24 Jul

Forecasting Chesapeake Energy’s Stock Range before Its Earnings

WRITTEN BY Keisha Bandz

Implied volatility

The current implied volatility in Chesapeake Energy stock (CHK) is ~61.96%—1.07% higher than its 15-day average of 61.30%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~17.8%, which is ~2.49% lower than its 15-day average of $18.25.

Forecasting Chesapeake Energy’s Stock Range before Its Earnings

Stock price forecast

Assuming a normal distribution of stock prices with a standard deviation of one and based on Chesapeake Energy’s implied volatility of ~61.96%, we can estimate that the stock could close between $4.08 and $5.02 until its second-quarter earnings release on August 1. Chesapeake Energy stock should stay within this range ~68% of the time.

Antero Resources (AR) has a stock range of $19.96–$22.12 during the same period based on its implied volatility of ~30.95%. Noble Energy (NBL) has a stock price range of $32.54–$36.62 based on its implied volatility of 35.64%. Cabot Oil & Gas (COG) has a stock range of $22.86–$25.74 based on its implied volatility of 35.71% during the same period.

Next, we’ll discuss analysts’ recommendations for Chesapeake Energy stock.

Latest articles

Currently, 33 states and Washington, D.C., have legalized medical cannabis, but it's illegal in Kansas. Even having a small amount is considered a crime.

On November 8, Arkansas joined the other eight states that support the DOJ's decision to approve the proposed T-Mobile (TMUS) and Sprint (S) merger deal.

One thing about Tesla's China Gigafactory that's surprised bulls and bears alike is the impressive progress the facility has made.

Nvidia plans to announce its earnings for Q3 of fiscal 2020 on November 14 after the bell. Analysts expect its revenue to fall 8.2% YoY to $2.92 billion.

In the week that ended on November 8, WTI crude oil prices rose 1.9% and closed at $57.24 per barrel. However, oversupply concerns limited the upside.

Today, Donald Trump tweeted a comment by JPMorgan Chase CEO Jamie Dimon suggesting Trump's China tariffs have hit the country hard.