Implied volatility trends
The current implied volatility for Whiting Petroleum (WLL) stock is ~76.2%, which is ~13.5% higher than its 15-day average of ~67.1%.
Whiting Petroleum’s peers, Apache (APA) and Concho Resources (CXO) have lower implied volatilities of ~32% and ~25.3%, respectively. The broader energy sector is represented by the Energy Select Sector SPDR ETF (XLE). It has an implied volatility of ~15%.
Forecast for Whiting Petroleum stock
Assuming a normal distribution of stock prices, a standard deviation of one (a probability of 68.0%), and based on Whiting Petroleum’s implied volatility of ~76.2%, its stock will likely close between $6.33 and $7.83 in the next seven days.
In the next part, we’ll take a look at analysts’ target prices for Whiting Petroleum for the next 12 months.