FX Energy (FX Energy) Momentum Rank : 0 (As of Jun. 21, 2024)

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What is FX Energy Momentum Rank?

FX Energy has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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FX Energy (FX Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » FX Energy Inc (NAS:FXENP.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.fxenergy.com

FX Energy Inc was founded in 1989. The Company is an independent oil and gas exploration and production company with principal production, reserves, and exploration in Poland and oil production, oilfield service, and exploration activities in the United States. Company concentrates its exploration efforts in Poland on the Rotliegend sandstones of the Permian Basin. As of December 31, 2013, Company held oil and gas exploration rights in Poland in a number of separately designated project areas encompassing approximately 2.7 million gross acres. In Poland, it has projects involving the exploration and exploitation of oil and gas prospects in partnership with Polskie GÃ³rnictwo Naftowe i Gazownictwo or PGNiG, the Polish national oil and gas company, other industry partners, and for its own account. In the United States, it explores for and produces oil from fields in Montana and Nevada, and it have an oilfield services company in northern Montana that performs contract drilling and well-servicing operations. Company operates within two segments of the oil and gas industry: the exploration and production, or E&P, segment in Poland and the United States, and the oilfield services segment in the United States. The Company faces competition from larger oil and gas companies. The Companys oil and gas exploration, development, and production activities in Poland are subject to Polands laws and regulations and its United States operations are subject to governmental risks that may impact its operations.

Executives

Clay Newton	officer: Vice President	3006 HIGHLAND DRIVE, SALT LAKE CITY UT 84106
H Allen Turner	director	DEVON ENERGY CORP, 20 NORTH BROADWAY STE 1500, OKLAHOMA CITY OK 73102-8260
Scott J Duncan	officer: Vice President	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
David N Pierce	director, officer: President/CEO	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Andrew W Pierce	officer: Vice President	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Thomas B Lovejoy	director, officer: Chief Financial Officer	48 BURYING HILL ROAD, GREENWICH CT 06831
Dennis B Goldstein	director	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Jerzy B Maciolek	officer: Vice President	3006 HIGHLAND DR, STE 206, SALT LAKE CITY UT 84106
Richard Hardman	director
Grundvig Arnold S Jr	director	2135 CASTLE HILL AVE, SALT LAKE CITY UT 84121
David L Worrell	director	1469 ROSE VILLA STREET, PASADENA CA 91106

FX Energy (FX Energy) Headlines

From GuruFocus

FX Energy Inc. Reports Operating Results (10-K)

By gurufocus 10qk • 03-07-2011