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New Zealand Energy (New Zealand Energy) 6-Month Price Index : 1.55 (As of May. 16, 2024)


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What is New Zealand Energy 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-05-16), New Zealand Energy's 6-Month Price Index is 1.55.

Competitive Comparison of New Zealand Energy's 6-Month Price Index

For the Oil & Gas E&P subindustry, New Zealand Energy's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

New Zealand Energy  (OTCPK:NZERF) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

New Zealand Energy  (OTCPK:NZERF) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

New Zealand Energy 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of New Zealand Energy's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

New Zealand Energy (New Zealand Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » New Zealand Energy Corp (OTCPK:NZERF) » Definitions » 6-Month Price Index
Comparable Companies
XCNQ:GTOO XCNQ:WOGC TSXV:PAR.H TSXV:CHY TSXV:CEN.H TSXV:KYS.H TSXV:SKK TSXV:DIG.H TSXV:CEL.H TSXV:ARH COP HKSE:00883 EOG TSX:CNQ PXD OXY MIC:NVTK HES ASX:WDS DVN
Traded in Other Exchanges
NZ:Canada
Address
119-125 Devon Street East, P.O. Box 8440, Level 2, New Plymouth, NTL, NZL, 4310
Website
https://www.newzealandenergy.com
New Zealand Energy Corp is engaged in the exploration and production of oil and natural gas, as well as the operation of midstream assets. The company conducts its business as a single operating segment being the acquisition, exploration, development, and production of conventional oil and natural gas resources. Geographically, it operates through the region of New Zealand. It generates most of its revenues from Oil sales.

New Zealand Energy (New Zealand Energy) Headlines

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