Northern Oil Financials

NOG Stock  USD 42.05  0.40  0.94%   
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. At this time, Northern Oil's Total Stockholder Equity is most likely to increase significantly in the upcoming years. The Northern Oil's current Net Debt is estimated to increase to about 1.9 B, while Accumulated Other Comprehensive Income is forecasted to increase to (2.1 B). Key indicators impacting Northern Oil's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Equity0.460.4507
Fairly Up
Very volatile
Current Ratio1.251.3205
Notably Down
Slightly volatile
The financial analysis of Northern Oil is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Northern Oil includes many different criteria found on its balance sheet. For example, investors should never minimize Northern Oil's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Northern Oil's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Northern Oil.

Cash And Equivalents

2.16 Million

With this module, you can analyze Northern financials for your investing period. You should be able to track the changes in Northern Oil individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Northern Oil Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Northern Oil's financial statements are interrelated, with each one affecting the others. For example, an increase in Northern Oil's assets may result in an increase in income on the income statement.
The data published in Northern Oil's official financial statements usually reflect Northern Oil's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Northern Oil Gas. For example, before you start analyzing numbers published by Northern accountants, it's critical to develop an understanding of what Northern Oil's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Northern Oil's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Northern Oil's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Northern Oil's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Northern Oil Gas. Please utilize our Beneish M Score to check the likelihood of Northern Oil's management manipulating its earnings.

Northern Oil Stock Summary

Northern Oil competes with Vital Energy, Comstock Resources, Magnolia Oil, Obsidian Energy, and Matador Resources. 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. Northern Oil operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. It employs 25 people.
Specialization
Energy, Oil & Gas E&P
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS6655313079
CUSIP665531307 665531109
LocationMinnesota; U.S.A
Business Address4350 Baker Road,
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkNYSE Composite
Websitewww.noginc.com
Phone952 476 9800
CurrencyUSD - US Dollar
You should never invest in Northern Oil without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Northern Stock, because this is throwing your money away. Analyzing the key information contained in Northern Oil's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Northern Oil Key Financial Ratios

Generally speaking, Northern Oil's financial ratios allow both analysts and investors to convert raw data from Northern Oil's financial statements into concise, actionable information that can be used to evaluate the performance of Northern Oil over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Northern Oil Gas reports annually and quarterly.

Northern Oil Key Balance Sheet Accounts

201920202021202220232024 (projected)
Net Debt1.1B943.4M793.9M1.5B1.8B1.9B
Retained Earnings(873.2M)(1.8B)(1.8B)(1.0B)(77.8M)(81.7M)
Total Liab1.3B1.1B1.3B2.1B2.4B2.6B
Common Stock406K448K479K487K503K528.2K
Accounts Payable69.4M35.8M65.5M128.6M192.7M202.3M
Other Current Liab134.1M4.7M262.1M216.4M193.1M202.7M
Total Assets1.9B872.1M1.5B2.9B4.5B4.7B
Cash16.1M1.4M9.5M2.5M8.2M7.8M
Other Current Assets2.0M1.4M3.4M2.0M127.4M133.8M
Total Current Assets133.0M125.6M215.3M320.5M509.4M534.9M
Other Assets23.8M744.0M54.2M71.8M82.5M78.1M
Net Receivables108.5M71.0M193.6M271.7M373.8M392.5M
Inventory6.5M51.8M8.8M44.3M50.9M36.1M
Other Liab25.2M32.6M176.7M259.5M298.5M313.4M
Long Term Debt1.1B879.8M803.4M1.5B1.8B1.9B
Net Tangible Assets558.6M(223.3M)215.1M745.3M857.0M899.9M
Long Term Debt Total1.1B879.8M803.4M1.5B1.8B1.1B
Capital Surpluse1.4B1.6B2.0B1.7B2.0B1.2B
Cash And Equivalents16.1M1.4M9.5M2.5M2.3M2.2M
Net Invested Capital1.7B721.5M1.0B2.3B3.9B4.1B

