Whiting Petroleum’s Implied Volatility and Stock Price Range
Whiting Petroleum’s implied volatility
Whiting Petroleum’s (WLL) current implied volatility is ~65%, which is ~5.1% lower than its 15-day average of ~62.2%.
Interested in APA? Don't miss the next report.
Receive e-mail alerts for new research on APA
Whiting Petroleum’s implied volatility is significantly higher than its peers. Apache (APA), Concho Resources (CXO), and Newfield Exploration (NFX) have implied volatilities of ~29.2%, 25%, and ~34.2%, respectively.
Stock price forecasts
Based on Whiting Petroleum’s implied volatility of ~65% and assuming a normal distribution of prices with a standard deviation of one, we can forecast its stock range in the next 30 days. Whiting Petroleum stock will likely close between $4.58 and $6.70 in the next 30 days and stay in that range 68.0% of the time.
Read Does Whiting Stock Have More Room to Rise? to learn more about Whiting Petroleum’s stock movements. In the next part, we’ll look at the short interest trends in Whiting Petroleum stock.