Credo Petroleum Corporation (CRED)
Credo Petroleum Corporation Altman Z-Score: 4.511
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CRED Altman Z-Score Rankings
| Overall | 73rd percentile | 955 of 3550 |
| Sector | 80th percentile | 76 of 381 in Basic Materials |
| Industry | 85th percentile | 11 of 78 in Independent Oil & Gas |
CRED Altman Z-Score Range, Past 5 Years
| Minimum | 4.299 | Jan 2012 |
| Maximum | 13.96 | Jul 2009 |
| Average | 7.048 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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CRED News
Apr 26, 8:00AM GlobeNewswire
Apr 17, 8:00AM GlobeNewswire
Mar 26, 8:00AM GlobeNewswire
Feb 21, 8:00AM GlobeNewswire
Jan 18, 8:03AM Benzinga
about 131 days ago by Benzinga
Jan 18, 8:01AM Street Insider
Jan 10, 8:16AM Street Insider
Jan 10, 8:09AM Benzinga
Jan 04, 8:07AM Benzinga
about 271 days ago by TurnKeyOil
about 459 days ago by TheEquitiesRoom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRED | 10.90 | +0.00 | +0.00% | 109.44M |
| CRDC | 1.82 | +0.02 | +1.11% | 66.01M |
| CRDA | 3.31 | +0.04 | +1.22% | 178.04M |
| CRD.B | 3.56 | +0.04 | +1.14% | 179.92M |
| CRC | 1.24 | +0.09 | +7.82% | 7.961M |
| CRBQ | 40.28 | -0.33 | -0.80% | |
| CRBC | 16.22 | +0.14 | +0.87% | 649.61M |
| CRAY | 10.70 | +0.02 | +0.19% | 393.55M |
| CR | 38.50 | -0.30 | -0.77% | 2.236B |
| COST | 84.48 | +0.00 | +0.00% | 36.74B |
