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Oil and Natural Gas Corporation Limited
Buy, Hold or Sell?

Let's analyze Oil and Natural Gas Corporation Limited together

I guess you are interested in Oil and Natural Gas Corporation Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Oil and Natural Gas Corporation Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Oil and Natural Gas Corporation Limited (30 sec.)










What can you expect buying and holding a share of Oil and Natural Gas Corporation Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.67
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR223.08
Expected worth in 1 year
INR290.31
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
INR123.22
Return On Investment
38.6%

For what price can you sell your share?

Current Price per Share
INR319.50
Expected price per share
INR286.50 - INR
How sure are you?
50%
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1. Valuation of Oil and Natural Gas Corporation Limited (5 min.)




Live pricePrice per Share (EOD)

INR319.50

Intrinsic Value Per Share

INR265.52 - INR385.77

Total Value Per Share

INR488.61 - INR608.86

2. Growth of Oil and Natural Gas Corporation Limited (5 min.)




Is Oil and Natural Gas Corporation Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$33.3b$30.8b$2.5b7.5%

How much money is Oil and Natural Gas Corporation Limited making?

Current yearPrevious yearGrowGrow %
Making money$4.2b$5.4b-$1.1b-28.4%
Net Profit Margin5.2%8.6%--

How much money comes from the company's main activities?

3. Financial Health of Oil and Natural Gas Corporation Limited (5 min.)




4. Comparing to competitors in the Major Integrated Oil & Gas industry (5 min.)




  Industry Rankings (Major Integrated Oil & Gas)  

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What can you expect buying and holding a share of Oil and Natural Gas Corporation Limited? (5 min.)

Welcome investor! Oil and Natural Gas Corporation Limited's management wants to use your money to grow the business. In return you get a share of Oil and Natural Gas Corporation Limited.

What can you expect buying and holding a share of Oil and Natural Gas Corporation Limited?

First you should know what it really means to hold a share of Oil and Natural Gas Corporation Limited. And how you can make/lose money.

Speculation

The Price per Share of Oil and Natural Gas Corporation Limited is INR319.50. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Oil and Natural Gas Corporation Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Oil and Natural Gas Corporation Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR223.08. Based on the TTM, the Book Value Change Per Share is INR16.81 per quarter. Based on the YOY, the Book Value Change Per Share is INR30.62 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR14.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Oil and Natural Gas Corporation Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.340.1%0.340.1%0.430.1%0.260.1%0.230.1%
Usd Book Value Change Per Share0.200.1%0.200.1%0.360.1%0.150.0%0.270.1%
Usd Dividend Per Share0.170.1%0.170.1%0.120.0%0.100.0%0.090.0%
Usd Total Gains Per Share0.370.1%0.370.1%0.490.2%0.250.1%0.360.1%
Usd Price Per Share1.80-1.80-1.95-1.53-2.20-
Price to Earnings Ratio5.36-5.36-4.53-6.44-10.94-
Price-to-Total Gains Ratio4.90-4.90-4.01--5.59-6.88-
Price to Book Ratio0.68-0.68-0.79-0.68-1.15-
Price-to-Total Gains Ratio4.90-4.90-4.01--5.59-6.88-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.80205
Number of shares263
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.170.10
Usd Book Value Change Per Share0.200.15
Usd Total Gains Per Share0.370.25
Gains per Quarter (263 shares)96.4166.62
Gains per Year (263 shares)385.64266.48
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1175210376104163256
2350421762207326522
35266311148311489788
470184215344146521054
5876105219205188151320
61051126223066219781586
712271473269272511411852
814021683307882813042118
915771894346493214672384
10175221043850103516302650

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%8.02.00.080.0%8.02.00.080.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%10.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%9.01.00.090.0%9.01.00.090.0%
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Fundamentals of Oil and Natural Gas Corporation Limited

About Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited explores for, develops, and produces crude oil and natural gas in India and internationally. It operates through Exploration and Production, and Refining & Marketing segments. The company also engages in the refining and marketing of petroleum products; transportation of oil and natural gas; and production of liquefied petroleum gas, ethane/propane, naphtha, superior kerosene oil, low sulphur high stock, aviation turbine fuel, and high speed diesel. In addition, it generates electric power through 726 megawatts (MW) gas based power project in Tripura; 51 MW wind power project in Surajbari, Gujarat; and 102 MW wind power project in Rajasthan, as well as generates solar power through a total installed capacity of 23 MW. The company was incorporated in 1993 and is based in New Delhi, India.

