Oil Country Price To Book vs. Book Value Per Share
| OILCOUNTUB | 68.60 1.40 2.00% |
For Oil Country profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Oil Country to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Oil Country Tubular utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Oil Country's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Oil Country Tubular over time as well as its relative position and ranking within its peers.
Oil |
Oil Country Tubular Book Value Per Share vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Oil Country's current stock value. Our valuation model uses many indicators to compare Oil Country value to that of its competitors to determine the firm's financial worth. Oil Country Tubular is considered to be number one stock in price to book category among its peers. It also is considered to be number one stock in book value per share category among its peers creating about 25.25 of Book Value Per Share per Price To Book. Comparative valuation analysis is a catch-all model that can be used if you cannot value Oil Country by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Oil Country's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Oil Book Value Per Share vs. Price To Book
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Oil Country |
| = | 1.74 X |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Oil Country |
| = | 43.98 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Oil Book Value Per Share Comparison
Oil Country is currently under evaluation in book value per share category among its peers.
Oil Country Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Oil Country, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Oil Country will eventually generate negative long term returns. The profitability progress is the general direction of Oil Country's change in net profit over the period of time. It can combine multiple indicators of Oil Country, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 1.7 B | 1.8 B | |
| Operating Income | -643.1 M | -610.9 M | |
| Income Before Tax | -688.2 M | -653.8 M | |
| Total Other Income Expense Net | -57.7 M | -60.6 M | |
| Net Loss | -634 M | -602.3 M | |
| Income Tax Expense | -54.2 M | -51.5 M | |
| Net Loss | -634 M | -602.3 M | |
| Net Income Applicable To Common Shares | 1.2 B | 1.3 B | |
| Interest Income | 137.2 M | 197.2 M | |
| Net Interest Income | -68.8 M | -72.3 M | |
| Change To Netincome | 281.1 M | 184.7 M |
Oil Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Oil Country. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Oil Country position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Oil Country's important profitability drivers and their relationship over time.
Use Oil Country in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Oil Country position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Oil Country will appreciate offsetting losses from the drop in the long position's value.Oil Country Pair Trading
Oil Country Tubular Pair Trading Analysis
The ability to find closely correlated positions to Oil Country could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oil Country when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oil Country - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oil Country Tubular to buy it.
The correlation of Oil Country is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Oil Country moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oil Country Tubular moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Oil Country can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Oil Country position
In addition to having Oil Country in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Israel Wall Street
Cross-sector collection of best publicly traded Israel entities that are expected to continue growing. The Israel Wall Street theme has 71 constituents at this time.
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Other Information on Investing in Oil Stock
To fully project Oil Country's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Oil Country Tubular at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Oil Country's income statement, its balance sheet, and the statement of cash flows.