Apache’s Implied Volatility and Stock Price Range Forecast



Apache’s implied volatility

Currently, Apache’s (APA) implied volatility is ~31.7%, which is 1.2% higher than its 15-day average of ~31.3%.

Apache’s peers Concho Resources (CXO) and Continental Resources (CLR) have implied volatilities of ~27.9% and ~35.5%, respectively.

Read How Will Concho Resources Fare in 3Q17? to learn more about the 3Q17 expectations for Concho Resources’ 3Q17 earnings.

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Stock price forecasts

Apache’s implied volatility of ~32% can be used to forecast its stock range in the next seven days. Assuming a normal distribution of prices with one standard deviation, Apache stock will likely close between $38.53 and $42.07 in the next seven days. The stock will probably stay in this range 68% of the time.

Read Alpine High: The Motor Driving Apache’s Permian Growth Engine? to learn more about Apache.


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