Forecasting Chesapeake Energy’s Stock Range before Its Earnings

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.