- ONGC’s net income for the first quarter is 89.4 billion rupees, matching analyst estimates.
- There was a 15% year-over-year decline in net income.
- Revenue increased by 4.3% year-over-year to 352.7 billion rupees, beating the estimate of 346.73 billion rupees.
- Total costs rose by 15% year-over-year to 253.7 billion rupees.
- Finance costs increased by 17% year-over-year to 11.8 billion rupees, which is higher than the estimated 10.24 billion rupees.
- Other income grew by 28% year-over-year to 20.6 billion rupees.
- Currently, the company’s stock has 18 buy recommendations, 4 hold recommendations, and 6 sell recommendations.
A look at Oil & Natural Gas Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Oil and Natural Gas Corp, a company specializing in oil and gas exploration and production, has received impressive Smart Scores across various key factors. With top scores in both Value and Dividend, investors can find confidence in the company’s financial health and commitment to rewarding shareholders. Furthermore, a solid score in Growth indicates the company’s potential for expansion and long-term sustainability. While there is room for improvement in Resilience and Momentum, overall, Oil and Natural Gas Corp presents a promising outlook for the future.
Oil and Natural Gas Corporation Limited, known for its expertise in crude oil and gas exploration, boasts strong Smart Scores in key areas such as Value and Dividend. These scores reflect the company’s commitment to providing value to investors while maintaining a healthy dividend payout. Additionally, a respectable score in Growth points towards potential opportunities for the company to expand its operations. Despite slightly lower scores in Resilience and Momentum, Oil and Natural Gas Corp stands as a solid choice for investors looking towards the long-term horizon.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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