Where Chesapeake’s Implied Volatility Could Go This Week
Chesapeake Energy’s (CHK) current implied volatility is 58.79%—4.8% higher than its 15-day average of 56%. By comparison, Noble Energy (NBL) and EQT (EQT) had implied volatilities of ~33% and ~28.6%, respectively.
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To learn about how these companies performed in 2Q17, you can check out Market Realist’s “Noble Energy Reported an Earnings Beat, Revenues in Line” and the series EQT’s Stock Rises after 2Q17 Earnings: Key Takeaways.
To know about how CHK performed in 2Q17, check out the series Chesapeake Energy Stock Fell despite Strong 2Q17 Earnings.
Stock price forecasts for CHK
Based on Chesapeake Energy’s implied volatility of ~59%, we can estimate its stock range over the next seven days. Assuming prices are normally distributed (with a standard deviation of one), Chesapeake stock can be expected to close between $3.35 and $3.94 over the next week. The stock is likely to stay in this range 68% of the time.
Next, we’ll discuss what Wall Street analysts think about Chesapeake Energy stock.