Northern Competitors

NOG Stock

USD 27.68 0.29 1.04%

Northern Oil Gas competes with Alpine Summit, Amplify Energy, and Abraxas Petroleum; as well as few others. The company runs under Oil, Gas & Consumable Fuels sector within Energy industry. Analyzing Northern Oil competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Northern Oil to its intrinsic valuation because they are able to contrast its competitors on a relative basis.

You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Northern Oil competition on your existing holdings. Check out Northern Oil Correlation with its peers.For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide.

The current Return on Investment is estimated to increase to 55.97. The current Return on Average Assets is estimated to increase to 0.33. Northern Oil Total Assets Per Share are most likely to decrease significantly in the upcoming years. The last year's value of Total Assets Per Share was reported at 33.76. The current Return on Average Assets is estimated to increase to 0.33, while Current Assets are projected to decrease to roughly 261.8 M.

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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Northern Oil's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Northern Oil in the context of predictive analytics.

Hype

Prediction

Low	Estimated Value	High
24.70	27.75	30.80

Details

Intrinsic

Valuation

Low	Real Value	High
24.91	32.04	35.09

Details

Naive

Forecast

Low	Next Value	High
23.20	26.25	29.30

Details

12 Analysts

Consensus

Low	Target Price	High
35.00	43.69	54.00

Details

Please note, it is not enough to conduct a financial or market analysis of a single entity such as Northern Oil. Your research has to be compared to or analyzed against Northern Oil's peers to derive any actionable benefits. When done correctly, Northern Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Northern Oil Gas.

Northern Oil Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Northern Oil and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Northern and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Northern Oil Gas does not affect the price movement of the other competitor.

Related Correlations

	ALPS	AMPY	AXAS
ALPS		0.25	0.38	ALPS
AMPY	0.25		0.32	AMPY
AXAS	0.38	0.32		AXAS
	ALPS	AMPY	AXAS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

Nowadays, there is a big difference between Northern Stock performing well and Northern Oil company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Northern Oil's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Information Ratio	Expected Shortfall	Potential Upside	Value At Risk	Maximum Drawdown
ALPS	3.72	(2.42)	0.00	(5.67)	0.00	(0.36)	0.00	1.79	(15.51)	36.54	Alpine Summit Profile Alpine Summit Dashboard Technical analysis Backtest News Timeline Fundamentals Trends
AMPY	3.34	(0.03)	0.00	(0.05)	0.00	(0.0174)	0.00	7.83	(6.24)	35.32	Amplify Energy Profile Amplify Energy Dashboard Technical analysis Backtest News Timeline Analyst Consensus Fundamentals Trends
AXAS	3.37	(0.33)	0.00	1.38	0.00	(0.06)	0.00	6.25	(9.64)	22.43	Abraxas Petroleum Profile Abraxas Petroleum Dashboard Technical analysis Backtest News Timeline Fundamentals Trends

Cross Equities Net Income Analysis

Compare Northern Oil Gas and related stocks such as Alpine Summit Energy, Amplify Energy Corp, and Abraxas Petroleum Net Income Over Time

Select Fundamental

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ALPS

(7.5 M)

(29.7 M)

(26.7 M)

(28.8 M)

AMPY

(85.1 M)

54.6 M

(35.2 M)

(464 M)

(32.1 M)

57.9 M

62.4 M

AXAS

(18.8 M)

38.6 M

63.3 M

(127.1 M)

(96.4 M)

16 M

57.8 M

(65 M)

(184.5 M)

(44.6 M)

(40.1 M)

(43.3 M)

Northern Oil Gas and related stocks such as Alpine Summit Energy, Amplify Energy Corp, and Abraxas Petroleum Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Northern Oil Gas financial statement analysis. It represents the amount of money remaining after all of Northern Oil Gas operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends Income Statement Impact.

Northern Oil Competitive Analysis

The better you understand Northern Oil competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Northern Oil's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Northern Oil's competition over several years is one of the best ways to analyze its investment potential.

