Pilgrim Petroleum Stock Z Score

Understanding the fundamental principles of building solid financial models for Pilgrim Petroleum is extremely important. It helps to project a fair market value of Pilgrim Stock properly, considering its historical fundamentals such as Z Score. Since Pilgrim Petroleum's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Pilgrim Petroleum's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Pilgrim Petroleum's interrelated accounts and indicators.

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Based on the company's disclosures, Pilgrim Petroleum has a Z Score of 0.0. This is 100.0% lower than that of the Energy sector and 100.0% lower than that of the Oil & Gas E&P industry. The z score for all United States stocks is 100.0% higher than that of the company.

The Macroaxis Fundamental Analysis modules help investors analyze Pilgrim Petroleum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Pilgrim Petroleum using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Pilgrim Petroleum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Check out Pilgrim Petroleum Piotroski F Score and Pilgrim Petroleum Valuation analysis. To learn how to invest in Pilgrim Stock, please use our How to Invest in Pilgrim Petroleum guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Is Oil & Gas E&P space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Pilgrim Petroleum. If investors know Pilgrim will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Pilgrim Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Pilgrim Petroleum is measured differently than its book value, which is the value of Pilgrim that is recorded on the company's balance sheet. Investors also form their own opinion of Pilgrim Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Pilgrim Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Pilgrim Petroleum's market value can be influenced by many factors that don't directly affect Pilgrim Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Pilgrim Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pilgrim Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pilgrim Petroleum's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.