Credo Petroleum Corporation (CRED)

10.90 +0.00  +0.00%  May 25, 11:00PM Go Pro
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Credo Petroleum Corporation Beneish M-Score: -2.959

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CRED Beneish M-Score Rankings

Overall 72nd percentile 1017 of 3761
Sector 80th percentile 75 of 393 in Basic Materials
Industry 69th percentile 19 of 63 in Independent Oil & Gas

CRED Beneish M-Score Range, Past 5 Years

Minimum -4.475 Oct 2009
Maximum -2.320 Oct 2008
Average -3.144

About Beneish M Score

The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.

The best cut-off point depends on the costs mistakenly classifying in one of two ways:

1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).

Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):

M Score HTML Table:

ScoreRelative Error Costs
(Type I:Type II)
M Score > -1.49 (10:1)
M Score > -1.78 (20:1)
M Score > -1.89 (40+:1)


Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.

If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.

Learn More

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CRED News

$CRED filed latest Quarterly Report http://stks.co/2pSW
about 76 days ago by MarketBrief
$CRED filed latest Quarterly Report http://stks.co/2nej
about 77 days ago by MarketBrief
$CRED Michael Davis Appointed Chief Operating Officer and Interim Chief Executive Officer
about 131 days ago by Benzinga
$CRED filed latest Annual Report http://stks.co/1xGE
about 132 days ago by MarketBrief
Small Oil Companies Making the Best of the Bakken http://stks.co/33Z $AXAS $CRED $USEG
about 271 days ago by TurnKeyOil
$CRED http://chart.ly/m6c9jba Moved out of wedge formation yesterday. Stopped right at early Feb. highs.
about 459 days ago by TheEquitiesRoom
Small cap energy plays on today's radar w/ decent charts: $MILL $HNR $HERO $PKD $PSTR $WRES $AXAS $CXPO $CPE $EGY $GTE $PQ $CRED
about 459 days ago by TheEquitiesRoom
$cred publishes bakken well results, stock up 4%
about 831 days ago by lordezar

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
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