Fundamental data was last updated by Penke on 2024-07-15 01:28:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.
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1.1. Profitability of Oil and Natural Gas Corporation Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Oil and Natural Gas Corporation Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • A Net Profit Margin of 5.2%¬†means that¬†₹0.05 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 5.2%. The company is making a profit. +1
  • The TTM is 5.2%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ5.2%TTM5.2%0.0%
TTM5.2%YOY8.6%-3.4%
TTM5.2%5Y5.5%-0.3%
5Y5.5%10Y7.7%-2.2%
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ5.2%5.2%0.0%
TTM5.2%5.2%0.0%
YOY8.6%8.6%0.0%
5Y5.5%5.5%+0.0%
10Y7.7%7.7%+0.0%
1.1.2. Return on Assets

Shows how efficient Oil and Natural Gas Corporation Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • 5.8% Return on Assets means that¬†Oil and Natural Gas Corporation Limited generated¬†₹0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 5.8%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.8%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.8%TTM5.8%0.0%
TTM5.8%YOY7.8%-2.0%
TTM5.8%5Y5.0%+0.8%
5Y5.0%10Y5.3%-0.3%
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ5.8%5.8%0.0%
TTM5.8%5.8%0.0%
YOY7.8%7.8%0.0%
5Y5.0%5.0%0.0%
10Y5.3%5.3%0.0%
1.1.3. Return on Equity

Shows how efficient Oil and Natural Gas Corporation Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • 12.6% Return on Equity means Oil and Natural Gas Corporation Limited generated ₹0.13¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 12.6%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 12.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ12.6%TTM12.6%0.0%
TTM12.6%YOY17.5%-4.9%
TTM12.6%5Y11.4%+1.2%
5Y11.4%10Y11.2%+0.1%
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ12.6%12.6%+0.0%
TTM12.6%12.6%+0.0%
YOY17.5%17.5%+0.0%
5Y11.4%11.4%0.0%
10Y11.2%11.2%+0.0%
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1.2. Operating Efficiency of Oil and Natural Gas Corporation Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Oil and Natural Gas Corporation Limited is operating .

  • Measures how much profit Oil and Natural Gas Corporation Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y6.0%-6.0%
5Y6.0%10Y10.6%-4.6%
1.2.2. Operating Ratio

Measures how efficient Oil and Natural Gas Corporation Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Major Integrated Oil & Gas industry mean).
  • An Operation Ratio of 0.77 means that the operating costs are ₹0.77 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 0.773. The company is efficient in keeping operating costs low. +1
  • The TTM is 0.773. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.773TTM0.7730.000
TTM0.773YOY0.730+0.043
TTM0.7735Y1.058-0.285
5Y1.05810Y1.164-0.106
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7730.7730.000
TTM0.7730.7730.000
YOY0.7300.730+0.000
5Y1.0581.058+0.000
10Y1.1641.164+0.000
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1.3. Liquidity of Oil and Natural Gas Corporation Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Oil and Natural Gas Corporation Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Major Integrated Oil & Gas industry mean).
  • A Current Ratio of 0.86¬†means the company has ₹0.86 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 0.863. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.863. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.863TTM0.8630.000
TTM0.863YOY0.832+0.031
TTM0.8635Y0.762+0.101
5Y0.76210Y0.818-0.056
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8630.863+0.000
TTM0.8630.863+0.000
YOY0.8320.832+0.000
5Y0.7620.762+0.000
10Y0.8180.8180.000
1.3.2. Quick Ratio