Better Than Average

Worse Than Peers

View Performance Chart

	NOG	ALPS	AMPY	AXAS
	1.04 27.68 Northern	2.35 0.87 Alpine	2.63 6.29 Amplify	2.94 0.66 Abraxas
Market Volatility (90 Days Market Risk)	Very steady	Abnormally volatile	Slightly risky	Abnormally volatile
Market Performance (90 Days Performance)	Very Weak	Very Weak	Very Weak	Very Weak
Odds of Financial Distress (Probability Of Bankruptcy)	Average	Average	Average	Low
Current Valuation (Equity Enterprise Value)	Under Valued	Over Valued	Under Valued	Over Valued
Buy or Sell Advice (Average Analysts Consensus)	Buy	Not Available	Strong Buy	Strong Sell
Trade Advice (90 Days Macroaxis Advice)	Strong Hold	Strong Sell	Hold	Strong Sell
Number of Shares Shorted	10.1 M	22.2 K	676.93 K	679.46 K
Shares Owned by Insiders	13.45 %	37.00 %	1.00 %	1.52 %
Current Ratio	0.60 X	0.23 X	0.58 X	2.12 X
Net Asset	2.88 B	145.63 M	459.48 M	130.48 M
Profit Margin	0.42 %	0.19 %	0.13 %	0.69 %
EBITDA	1.06 B	(5.41 M)	96.04 M	6.52 M
Operating Margin	0.47 %	0.38 %	0.21 %	0.39 %
Current Valuation	3.81 B	228.56 M	472.19 M	65.54 M
Cash Flow from Operations	928.42 K	33 M	64.48 M	32.42 M
Retained Earnings	(896.18 M)	N/A	(31.47 M)	(245.68 M)
Current Asset	850.93 K	N/A	94.48 M	32.67 M
Five Year Return	N/A	N/A	28.31 %	N/A
Beta	2.05	N/A	2.55	3.1
Price to Book	3.74 X	10.98 X	27.71 X	1.24 X
Shares Outstanding	85.27 M	34.12 M	38.71 M	100.7 M
Annual Yield	0.05 %	0.43 %	0.47 %	N/A
Total Debt	1.53 B	16.14 M	190 M	2.21 M
Return On Equity	1.61 %	N/A	(26.33) %	(10.16) %
Price to Earning	9.03 X	N/A	5.26 X	0.29 X
Z Score	0.6	0.6	0.6	17.8
Shares Owned by Institutions	88.81 %	0.49 %	43.46 %	9.00 %
Return On Asset	0.25 %	0.20 %	0.13 %	0.14 %
Book Value Per Share	8.78 X	0.48 X	(0.12) X	7.26 X
Cash and Equivalents	2.53 M	23.44 M	17.22 M	18.5 M
Price to Earnings To Growth	0.08 X	N/A	3.03 X	7.85 X
Current Liabilities	1.14 M	N/A	45.11 M	35.07 M
Total Asset	2.88 B	145.63 M	459.48 M	130.48 M
Short Ratio	4.29 X	0.52 X	1.45 X	1.49 X
Target Price	44.77	N/A	12.0	3.0
Last Dividend Paid	0.88	0.27	N/A	N/A
Price to Sales	1.59 X	1.11 X	0.64 X	1.36 X
Market Capitalization	2.39 B	29.84 M	243.49 M	71.25 M
Cash per Share	0.02 X	0.69 X	0.45 X	1.84 X
Net Income	773.24 K	(39.16 M)	57.88 M	(44.57 M)
Earnings Per Share	9.49 X	0.52 X	1.41 X	3.52 X
Debt to Equity	7.22 %	N/A	N/A	0.034 %
Revenue	1.57 B	97.92 M	458.46 M	78.86 M
Working Capital	(292.13 K)	N/A	49.37 M	(2.4 M)
Gross Profit	1.57 B	58.71 M	297.47 M	54.24 M
Coefficient Of Variation	(2,117)	(273.19)	(4,305)	(1,507)
Mean Deviation	2.43	3.72	3.34	3.37
Jensen Alpha	(0.08)	(2.42)	(0.025268)	(0.33)
Total Risk Alpha	(0.030263)	(2.16)	0.0758	(0.13)
Sortino Ratio	N/A	N/A	N/A	N/A
Downside Variance	N/A	N/A	N/A	N/A
Standard Deviation	3.08	6.62	4.92	4.66
Kurtosis	0.1029	13.28	4.09	1.54
Potential Upside	4.97	1.79	7.83	6.25
Treynor Ratio	(0.08)	(5.67)	(0.048562)	1.38
Maximum Drawdown	15.59	36.54	35.32	22.43
Variance	9.49	43.79	24.23	21.67
Market Risk Adjusted Performance	(0.07)	(5.66)	(0.038562)	1.39
Risk Adjusted Performance	(0.038044)	(0.34)	(0.01404)	(0.06)
Skewness	0.0409	(3.49)	0.2838	(0.38)
Semi Deviation	N/A	N/A	N/A	N/A
Information Ratio	(0.037922)	(0.36)	(0.017401)	(0.06)
Value At Risk	(4.63)	(15.51)	(6.24)	(9.64)
Expected Short fall	N/A	N/A	N/A	N/A
Downside Deviation	N/A	N/A	N/A	N/A
Semi Variance	N/A	N/A	N/A	N/A

