# Upstream Stocks with High and Low Implied Volatilities

By Rabindra SamantaUpdated

## High implied volatility

On July 18, 2016, Stone Energy Corporation (SGY) had the highest implied volatility among the upstream stocks. SGY’s implied volatility is ~287.4%, which is ~34.3% more than its 15-day average of 213.9%.

Now let’s take a look at the implied volatilities of other upstream stocks on July 18.

- Rex Energy Corporation (REXX) has an implied volatility of 172.9%, which is ~6.4% more than its 15-day average.
- Bonanza Creek Energy (BCEI) has an implied volatility of ~160.7%, which is ~15.0% more than its 15-day average.
- Comstock Resources (CRK) has an implied volatility of ~105.5%, which is ~50.5% lower than its 15-day average.
- Halcón Resources (HK) has an implied volatility of ~99.0%, which is 1.4% lower than its 15-day average.

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## Low implied volatility

On July 18, EOG Resources (EOG) had the lowest implied volatility among the upstream stocks. Its implied volatility is ~27.9%, which is ~9.8% lower than its 15-day average of ~31.0%.

Let’s look at some other upstream stocks with low implied volatilities on July 18:

- ConocoPhillips (COP) has an implied volatility of ~31.9%, which is 9.9% lower than its 15-day average.
- Noble Energy (NBL) has an implied volatility of ~32.7%, which is 11.9% lower than its 15-day average.
- EQT Corporation (EQT) has an implied volatility of ~32.8%, which is ~1.8% lower than its 15-day average.
- Pioneer Natural Resources (PXD) has an implied volatility of ~33.0%, which is 4.8% lower than its 15-day average.

In the next part of this series, we’ll look at the returns of some upstream stocks with high and low implied volatilities.