Northern Oil Gas Stock Today
| NOG Stock | USD 42.50 0.45 1.07% |
Performance19 of 100
| Odds Of DistressLess than 3
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Northern Oil is trading at 42.50 as of the 19th of April 2024. This is a 1.07 percent up since the beginning of the trading day. The stock's lowest day price was 41.56. Northern Oil has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Northern Oil Gas are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 13th of April 2007 |
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells and had proved reserves of 287,682 million barrels of oil equivalent. The company has 101.04 M outstanding shares of which 9.55 M shares are now shorted by investors with about 7.67 days to cover. More on Northern Oil Gas
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Northern Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Northern Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Northern Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Co-Founder, CEO and Director | Michael Reger | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [NORICUM GOLD (NOG.SG), NORICUM GOLD - Frankfurt Stock Exchang] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP Small-Cap 600, SRI Sustainable Growth, Millennials Best, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Northern Oil report their recommendations after researching Northern Oil's financial statements, talking to executives and customers, or listening in on Northern Oil's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Northern Oil Gas. The Northern consensus assessment is calculated by taking the average forecast from all of the analysts covering Northern Oil. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Northern Oil's profitability, liquidity, and operating efficiency, Northern Oil Gas is doing better financially then in previous quarter. It has a moderate risk of reporting better financial numbers in May. Financial strength of Northern Oil Gas is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Northern Oil's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Northern Oil's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Northern Oil's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Northern Oil's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Northern Oil's financial leverage. It provides some insight into what part of Northern Oil's total assets is financed by creditors.
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Northern Oil Gas (NOG) is traded on New York Stock Exchange in USA. It is located in 4350 Baker Road, Minnetonka, MN, United States, 55343 and employs 38 people. Northern Oil is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.25 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Northern Oil's market, we take the total number of its shares issued and multiply it by Northern Oil's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Northern Oil Gas runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 101.04 M outstanding shares of which 9.55 M shares are now shorted by investors with about 7.67 days to cover.
Northern Oil Gas has about 2.53 M in cash with 1.18 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Northern Oil Probability Of Bankruptcy
Ownership AllocationNorthern Oil Gas holds a total of 101.04 Million outstanding shares. The majority of Northern Oil outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Northern Oil Gas to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Northern Oil Gas. Please pay attention to any change in the institutional holdings of Northern Oil as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Northern Ownership Details
Northern Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Northern Oil jumping above the current price in 90 days from now is under 4%. The Northern Oil Gas probability density function shows the probability of Northern Oil stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Northern Oil has a beta of 0.9354. This indicates Northern Oil Gas market returns are reactive to returns on the market. As the market goes up or down, Northern Oil is expected to follow. Additionally, northern Oil Gas has an alpha of 0.2534, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Northern Oil to move above the current price in 90 days from now is under 4 (This Northern Oil Gas probability density function shows the probability of Northern Stock to fall within a particular range of prices over 90 days) .
Northern Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Northern Oil that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Northern Oil's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Northern Oil's value.| Instituion | Recorded On | Shares | |
| Westfield Capital Management Company, Lp | 2023-12-31 | 1.5 M | |
| Bank Of New York Mellon Corp | 2023-12-31 | 1.5 M | |
| Nuveen Asset Management, Llc | 2023-12-31 | 1.4 M | |
| Principal Financial Group Inc | 2023-12-31 | 1.4 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 1.4 M | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 1.4 M | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.2 M | |
| Alliancebernstein L.p. | 2023-12-31 | 1.1 M | |
| Northern Trust Corp | 2023-12-31 | 1.1 M | |
| Blackrock Inc | 2023-12-31 | 13.7 M | |
| Vanguard Group Inc | 2023-12-31 | 10.6 M |
Northern Oil Historical Income Statement
Northern Oil Gas Income Statement is one of the three primary financial statements used for reporting Northern's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Northern Oil Gas revenue and expense. Northern Oil Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Northern Oil's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Northern Oil's current Operating Income is estimated to increase to about 916.7 M, while Net Interest Income is projected to decrease to (129.1 M). View More FundamentalsNorthern Stock Against Markets
Picking the right benchmark for Northern Oil stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Northern Oil stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Northern Oil is critical whether you are bullish or bearish towards Northern Oil Gas at a given time. Please also check how Northern Oil's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Northern Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
Northern Oil Corporate Directors
Northern Oil corporate directors refer to members of a Northern Oil board of directors. The board of directors generally takes responsibility for the Northern Oil's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Northern Oil's board members must vote for the resolution. The Northern Oil board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Robert Grabb | Independent Director | Profile | |
| Michael Frantz | Independent Director | Profile | |
| Lisa Bromiley | Lead Independent Director | Profile | |
| Richard Weber | Independent Director | Profile |
How to buy Northern Stock?
Before investing in Northern Oil, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Northern Oil. To buy Northern Oil stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Northern Oil. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Northern Oil stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Northern Oil Gas stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Northern Oil Gas stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Northern Oil Gas, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Northern Stock please use our How to Invest in Northern Oil guide.
Already Invested in Northern Oil Gas?
The danger of trading Northern Oil Gas is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Northern Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Northern Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Northern Oil Gas is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Northern Stock analysis
When running Northern Oil's price analysis, check to measure Northern Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.
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Is Northern Oil's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Oil. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.379 | Dividend Share 1.49 | Earnings Share 10.03 | Revenue Per Share 19.095 | Quarterly Revenue Growth 0.226 |
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.