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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Jun. 2026, OQ Exploration and Production has a Sloan Ratio of 3.18%, indicating the company is in the safe zone and there is no funny business with accruals.
OQ Exploration and Production (MUS:OQEP) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Jun. 2026, OQ Exploration and Production has a Sloan Ratio of 3.18%, indicating the company is in the safe zone and there is no funny business with accruals.
OQ Exploration and Production Sloan Ratio % Related Terms
OQ Exploration and Production Sloan Ratio % Historical Data
* 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.
MUS:OQEP vs COP, EOG, OXY: Sloan Ratio % Comparison
For the Oil & Gas E&P subindustry, OQ Exploration and Production's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.
OQ Exploration and Production Sloan Ratio % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, OQ Exploration and Production's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where OQ Exploration and Production's Sloan Ratio % falls into.
OQ Exploration and Production Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
OQ Exploration and Production's Net Income for the trailing twelve months (TTM) ended in Jun. 2026 was 70.231 (Sep. 2025 ) + 41.167 (Dec. 2025 ) + 71.978 (Mar. 2026 ) + 127.051 (Jun. 2026 ) = ر.ع310 Mil.
OQ Exploration and Production's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was 118.439 (Sep. 2025 ) + 126.026 (Dec. 2025 ) + 124.951 (Mar. 2026 ) + 164.597 (Jun. 2026 ) = ر.ع534 Mil.
OQ Exploration and Production's Cash Flow from Investing for the trailing twelve months (TTM) ended in Jun. 2026 was -93.067 (Sep. 2025 ) + -16.455 (Dec. 2025 ) + -53.171 (Mar. 2026 ) + -113.309 (Jun. 2026 ) = ر.ع-276 Mil.
* 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.
OQ Exploration and Production (MUS:OQEP) has a Sloan Ratio % of 3.18% as of Jun. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on OQ Exploration and Production and its competitors.
Is OQ Exploration and Production's Sloan Ratio % too high?
OQ Exploration and Production's current Sloan Ratio % is 3.18%. Overall, OQ Exploration and Production has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does OQ Exploration and Production's Sloan Ratio % compare to COP and EOG?
OQ Exploration and Production's Sloan Ratio % of 3.18% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Oil & Gas company?
A good Sloan Ratio % depends on the Oil & Gas industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on OQ Exploration and Production and its competitors. OQ Exploration and Production's current Sloan Ratio % is 3.18%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OQ Exploration and Production stock overvalued right now?
OQ Exploration and Production (MUS:OQEP) has a current Sloan Ratio % of 3.18%. The current Sloan Ratio % is 3.18%. OQ Exploration and Production's overall GF Score™ is 29/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For OQ Exploration and Production (MUS:OQEP), the current Sloan Ratio % is 3.18% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
OQ Exploration and Production is engaged in identifying, acquiring, managing, and operating interests in petroleum and other related enterprises. The company reports across two operating segments: blocks operated by OQEP and blocks operated by other entities. The company generates majority of revenue from blocks operated by other entities.
29GF Score
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