Reading Whiting’s Implied Volatility: Potential Stock Price Range for Next Week
Whiting stock’s implied volatility
Whiting Petroleum’s (WLL) current implied volatility is~61%, which is 0.55% lower than its 15-day average of ~61.4%.
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By comparison, peers Continental Resources (CLR) and Concho Resources (CXO) have lower implied volatilities of ~34.5% and ~24.7%, respectively. The broader energy sector, the Energy Select Sector SPDR ETF, has an implied volatility of 12.6%.
WLL’s implied volatility and stock price range forecast
Based on WLL’s implied volatility and assuming a normal distribution of stock prices with a standard deviation of one (probability of 68%), in the next seven days, WLL’s stock will likely close between $4.49 and $5.31.
In the next part of this series, we’ll examine the analysts’ price targets for WLL for the next 12 months.