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Continental Resources’ Implied Volatility after 3Q16 Earnings

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Nov. 7 2016, Updated 8:06 a.m. ET

Implied volatility

Continental Resources’ (CLR) current implied volatility is 45.8%—about 0.5% lower than its 15-day average of about 46%. As we note in the graph below, Continental Resources’ implied volatility has fallen considerably since the start of 2016.

CLR’s implied volatility was as high as 116% in January this year.

In comparison, peers Oasis Petroleum (OAS) and Whiting Petroleum (WLL) have implied volatilities of 73.2% and 75.6%, respectively. These companies make up 6% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). In the next and final part of this series, we’ll check in with analyst recommendations.

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