Measures if Oil and Natural Gas Corporation Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • A Quick Ratio of 0.65¬†means the company can pay off ₹0.65 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 0.651. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.651. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.651TTM0.6510.000
TTM0.651YOY0.310+0.342
TTM0.6515Y0.384+0.267
5Y0.38410Y0.354+0.030
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6510.651+0.000
TTM0.6510.651+0.000
YOY0.3100.3100.000
5Y0.3840.384+0.000
10Y0.3540.354+0.000
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1.4. Solvency of Oil and Natural Gas Corporation Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Oil and Natural Gas Corporation Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Oil and Natural Gas Corporation Limited to Major Integrated Oil & Gas industry mean.
  • A Debt to Asset Ratio of 0.54¬†means that Oil and Natural Gas Corporation Limited assets are¬†financed with 54.3% credit (debt) and the remaining percentage (100% - 54.3%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 0.543. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.543. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.543TTM0.5430.000
TTM0.543YOY0.557-0.013
TTM0.5435Y0.569-0.025
5Y0.56910Y0.530+0.039
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5430.543+0.000
TTM0.5430.543+0.000
YOY0.5570.5570.000
5Y0.5690.5690.000
10Y0.5300.5300.000
1.4.2. Debt to Equity Ratio

Measures if Oil and Natural Gas Corporation Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • A Debt to Equity ratio of 119.0% means that company has ₹1.19 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Oil and Natural Gas Corporation Limited:

  • The MRQ is 1.190. The company is able to pay all its debts with equity. +1
  • The TTM is 1.190. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.190TTM1.1900.000
TTM1.190YOY1.256-0.066
TTM1.1905Y1.322-0.133
5Y1.32210Y1.161+0.162
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1901.1900.000
TTM1.1901.1900.000
YOY1.2561.2560.000
5Y1.3221.322+0.000
10Y1.1611.1610.000
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2. Market Valuation of Oil and Natural Gas Corporation Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Oil and Natural Gas Corporation Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Oil and Natural Gas Corporation Limited to the¬†Major Integrated Oil & Gas industry mean.
  • A PE ratio of 5.36 means the investor is paying ₹5.36¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Oil and Natural Gas Corporation Limited:

  • The EOD is 11.341. Based on the earnings, the company is underpriced. +1
  • The MRQ is 5.360. Based on the earnings, the company is cheap. +2
  • The TTM is 5.360. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD11.341MRQ5.360+5.981
MRQ5.360TTM5.3600.000
TTM5.360YOY4.529+0.831
TTM5.3605Y6.444-1.084
5Y6.44410Y10.943-4.499
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
EOD11.34111.387-0.046
MRQ5.3605.360+0.000
TTM5.3605.360+0.000
YOY4.5294.529+0.000
5Y6.4446.444+0.000
10Y10.94310.9430.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Oil and Natural Gas Corporation Limited:

  • The EOD is 11.416. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 5.396. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 5.396. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD11.416MRQ5.396+6.021
MRQ5.396TTM5.3960.000
TTM5.396YOY6.114-0.719
TTM5.3965Y11.603-6.207
5Y11.60310Y-5.111+16.714
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
EOD11.41611.463-0.047
MRQ5.3965.3960.000
TTM5.3965.3960.000
YOY6.1146.114+0.000
5Y11.60311.603+0.000
10Y-5.111-5.111+0.000
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Oil and Natural Gas Corporation Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Major Integrated Oil & Gas industry mean).
  • A PB ratio of 0.68 means the investor is paying ₹0.68¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Oil and Natural Gas Corporation Limited:

  • The EOD is 1.432. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.677. Based on the equity, the company is cheap. +2
  • The TTM is 0.677. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.432MRQ0.677+0.755
MRQ0.677TTM0.6770.000
TTM0.677YOY0.795-0.118
TTM0.6775Y0.679-0.002
5Y0.67910Y1.149-0.470
Compared to industry (Major Integrated Oil & Gas)
PeriodCompanyIndustry (mean)+/- 
EOD1.4321.438-0.006
MRQ0.6770.6770.000
TTM0.6770.6770.000
YOY0.7950.7950.000
5Y0.6790.6790.000
10Y1.1491.1490.000
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Oil and Natural Gas Corporation Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--16.80816.8080%30.621-45%13.017+29%22.308-25%
Book Value Per Share--223.085223.0850%206.277+8%188.395+18%169.536+32%
Current Ratio--0.8630.8630%0.832+4%0.762+13%0.818+6%
Debt To Asset Ratio--0.5430.5430%0.557-2%0.569-4%0.530+3%
Debt To Equity Ratio--1.1901.1900%1.256-5%1.322-10%1.161+3%
Dividend Per Share--13.99713.9970%10.273+36%8.269+69%7.754+81%
Eps--28.17128.1710%36.185-22%22.054+28%19.240+46%
Free Cash Flow Per Share--27.98627.9860%26.805+4%17.240+62%10.576+165%
Free Cash Flow To Equity Per Share--17.71917.7190%-1.644+109%1.654+971%3.061+479%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--385.771--------
Intrinsic Value_10Y_min--265.521--------
Intrinsic Value_1Y_max--23.586--------
Intrinsic Value_1Y_min--19.803--------
Intrinsic Value_3Y_max--82.353--------
Intrinsic Value_3Y_min--65.745--------
Intrinsic Value_5Y_max--154.968--------
Intrinsic Value_5Y_min--118.181--------
Market Cap4019405778432.000+53%1899625266176.0001899625266176.0000%2061911133286.400-8%1622607065108.480+17%2334017837844.631-19%
Net Profit Margin--0.0520.0520%0.086-40%0.055-6%0.077-33%
Operating Margin----0%-0%0.060-100%0.106-100%
Operating Ratio--0.7730.7730%0.730+6%1.058-27%1.164-34%
Pb Ratio1.432+53%0.6770.6770%0.795-15%0.6790%1.149-41%
Pe Ratio11.341+53%5.3605.3600%4.529+18%6.444-17%10.943-51%
Price Per Share319.500+53%151.000151.0000%163.900-8%128.980+17%184.800-18%
Price To Free Cash Flow Ratio11.416+53%5.3965.3960%6.114-12%11.603-53%-5.111+195%
Price To Total Gains Ratio10.372+53%4.9024.9020%4.008+22%-5.587+214%6.883-29%
Quick Ratio--0.6510.6510%0.310+110%0.384+70%0.354+84%
Return On Assets--0.0580.0580%0.078-26%0.050+16%0.053+10%
Return On Equity--0.1260.1260%0.175-28%0.114+11%0.112+12%
Total Gains Per Share--30.80530.8050%40.894-25%21.286+45%30.063+2%
Usd Book Value--33397028224.00033397028224.0000%30880846290.000+8%28203798371.000+18%25473607455.800+31%
Usd Book Value Change Per Share--0.2000.2000%0.364-45%0.155+29%0.265-25%
Usd Book Value Per Share--2.6552.6550%2.455+8%2.242+18%2.017+32%
Usd Dividend Per Share--0.1670.1670%0.122+36%0.098+69%0.092+81%
Usd Eps--0.3350.3350%0.431-22%0.262+28%0.229+46%
Usd Free Cash Flow--4189683218.0004189683218.0000%4012886346.000+4%2580987382.400+62%1588246601.900+164%
Usd Free Cash Flow Per Share--0.3330.3330%0.319+4%0.205+62%0.126+165%
Usd Free Cash Flow To Equity Per Share--0.2110.2110%-0.020+109%0.020+971%0.036+479%
Usd Market Cap47830928763.341+53%22605540667.49422605540667.4940%24536742486.108-8%19309024074.791+17%27774812270.351-19%
Usd Price Per Share3.802+53%1.7971.7970%1.950-8%1.535+17%2.199-18%
Usd Profit--4217416882.0004217416882.0000%5417130614.000-22%3301540069.800+28%2891231318.500+46%
Usd Revenue--81494677537.00081494677537.0000%63283312260.000+29%58447313933.400+39%43018915238.600+89%
Usd Total Gains Per Share--0.3670.3670%0.487-25%0.253+45%0.358+2%
 EOD+4 -4MRQTTM+0 -0YOY+19 -155Y+32 -310Y+24 -11

