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Apache Corp’s Stock Price Outlook

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Apache Corp’s implied volatility

On February 6, 2017, Apache Corp’s (APA) implied volatility was ~30.6%—11.4% higher than its 15-day average of ~27.5%.

Apache Corp’s peers Concho Resources (CXO) and Sanchez Energy (SN) have implied volatility of ~30.2% and ~62%, respectively.

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Forecasting APA’s stock price range

Based on Apache Corp’s implied volatility, and assuming a normal distribution of stock prices and one standard deviation with a probability of 68.2%, APA’s stock will close between $55.41 and $60.33 in the next seven days.

In the next part of this series, we’ll look at analysts’ price targets for APA for the next 12 months.

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