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%.
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.