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What’s the Forecast for Whiting Petroleum Stock?

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Implied volatility trends

Current implied volatility in Whiting Petroleum (WLL) is ~61%. Peers Oasis Petroleum (OAS) and Concho Resources (CXO) have implied volatilities of ~58.7% and ~31.5%, respectively. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~20%.

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WLL’s stock price range forecasts

Based on Whiting Petroleum’s implied volatility of ~61% and assuming a normal distribution of stock prices with a standard deviation of one (or a probability of 68.0%), Whiting Petroleum stock will likely close between $21.36 and $25.30 in the next seven days. In the next article, we’ll discuss analysts’ opinions about Whiting Petroleum in the next 12 months.

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