Weatherford’s implied volatility in context
On July 17, Weatherford International’s (WFT) implied volatility (or IV) was ~65.2%. Weatherford International’s first-quarter earnings were announced on April 24. Since then, its implied volatility has increased from ~63.0% to its current level. Since April 24, WFT’s stock price has increased 23.0%. Implied volatility points to a stock’s potential movement, as viewed by investors.
Stock price forecast for Weatherford International
In view of Weatherford International’s implied volatility and assuming a normal distribution of stock prices and one standard deviation probability of 68.2%, WFTs stock is expected to close between $3.77 and $3.03 by July 27. WFT’s stock price was $3.40 on July 17.
Implied volatility: Comparison with peers
Flotek Industries’ (FTK) implied volatility was ~74.0% on July 17. This implies that FTK’s stock price can range between $3.29 and $2.57 by July 27.
CARBO Ceramics’ (CRR) implied volatility was ~75.0% on July 17. This implies that CRR’s stock price can range between $10.80 and $8.42 by July 27.
Halliburton’s (HAL) implied volatility was 29.7% on July 17. This implies that HAL’s stock price can vary between $47.27 and $42.85 by July 27.
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Next, we’ll discuss investors’ short interest in WFT stock.