Northern Oil Competition Performance Charts

Five steps to successful analysis of Northern Oil Competition

Northern Oil's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Northern Oil Gas in relation to its competition. Northern Oil's competition analysis typically involves several steps, including::

Identifying the key players in the market: This involves identifying the major competitors of Northern Oil in the market, both direct and indirect, as well as new entrants and disruptive technologies.
Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Northern Oil's competitive landscape.
Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Northern Oil Gas, and developing a strategy to address them.
Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.

Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Northern Oil position

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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Medical Equipment theme has 61 constituents at this time.

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Check out Northern Oil Correlation with its peers.For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide. You can also try Fund Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Northern Oil Gas 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 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

(0.22)

Dividend Share

0.88

Earnings Share

9.49

Revenue Per Share

23.265

Quarterly Revenue Growth

0.328

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 Northern Oil value 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Working Capital	Tangible Assets Book Value per Share
Tangible Asset Value	Sales per Share
Return on Sales	Return on Invested Capital
Return on Average Equity	Return on Average Assets
Price to Sales Ratio	Price Sales Damodaran Method
Price to Earnings Ratio	Price Earnings Damodaran Method
Price to Book Value	Payout Ratio
Profit Margin	Market Capitalization
Invested Capital Average	Invested Capital
Gross Margin	Foreign Currency to USD Exchange Rate
Free Cash Flow per Share	Free Cash Flow
Enterprise Value over EBITDA	Enterprise Value over EBIT
Enterprise Value	Average Equity
Earnings per Basic Share USD	Earnings per Diluted Share
Earnings per Basic Share	Earnings before Tax
Earnings Before Interest Taxes and Depreciation Amortization USD	EBITDA Margin
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	Dividends per Basic Common Share
Dividend Yield	Debt to Equity Ratio
Current Ratio	Book Value per Share
Asset Turnover	Average Assets
Total Assets Per Share	Net Assets Per Share
Cash Flow Per Share	Revenue Per Employee
Net Income Per Employee	Return on Investment
Operating Margin	Calculated Tax Rate
Receivables Turnover	Inventory Turnover
PPandE Turnover	Cash and Equivalents Turnover
Accounts Payable Turnover	Accrued Expenses Turnover
Interest Coverage	Long Term Debt to Equity
Quick Ratio	Net Current Assets as percentage of Total Assets
Revenue to Assets

Northern Competitors

Specify up to 10 symbols:

Northern Oil Competition Correlation Matrix

Related Correlations

Risk-Adjusted Indicators

Cross Equities Net Income Analysis

Northern Oil Gas and related stocks such as Alpine Summit Energy, Amplify Energy Corp, and Abraxas Petroleum Net Income description

Northern Oil Competitive Analysis

Northern Oil Competition Performance Charts

Five steps to successful analysis of Northern Oil Competition

Complement your Northern Oil position

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