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What’s Apache’s Stock Price Forecast?

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Jun. 28 2018, Updated 5:44 a.m. ET

Apache’s implied volatility

The current implied volatility in Apache’s stock (APA) is ~33.4%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of 18.7%.

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Stock price forecasts

Apache’s implied volatility of ~33% can be used to forecast its stock range in the next three months. Assuming a normal distribution of prices with one standard deviation, Apache stock will likely close between $41.15 and $45.13 in the next three months. The stock will probably stay in this range 68% of the time. APA stock is currently trading at $43.14.

In comparison, APA’s peer Hess Corporation’s (HES) stock is expected to range between $61.62 and $67.52 based on implied volatility of ~33% in the same period.

Concho Resources (CXO) has a forecasted stock range of $121.51 and $133.21 based on implied volatility of 33.5% in the three months leading to September. In the same period, Continental Resources (CLR) will likely close between $63.13 and $69.27 based on 33.16% implied volatility.

In the next article, we’ll discuss analysts’ opinions about Apache.

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