What’s the Forecast for Oasis Stock ahead of Q2 Earnings?

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%. 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.