Northern Stock Price on March 24, 2023

NOG Stock  USD 33.00  0.08  0.24%   
If you're considering investing in Northern Stock, it is important to understand the factors that can impact its stock price. As of today, the current price of Northern Oil is 33.00, as last reported on the 10th of June, with the highest price reaching 33.42 and the lowest price hitting 32.70 during the day.
Northern Oil appears to be very steady, given 3 months investment horizon. Northern Oil Gas has Sharpe Ratio of 0.0941, which conveys that the firm had 0.0941% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Northern Oil, which you can use to evaluate the future volatility of the firm. Please exercise Northern Oil's Risk Adjusted Performance of 0.0443, downside deviation of 2.78, and Mean Deviation of 1.97 to check out if our risk estimates are consistent with your expectations.
  
The current Net Income Common Stock is estimated to increase to about 785.2 M. Northern Oil Price to Book Value is most likely to increase slightly in the upcoming years. The preceding year's Price to Book Value was reported at 3.22. The current Price to Earnings Ratio is estimated to increase to 3.59, while Price to Sales Ratio is projected to decrease to 1.46. Northern Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0941

Best PortfolioBest Equity
Good Returns
Average Returns
Small ReturnsNOG
CashSmall RiskAverage RiskHigh RiskHuge Risk
Negative Returns

Estimated Market Risk

 2.68
  actual daily
 23 
77% of assets are more volatile
2323

Expected Return

 0.25
  actual daily
 
96% of assets have higher returns
44

Risk-Adjusted Return

 0.09
  actual daily
 
93% of assets perform better
77
Based on monthly moving average Northern Oil is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern Oil by adding it to a well-diversified portfolio.

Northern Oil Stock Most Recent Updates

Price Book
3.7425
Enterprise Value Ebitda
3.4816
Price Sales
1.5942
Shares Float
75.4 M
Dividend Share
1.08

Northern Oil Valuation on March 24, 2023

It is possible to determine the worth of Northern Oil on a given historical date. On March 24, 2023 Northern was worth 27.04 at the beginning of the trading date compared to the closed value of 28.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Northern Oil stock. Still, in general, we apply an absolute valuation method to find Northern Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Northern Oil's related companies.
 Open High Low Close Volume
  28.23    28.75    27.31    27.36    963,088  
03/24/2023
  27.04    28.47    26.91    28.02    1,317,200  
  28.77    29.51    28.34    28.91    1,280,600  
Backtest Northern Oil  |  Northern Oil History  |  Northern Oil Valuation   PreviousNext  
Open Value 27.04
28.02
Closing Value
35.08
Upside

Northern Oil Trading Date Momentum on March 24, 2023

On March 27 2023 Northern Oil Gas was traded for  28.91  at the closing time. Highest Northern Oil's price during the trading hours was 29.51  and the lowest price during the day was  28.34 . The net volume was 1.3 M. The overall trading history on the 27th of March contributed to the next trading period price rise. The trading delta at closing time to the next next day price was 3.18% . The trading delta at closing time to current price is 14.99% .

Northern Oil Gas Fundamentals Correlations and Trends

By evaluating Northern Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Northern Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Northern financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Northern Oil Stock history

Northern Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Northern is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Northern Oil Gas will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Northern Oil stock prices may prove useful in developing a viable investing in Northern Oil
Last ReportedProjected for 2023
Weighted Average Shares78.6 M84.8 M
Weighted Average Shares Diluted86.7 M93.5 M
Issuance Purchase of Equity Shares-54.5 M-55.9 M

Northern Oil Quarterly Market Capitalization

2.59 Billion

Northern Oil Stock Technical Analysis

Northern Oil technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Northern Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Northern Oil trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Northern Oil Period Price Range

Low
March 24, 2023
High

 27.04 

  

 28.02 

0.983.62%

Northern Oil June 10, 2023 Market Strength

Market strength indicators help investors to evaluate how Northern Oil stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Northern Oil shares will generate the highest return on investment. By undertsting and applying Northern Oil stock market strength indicators, traders can identify Northern Oil Gas entry and exit signals to maximize returns

Northern Oil Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Northern stock's direction in advance. Along with the technical and fundamental analysis of Northern Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Northern to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 various price indices. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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.
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
CEO Directory
Screen CEOs from public companies around the world
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
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
1.08
Earnings Share
15.82
Revenue Per Share
22.337
Quarterly Revenue Growth
(0.07) 
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.