Implied volatility trends
The current implied volatility in Whiting Petroleum (WLL) is ~55.9%, which is 0.53% lower than its 15-day average of 56.19%. In contrast, the broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~17.86%, 8.3% lower than the 15-day average of ~19.48%.
Forecasting WLL’s stock price range
Based on Whiting Petroleum’s implied volatility of ~55.9% and assuming a normal distribution of stock prices with one standard deviation, or a probability of 68.0%, Whiting Petroleum stock will likely close between $49.44 and ~$57.74 by the end of the week to July 16.
In comparison, WLL’s peer Anadarko Petroleum (APC) has a forecasted stock range of $64.04 to $86.90 based on its implied volatility of 30.49% at the end of the week to July 16. In the same period, Oasis Petroleum (OAS) will likely close between $10.12 and $16.42 based on 47.77% implied volatility. Sanchez Energy (SN) is expected to range between $3.33 and $6.69 based on implied volatility of 67.54%. In comparison, XLE is likely to close between $70.50 and $84.22 based on an implied volatility of ~17.86%.
Next, we’ll discuss analysts’ opinions about Whiting Petroleum.
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