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Concho Resources’ Implied Volatility after Its 4Q16 Earnings

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Concho Resources’ implied volatility

Concho Resources’ (CXO) current implied volatility is ~28.8%, ~3.3% lower than its 15-day average of 30%. 

Concho Resources’ implied volatility has fallen significantly since the start of 2016, when it peaked at 55% in February.

Concho Resources’ peers Oasis Petroleum (OAS) and Whiting Petroleum (WLL) have implied volatilities of 49.4% and 49.2%, respectively. These companies make up 6% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

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