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Predicting Whiting Petroleum’s Price Range

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Whiting Petroleum’s implied volatility

Currently, Whiting Petroleum (WLL) has an implied volatility of ~56.8%. In comparison, Whiting Petroleum’s peers Oasis Petroleum (OAS) and Continental Resources (CLR) have implied volatilities of ~49.5% and ~34%, respectively.

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Using implied volatility to forecast stock price range

Based on Whiting Petroleum’s implied volatility and assuming a normal distribution of stock prices using the bell curve and a standard deviation of one with a probability of 68.2%, Whiting Petroleum stock will likely close between $7.57 and $8.87 in the next seven days.

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

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