Northern Oil Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Northern Oil's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense80.7M58.5M59.0M80.3M138.7M145.6M
Operating Income(19.3M)(2.7M)415.3M853.2M873.0M916.7M
Ebit(19.3M)(2.7M)415.3M853.2M873.0M916.7M
Ebitda190.9M(4.3M)556.1M1.3B1.4B1.4B
Income Before Tax(76.3M)(906.2M)6.6M776.3M1.0B1.1B
Net Income53.0M(906.0M)6.4M773.2M923.0M969.1M
Income Tax Expense(129.4M)(166K)233K3.1M77.8M81.7M
Total Revenue601.2M324.1M975.1M2.0B1.9B2.0B
Gross Profit214.4M15.8M586.5M1.3B913.9M959.6M
Cost Of Revenue386.9M308.2M388.6M670.1M993.1M1.0B
Interest Income79.3M59.5M58.0M79.3M91.2M76.6M
Net Interest Income(80.7M)(58.5M)(59.0M)(80.3M)(123.0M)(129.1M)

Northern Oil Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Northern Oil Gas. It measures of how well Northern is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Northern Oil brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Northern had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Northern Oil has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Capital Expenditures569.1M283.9M593.8M1.4B1.8B1.9B
Net Income(76.3M)(906.0M)6.4M773.2M923.0M969.1M
Other Non Cash Items(3.3M)5.6M6.8M(38.8M)(202.1M)(192.0M)
End Period Cash Flow16.1M1.4M9.5M2.5M8.2M15.9M
Change In Cash13.7M(14.6M)8.1M(7.0M)5.7M6.0M
Free Cash Flow(229.4M)47.8M(197.3M)(431.4M)(661.9M)(628.8M)
Depreciation411.6M1.2B465.3M251.3M486.0M510.3M
Net Borrowings212.5M(61.5M)(139.4M)722.1M830.4M871.9M
Change To Netincome241.7M1.0B334.3M(30.0M)(27.0M)(25.6M)
Investments(569.1M)(283.9M)(634.4M)(1.4B)(2.0B)(1.9B)

Northern Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Northern Oil's current stock value. Our valuation model uses many indicators to compare Northern Oil value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Northern Oil competition to find correlations between indicators driving Northern Oil's intrinsic value. More Info.
Northern Oil Gas is considered to be number one stock in return on equity category among related companies. It is considered to be number one stock in return on asset category among related companies reporting about  0.29  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Northern Oil Gas is roughly  3.42 . At this time, Northern Oil's Return On Equity is most likely to increase slightly in the upcoming years.Comparative valuation analysis is a catch-all model that can be used if you cannot value Northern Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Northern Oil's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Oil's earnings, one of the primary drivers of an investment's value.

Northern Oil Gas Systematic Risk

Northern Oil's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Northern Oil volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fifty with a total number of output elements of eleven. The Beta measures systematic risk based on how returns on Northern Oil Gas correlated with the market. If Beta is less than 0 Northern Oil generally moves in the opposite direction as compared to the market. If Northern Oil Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Northern Oil Gas is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Northern Oil is generally in the same direction as the market. If Beta > 1 Northern Oil moves generally in the same direction as, but more than the movement of the benchmark.

About Northern Oil Financials

What exactly are Northern Oil Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Northern Oil's income statement, its balance sheet, and the statement of cash flows. Potential Northern Oil investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Northern Oil investors may use each financial statement separately, they are all related. The changes in Northern Oil's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Northern Oil's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Northern Oil Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Northern Oil is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Northern has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Northern Oil's financials are consistent with your investment objective using the following steps:
  • Review Northern Oil's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Northern Oil's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Northern Oil's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Northern Oil's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Northern Oil Thematic Clasifications

Northern Oil Gas is part of several thematic ideas from SRI Sustainable Growth to Millennials Best. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Northern Oil Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Northern Oil's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Northern Oil growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.39

At this time, Northern Oil's Price Earnings To Growth Ratio is most likely to decrease significantly in the upcoming years.

Northern Oil April 19, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Northern Oil help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Northern Oil Gas. We use our internally-developed statistical techniques to arrive at the intrinsic value of Northern Oil Gas based on widely used predictive technical indicators. In general, we focus on analyzing Northern Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Northern Oil's daily price indicators and compare them against related drivers.
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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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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.