3.2. Fundamental Score

Let's check the fundamental score of Oil and Natural Gas Corporation Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.341
Price to Book Ratio (EOD)Between0-11.432
Net Profit Margin (MRQ)Greater than00.052
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.651
Current Ratio (MRQ)Greater than10.863
Debt to Asset Ratio (MRQ)Less than10.543
Debt to Equity Ratio (MRQ)Less than11.190
Return on Equity (MRQ)Greater than0.150.126
Return on Assets (MRQ)Greater than0.050.058
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Oil and Natural Gas Corporation Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.118
Ma 20Greater thanMa 50297.688
Ma 50Greater thanMa 100281.352
Ma 100Greater thanMa 200276.722
OpenGreater thanClose313.850
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in INR. All numbers in thousands.

Summary
Total Assets6,145,287,260
Total Liabilities3,338,814,300
Total Stockholder Equity2,806,472,960
 As reported
Total Liabilities 3,338,814,300
Total Stockholder Equity+ 2,806,472,960
Total Assets = 6,145,287,260

Assets

Total Assets6,145,287,260
Total Current Assets1,141,505,310
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 17,005,620
Short-term Investments 318,612,500
Net Receivables 197,916,710
Inventory 442,380,680
Other Current Assets 63,745,420
Total Current Assets  (as reported)1,141,505,310
Total Current Assets  (calculated)1,039,660,930
+/- 101,844,380
Long-term Assets
Property Plant Equipment 3,117,797,230
Goodwill 120,334,120
Intangible Assets 409,430,430
Long-term Assets  (as reported)0
Long-term Assets  (calculated)3,647,561,780
+/- 3,647,561,780

Liabilities & Shareholders' Equity

Total Current Liabilities1,322,701,810
Long-term Liabilities0
Total Stockholder Equity2,806,472,960
Total Current Liabilities
Short-term Debt 308,260,110
Total Current Liabilities  (as reported)1,322,701,810
Total Current Liabilities  (calculated)308,260,110
+/- 1,014,441,700
Long-term Liabilities
Long term Debt Total 1,067,630,740
Capital Lease Obligations Min Short Term Debt-308,260,110
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)759,370,630
+/- 759,370,630
Total Stockholder Equity
Common Stock62,901,390
Retained Earnings 2,423,705,820
Other Stockholders Equity 319,865,750
Total Stockholder Equity (as reported)2,806,472,960
Total Stockholder Equity (calculated)2,806,472,960
+/-0
Other
Cash And Equivalents9,394,360
Cash and Short Term Investments 345,012,480
Common Stock Shares Outstanding 12,580,279
Liabilities and Stockholders Equity 6,145,287,260
Net Working Capital -181,196,500



