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Continental Resources’ Stock Range before Its Earnings

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Implied volatility

The current implied volatility for Continental Resources (CLR) stock is ~39.46%, which is 0.81% higher than its 15-day average of ~39.14%.

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Stock price range forecast

Based on Continental Resources’ implied volatility—assuming a normal distribution of stock prices with one standard deviation or a probability of 68%—the stock could close between $56.56 and $65.66 in the next two weeks before its second-quarter earnings are released.

Hess (HES) has a stock price range of $60.56–$68.46 in the next two weeks—based on its implied volatility of 32.44%. Concho Resources (CXO) has a stock price range of $139.06–$158.74—based on its implied volatility of 35.03% during the same period. Apache (APA) has a stock price range of $42.60–$48.78 in the next two weeks—based on its implied volatility of 35.87%.

Next, we’ll discuss analysts’ target price for Continental Resources for the next 12 months.

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