Oasis Petroleum’s implied volatility
Oasis Petroleum (OAS) stock has a current implied volatility of ~50.2%, which is ~1.95% higher than its 15-day average of 49.26%. In comparison, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~17.8%, which is 5.86% lower than the 15-day average of ~18.91%.
Oasis Petroleum’s stock price range forecast
Assuming that prices are normally distributed with a standard deviation of one (or a probability of 68.2%), based on Oasis Petroleum’s implied volatility of ~50.22%, we can forecast Oasis Petroleum’s stock to close between $10.75 and $13.09 in the next two weeks.
OAS’s peer Hess Corporation (HES) has a stock price range of $59.82–$68.46 in the next two weeks based on its implied volatility of 35.69%. Concho Resources (CXO) has a stock price range of $139.93–$159.39 based on its implied volatility of 34.44% in the same period. Apache Corporation (APA) has a stock price range of $41.29–$47.63 in the next two weeks based on its implied volatility of 37.79%.
Next, we’ll discuss analysts’ price targets for Oasis Petroleum for the next 12 months.