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-03-312022-03-312021-03-312020-03-312019-03-312018-03-312017-03-312016-03-312015-03-312014-03-31
> Total Assets 
3,242,383,170
3,382,921,240
3,425,856,280
4,453,974,780
4,575,463,230
4,932,590,100
5,038,980,700
5,432,787,530
5,853,902,880
6,145,287,260
6,145,287,2605,853,902,8805,432,787,5305,038,980,7004,932,590,1004,575,463,2304,453,974,7803,425,856,2803,382,921,2403,242,383,170
   > Total Current Assets 
631,386,780
569,372,030
584,634,200
792,224,300
723,726,300
871,957,080
807,220,990
931,211,740
1,059,896,680
1,141,505,310
1,141,505,3101,059,896,680931,211,740807,220,990871,957,080723,726,300792,224,300584,634,200569,372,030631,386,780
       Cash And Cash Equivalents 
244,801,260
160,969,170
246,890,440
13,637,590
25,120,880
24,553,970
30,866,100
22,851,080
19,860,590
17,005,620
17,005,62019,860,59022,851,08030,866,10024,553,97025,120,88013,637,590246,890,440160,969,170244,801,260
       Short-term Investments 
254,370
21,460
29,720,570
36,921,120
94,068,710
102,903,020
92,810,040
84,323,740
75,477,900
318,612,500
318,612,50075,477,90084,323,74092,810,040102,903,02094,068,71036,921,12029,720,57021,460254,370
       Net Receivables 
189,807,980
202,700,800
102,415,690
125,471,210
138,991,670
153,964,550
91,734,070
160,158,340
193,204,910
197,916,710
197,916,710193,204,910160,158,34091,734,070153,964,550138,991,670125,471,210102,415,690202,700,800189,807,980
       Inventory 
148,077,460
106,262,330
99,180,680
298,817,310
305,007,830
351,340,660
330,512,030
445,733,260
541,630,990
442,380,680
442,380,680541,630,990445,733,260330,512,030351,340,660305,007,830298,817,31099,180,680106,262,330148,077,460
       Other Current Assets 
48,445,710
99,418,270
74,819,820
1,252,630
23,801,320
10,627,700
2,133,360
26,454,080
117,546,190
63,745,420
63,745,420117,546,19026,454,0802,133,36010,627,70023,801,3201,252,63074,819,82099,418,27048,445,710
   > Long-term Assets 
0
0
0
3,217,346,910
3,871,980,530
4,056,262,240
4,231,759,710
0
0
0
0004,231,759,7104,056,262,2403,871,980,5303,217,346,910000
       Property Plant Equipment 
1,942,962,850
1,923,363,660
1,727,456,790
2,177,333,570
2,299,689,500
2,455,137,240
2,748,156,820
2,922,112,580
3,136,457,770
3,117,797,230
3,117,797,2303,136,457,7702,922,112,5802,748,156,8202,455,137,2402,299,689,5002,177,333,5701,727,456,7901,923,363,6601,942,962,850
       Goodwill 
183,550,950
201,402,900
153,300,560
141,903,660
142,025,460
140,883,530
142,366,500
135,385,910
112,056,490
120,334,120
120,334,120112,056,490135,385,910142,366,500140,883,530142,025,460141,903,660153,300,560201,402,900183,550,950
       Long Term Investments 
47,204,630
47,469,930
303,836,120
575,253,830
0
0
0
0
0
0
000000575,253,830303,836,12047,469,93047,204,630
       Intangible Assets 
153,057,280
308,496,760
358,694,750
382,441,040
407,559,640
398,371,840
386,641,540
382,974,630
362,621,050
409,430,430
409,430,430362,621,050382,974,630386,641,540398,371,840407,559,640382,441,040358,694,750308,496,760153,057,280
       Long-term Assets Other 
0
0
0
5,367,880
5,638,260
6,396,280
-97,036,950
0
0
0
000-97,036,9506,396,2805,638,2605,367,880000
> Total Liabilities 
1,491,747,890
1,553,645,880
1,421,201,770
2,510,122,540
2,547,823,250
