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How Andeavor Fared in 3Q17

PART:
1 2 3 4 5
Part 5
How Andeavor Fared in 3Q17 PART 5 OF 5

What’s Andeavor’s Stock Price Forecast for the Next 9 Days?

Implied volatility in ANDV

In the previous part, we looked at analyst ratings for Andeavor (ANDV). In this concluding part, we’ll review the changes in implied volatility in ANDV. We’ll also estimate Andeavor stock price range for the nine-day period ending November 17, 2017.

Andeavor (ANDV) posted its earnings on November 8, 2017, after the market closed. On the day, implied volatility in ANDV rose 1.0% to the current level of 22.4%, which was higher than the 30-day average implied volatility at 20.9%. On the day, Andeavor stock price fell 0.1%.

What&#8217;s Andeavor&#8217;s Stock Price Forecast for the Next 9 Days?

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Expected price range for Andeavor stock for nine-day period ending on November 17

Considering ANDV’s implied volatility of 22.4% and assuming a normal distribution of prices (bell curve model) and standard deviation of one (with a probability of 68.2%), Andeavor stock could close between $115.1 and $107.2 per share in the nine-day period post-earnings, ending on November 17.

Implied volatilities in peers

Like the trend in ANDV, implied volatility in Valero Energy (VLO) rose 0.2% to 18.9% on November 8. Also, implied volatilities in Delek US Holdings (DK) and PBF Energy (PBF) rose 5.4% and 1.1%, respectively, to 41.0% and 32.9%, respectively, on the day. DK stock price fell 0.5% on November 8. Also, VLO and PBF stock prices fell 0.2% and 0.9%, respectively, on the same day.

The SPDR Dow Jones Industrial Average ETF (DIA) saw a fall in its implied volatility by 0.6% to 7.0% on November 8. Also, the SPDR S&P 500 ETF (SPY) witnessed a decline in its implied volatility by 0.1% to 7.1% on the day. However, on November 8, DIA closed flat, whereas SPY rose 0.2%.

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