Energen Stock Current Ratio
Energen fundamentals help investors to digest information that contributes to Energen's financial success or failures. It also enables traders to predict the movement of Energen Stock. The fundamental analysis module provides a way to measure Energen's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Energen stock.
Energen |
Energen Company Current Ratio Analysis
Energen's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Energen Current Ratio | 0.43 X |
Most of Energen's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Energen is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, Energen has a Current Ratio of 0.43 times. This is 69.29% lower than that of the sector and 85.02% lower than that of the Current Ratio industry. The current ratio for all United States stocks is 80.09% higher than that of the company.
Energen Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Energen's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Energen could also be used in its relative valuation, which is a method of valuing Energen by comparing valuation metrics of similar companies.Energen is currently under evaluation in current ratio category among related companies.
Energen Fundamentals
| Return On Equity | 0.0012 | |||
| Return On Asset | 8.0E-4 | |||
| Profit Margin | 0 % | |||
| Operating Margin | 18.08 % | |||
| Current Valuation | 7.52 B | |||
| Shares Outstanding | 97.53 M | |||
| Shares Owned By Insiders | 0.94 % | |||
| Shares Owned By Institutions | 90.56 % | |||
| Number Of Shares Shorted | 2.64 M | |||
| Price To Earning | 16.68 X | |||
| Price To Book | 1.95 X | |||
| Price To Sales | 5.09 X | |||
| Revenue | 1.38 B | |||
| Gross Profit | 755.85 M | |||
| EBITDA | 779.28 M | |||
| Net Income | 423.05 M | |||
| Cash And Equivalents | 17.06 M | |||
| Cash Per Share | 0.17 X | |||
| Total Debt | 953.17 M | |||
| Debt To Equity | 26.40 % | |||
| Current Ratio | 0.43 X | |||
| Book Value Per Share | 27.57 X | |||
| Cash Flow From Operations | 949.69 M | |||
| Short Ratio | 2.43 X | |||
| Earnings Per Share | 4.32 X | |||
| Price To Earnings To Growth | 0.16 X | |||
| Number Of Employees | 390 | |||
| Beta | 2.04 | |||
| Market Capitalization | 7.03 B | |||
| Total Asset | 4.61 B | |||
| Retained Earnings | 1.55 B | |||
| Working Capital | (41.18 M) | |||
| Current Asset | 246.34 M | |||
| Current Liabilities | 287.52 M | |||
| Z Score | 4.2 | |||
| Five Year Return | 5.07 % | |||
| Last Dividend Paid | 0.11 |
Pair Trading with Energen
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 Energen 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 Energen will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to HP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HP 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 HP - 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 HP Inc to buy it.
The correlation of HP 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 HP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HP Inc 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 HP 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.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Energen information on this page should be used as a complementary analysis to other Energen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in Energen Stock
If you are still planning to invest in Energen check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Energen's history and understand the potential risks before investing.
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