2,763,243,560
2,969,303,740
3,222,977,640
3,258,873,780
3,338,814,300
3,338,814,3003,258,873,7803,222,977,6402,969,303,7402,763,243,5602,547,823,2502,510,122,5401,421,201,7701,553,645,8801,491,747,890
   > Total Current Liabilities 
672,415,210
549,706,950
515,623,690
1,240,292,910
1,169,657,090
1,294,896,900
1,176,608,020
1,232,665,240
1,273,652,430
1,322,701,810
1,322,701,8101,273,652,4301,232,665,2401,176,608,0201,294,896,9001,169,657,0901,240,292,910515,623,690549,706,950672,415,210
       Short-term Debt 
491,127,490
539,444,680
459,581,180
216,274,390
462,211,540
493,323,020
315,745,210
398,990,870
197,331,300
308,260,110
308,260,110197,331,300398,990,870315,745,210493,323,020462,211,540216,274,390459,581,180539,444,680491,127,490
       Short Long Term Debt 
491,127,490
539,444,680
459,581,180
584,256,160
511,327,960
544,966,850
434,397,430
0
0
0
000434,397,430544,966,850511,327,960584,256,160459,581,180539,444,680491,127,490
       Accounts payable 
306,541,530
304,623,060
297,780,260
143,386,250
264,847,350
305,574,720
229,678,510
0
0
0
000229,678,510305,574,720264,847,350143,386,250297,780,260304,623,060306,541,530
       Other Current Liabilities 
142,152,860
133,003,370
123,043,600
112,969,490
286,345,990
328,071,360
363,795,970
0
0
0
000363,795,970328,071,360286,345,990112,969,490123,043,600133,003,370142,152,860
   > Long-term Liabilities 
0
0
0
1,006,183,500
1,236,428,030
1,304,235,020
1,614,567,600
0
0
0
0001,614,567,6001,304,235,0201,236,428,0301,006,183,500000
       Long term Debt Total 
0
0
0
527,723,450
550,248,980
527,732,720
800,982,640
888,082,650
972,593,970
1,067,630,740
1,067,630,740972,593,970888,082,650800,982,640527,732,720550,248,980527,723,450000
       Capital Lease Obligations 
0
0
0
27,947,620
23,080,620
7,078,270
0
0
0
0
00007,078,27023,080,62027,947,620000
       Long-term Liabilities Other 
0
0
0
8,471,830
12,026,720
12,038,410
6,437,220
0
0
0
0006,437,22012,038,41012,026,7208,471,830000
       Deferred Long Term Liability 
7,385,540
5,585,960
0
0
0
0
0
0
0
0
000000005,585,9607,385,540
> Total Stockholder Equity
1,721,515,300
1,804,544,030
1,978,136,420
1,943,852,240
2,027,639,980
2,169,346,540
2,069,676,960
2,209,809,890
2,595,029,100
2,806,472,960
2,806,472,9602,595,029,1002,209,809,8902,069,676,9602,169,346,5402,027,639,9801,943,852,2401,978,136,4201,804,544,0301,721,515,300
   Common Stock
42,777,450
42,777,450
42,777,450
64,166,320
64,166,320
62,901,540
62,901,540
62,901,390
62,901,390
62,901,390
62,901,39062,901,39062,901,39062,901,54062,901,54064,166,32064,166,32042,777,45042,777,45042,777,450
   Retained Earnings 
1,585,886,490
1,664,739,250
1,639,855,080
1,496,765,170
1,963,473,660
1,762,969,600
1,775,381,820
1,901,747,540
2,244,497,790
2,423,705,820
2,423,705,8202,244,497,7901,901,747,5401,775,381,8201,762,969,6001,963,473,6601,496,765,1701,639,855,0801,664,739,2501,585,886,490
   Capital Surplus 
0
0
0
2,435,480
0
0
0
0
0
0
0000002,435,480000
   Treasury Stock0000000000
   Other Stockholders Equity 
92,707,030
96,899,150
295,503,890
380,485,270
76,053,500
343,475,400
231,393,600
245,160,960
287,629,920
319,865,750
319,865,750287,629,920245,160,960231,393,600343,475,40076,053,500380,485,270295,503,89096,899,15092,707,030



