Anadarko Petroleum’s Volatility Has Fallen Steeply since 2016

On February 1, 2017, Anadarko Petroleum’s (APC) implied volatility was 27.7%, about 1% lower than its 15-day average of ~28%. Its implied volatility has fallen significantly since the beginning of 2016.

The highest volatility seen by Anadarko Petroleum in the past year was 76% on February 11, 2016.

Anadarko’s peers Apache (APA) and Continental Resources (CLR) have implied volatilities of ~28% and 40%, respectively.

All of the above-mentioned companies account for a combined 6% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).