Price Range

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In comparison, Whiting Petroleum’s peers Oasis Petroleum (OAS) and Newfield Exploration (NFX) have implied volatilities of ~49% and ~34%, respectively. These companies make up 6.3% of the Energy Select Sector SPDR ETF (XLE).

Using WLL’s implied volatility to forecast its stock price range

Based on Whiting Petroleum’s implied volatility and assuming a normal distribution of stock prices (statistically known as the “bell curve”) and one standard deviation (probability of 68.2%), WLL’s stock will likely close between $10.69 and $12.31 in the next seven days.

In the next part of this series, we’ll look at analysts’ price targets for WLL for the next 12 months.

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