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue6,848,292,230
Cost of Revenue-5,293,388,880
Gross Profit1,554,903,3501,554,903,350
 
Operating Income (+$)
Gross Profit1,554,903,350
Operating Expense-0
Operating Income432,670,5401,554,903,350
 
Operating Expense (+$)
Research Development0
Selling General Administrative620,469,540
Selling And Marketing Expenses0
Operating Expense0620,469,540
 
Net Interest Income (+$)
Interest Income51,132,150
Interest Expense-0
Other Finance Cost-51,132,150
Net Interest Income0
 
Pretax Income (+$)
Operating Income432,670,540
Net Interest Income0
Other Non-Operating Income Expenses0
Income Before Tax (EBT)430,507,520432,670,540
EBIT - interestExpense = 0
354,404,780
354,404,780
Interest Expense0
Earnings Before Interest and Taxes (EBIT)0430,507,520
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax430,507,520
Tax Provision-102,731,470
Net Income From Continuing Ops0327,776,050
Net Income354,404,780
Net Income Applicable To Common Shares354,404,780
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net00
 

Technical Analysis of Oil and Natural Gas Corporation Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Oil and Natural Gas Corporation Limited. The general trend of Oil and Natural Gas Corporation Limited is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Oil and Natural Gas Corporation Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Oil and Natural Gas Corporation Limited.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 292.95 > 292.45 > 286.50.

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Oil and Natural Gas Corporation Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Oil and Natural Gas Corporation Limited. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Oil and Natural Gas Corporation Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Oil and Natural Gas Corporation Limited. The current macd is 12.96.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Oil and Natural Gas Corporation Limited price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Oil and Natural Gas Corporation Limited. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Oil and Natural Gas Corporation Limited price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Oil and Natural Gas Corporation Limited Daily Moving Average Convergence/Divergence (MACD) ChartOil and Natural Gas Corporation Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Oil and Natural Gas Corporation Limited. The current adx is 29.47.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Oil and Natural Gas Corporation Limited shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Oil and Natural Gas Corporation Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Oil and Natural Gas Corporation Limited. The current sar is 332.73.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Oil and Natural Gas Corporation Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Oil and Natural Gas Corporation Limited. The current rsi is 66.12. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Oil and Natural Gas Corporation Limited Daily Relative Strength Index (RSI) ChartOil and Natural Gas Corporation Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Oil and Natural Gas Corporation Limited. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Oil and Natural Gas Corporation Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Oil and Natural Gas Corporation Limited Daily Stochastic Oscillator ChartOil and Natural Gas Corporation Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Oil and Natural Gas Corporation Limited. The current cci is 80.92.

Oil and Natural Gas Corporation Limited Daily Commodity Channel Index (CCI) ChartOil and Natural Gas Corporation Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Oil and Natural Gas Corporation Limited. The current cmo is 31.57.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Oil and Natural Gas Corporation Limited Daily Chande Momentum Oscillator (CMO) ChartOil and Natural Gas Corporation Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Oil and Natural Gas Corporation Limited. The current willr is -23.07692308.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Oil and Natural Gas Corporation Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Oil and Natural Gas Corporation Limited Daily Williams %R ChartOil and Natural Gas Corporation Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Oil and Natural Gas Corporation Limited.

Oil and Natural Gas Corporation Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Oil and Natural Gas Corporation Limited. The current atr is 10.83.

Oil and Natural Gas Corporation Limited Daily Average True Range (ATR) ChartOil and Natural Gas Corporation Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Oil and Natural Gas Corporation Limited. The current obv is 84,568,024.

Oil and Natural Gas Corporation Limited Daily On-Balance Volume (OBV) ChartOil and Natural Gas Corporation Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Oil and Natural Gas Corporation Limited. The current mfi is 76.54.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Oil and Natural Gas Corporation Limited Daily Money Flow Index (MFI) ChartOil and Natural Gas Corporation Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Oil and Natural Gas Corporation Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-28SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-29CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-01STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-04SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-06RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-03MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-04-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-09MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-04-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-18STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-24STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-25CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-02SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-06SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-13STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-17SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-05-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-23MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-28MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-29SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-30CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-06-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-11CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-12MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-06-25STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-01DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-07-05CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-08ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-09RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-10MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-11STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-07-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-15STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-19RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-07-23SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-07-24STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Oil and Natural Gas Corporation Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Oil and Natural Gas Corporation Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.118
Ma 20Greater thanMa 50297.688
Ma 50Greater thanMa 100281.352
Ma 100Greater thanMa 200276.722
OpenGreater thanClose313.850
Total4/5 (80.0%)
Penke

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