Returns of E&P stocks with high implied volatility
As we saw in the previous part, Rex Energy (REXX) has the highest IV (implied volatility) figures among all upstream companies. REXX has lost 31% on a YTD (year-to-date) basis. However, in the last five days, it has gained 20.8%.
Stone Energy (SGY), EXCO Resources (XCO), and Comstock Resources (CRK) have lost 84.9%, 36.1%, and 66.8% on a YTD basis, respectively. On the other hand, Approach Resources (AREX) has gained 47.3% on a YTD basis. The five-day returns for these stocks were 80.2%, 25.4%, -4.2%, and 5.9%, respectively.
Returns of upstream stocks with low implied volatility
Occidental Petroleum (OXY) had the lowest IV figures among all upstream companies on May 27, 2016, as we saw in the previous part. OXY has returned 12.7% on a YTD (year-to-date) basis. In the last five trading days, it rose 1.6%.
EOG Resources (EOG), EQT (EQT), Diamondback Energy (FANG), and Pioneer Natural Resources (PXD) have lost 15.2%, 40.3%, 38.8%, and 28.9%, respectively, on a YTD basis. The five-day returns for these stocks were 0.8%, 5.3%, 6.7%, and -1.7%, respectively.