North Energy (Norway) Today
| NORTH Stock | NOK 2.23 0.08 3.46% |
Performance7 of 100
| Odds Of DistressLess than 10
|
North Energy is selling at 2.23 as of the 25th of April 2024; that is -3.46 percent down since the beginning of the trading day. The stock's open price was 2.31. North Energy has less than a 10 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for North Energy ASA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Previously, it was engaged in the exploration, development, and production of oil and gas in the Norwegian continental shelf. The company was founded in 2007 and is headquartered in Oslo, Norway. NORTH ENERGY operates under Oil And Gas Drilling And Exploration classification in Norway and is traded on Oslo Stock Exchange. The company has 117.25 M outstanding shares. More on North Energy ASA
Moving together with North Stock
| 0.87 | KOG | Kongsberg Gruppen ASA Earnings Call This Week | PairCorr |
Moving against North Stock
| 0.47 | ORK | Orkla ASA | PairCorr |
Follow Valuation Odds of Bankruptcy
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North 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. North Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding North Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) |
North Energy ASA (NORTH) is traded on Oslo Stock Exchange in Norway and employs 2 people. The company currently falls under 'Small-Cap' category with a current market capitalization of 263.82 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate North Energy's market, we take the total number of its shares issued and multiply it by North Energy'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. North Energy ASA operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 117.25 M outstanding shares.
North Energy ASA has accumulated about 39.99 M in cash with (15.6 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.15.
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Ownership AllocationNorth Energy ASA maintains a total of 117.25 Million outstanding shares. North Energy ASA secures majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 61.06 % of North Energy ASA outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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North Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of North Energy jumping above the current price in 90 days from now is about 37.73%. The North Energy ASA probability density function shows the probability of North Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon North Energy has a beta of 0.3188. This indicates as returns on the market go up, North Energy average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding North Energy ASA will be expected to be much smaller as well. Additionally, north Energy ASA has an alpha of 0.2145, implying that it can generate a 0.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of North Energy to move above the current price in 90 days from now is about 37.73 (This North Energy ASA probability density function shows the probability of North Stock to fall within a particular range of prices over 90 days) .
North Energy ASA Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. North Energy market risk premium is the additional return an investor will receive from holding North Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in North Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although North Energy's alpha and beta are two of the key measurements used to evaluate North Energy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.76 | |||
| Semi Deviation | 1.79 | |||
| Standard Deviation | 2.63 | |||
| Variance | 6.94 |
North Stock Against Markets
Picking the right benchmark for North Energy 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 North Energy 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 North Energy is critical whether you are bullish or bearish towards North Energy ASA at a given time. Please also check how North Energy'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 North Energy 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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North Energy Corporate Directors
North Energy corporate directors refer to members of a North Energy board of directors. The board of directors generally takes responsibility for the North Energy'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 North Energy's board members must vote for the resolution. The North Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Elin Karfjell | Director | Profile | |
| Jogeir Romestrand | Director | Profile | |
| Johan Bjerka | Director, Employee Representative | Profile | |
| Anders Onarheim | Director | Profile |
How to buy North Stock?
Before investing in North Energy, 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 North Energy. To buy North Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of North Energy. 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 North Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located North Energy ASA 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 North Energy ASA 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 North Energy ASA, 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.
Already Invested in North Energy ASA?
The danger of trading North Energy ASA 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 North Energy 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 North Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile North Energy ASA 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in North Energy ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the North Energy ASA information on this page should be used as a complementary analysis to other North Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for North Stock analysis
When running North Energy's price analysis, check to measure North Energy'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 North Energy is operating at the current time. Most of North Energy's value examination focuses on studying past and present price action to predict the probability of North Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Energy's price. Additionally, you may evaluate how the addition of North Energy to your portfolios can decrease your overall portfolio volatility.
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