What Whiting Petroleum’s Implied Volatility Tells Us
Whiting stock’s implied volatility
Whiting Petroleum’s (WLL) current implied volatility is ~62.0%, which is 0.40% lower than its 15-day average of ~61.7%.
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By comparison, peers Continental Resources (CLR) and Concho Resources (CXO) have implied volatilities of ~33.5% and ~24%, respectively. The broader energy sector, or the Energy Select Sector SPDR ETF, has an implied volatility of ~12.5%.
WLL’s stock price range forecast using implied volatility
Based on WLL’s implied volatility (and assuming a normal distribution of stock prices, with a standard deviation of one and a probability of 68%), WLL’s stock could likely close between $4.66 and $5.54 over the next seven days.
Continue to the next part to read more about the analysts’ price targets for WLL for the next 12 months.