Northern Fundamentals

NOG
 Stock
  

USD 35.79  0.47  1.33%   

Northern Oil Gas fundamentals help investors to digest information that contributes to Northern Oil's financial success or failures. It also enables traders to predict the movement of Northern Stock. The fundamental analysis module provides a way to measure Northern Oil's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Northern Oil stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Northern Oil Operating Expenses is projected to increase significantly based on the last few years of reporting. The past year's Operating Expenses was at 1.43 Billion. The current year Revenues is expected to grow to about 455.1 M, whereas Cost of Revenue is forecasted to decline to about 136.5 M.

Northern Price to Book Analysis

Northern Oil's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
 2019 2020 2021 2022 (projected)
Interest Expense80.68 M58.5 M67.28 M62.2 M
Gross Profit295.73 M406.09 M467 M396.11 M
P/B 
 = 
MV Per Share 
BV Per Share 
More About Price to Book | All Equity Analysis

Current Northern Oil Price to Book

    
  4.29 X  
Most of Northern Oil's fundamental indicators, such as Price to Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Northern Oil Gas is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Northern Price to Book Historical Pattern

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 drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Northern Oil price to book as a starting point in their analysis.
   Northern Oil Price to Book   
Share
       Timeline  
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Compare to competition

Northern Book Value per Share

Book Value per Share

(4.83)

Northern Oil Book Value per Share is projected to decrease significantly based on the last few years of reporting. The past year's Book Value per Share was at -4.7
Based on the latest financial disclosure, the price to book indicator of Northern Oil Gas is roughly 4.2943 times. This is 6.56% higher than that of the Oil, Gas & Consumable Fuels sector and 59.87% lower than that of the Energy industry. The price to book for all United States stocks is 54.84% higher than that of the company.

Northern Oil Gas Fundamental Drivers 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 ebitda category among related companies. It is considered to be number one stock in price to book category among related companies . The ratio of EBITDA to Price to Book for Northern Oil Gas is about  48,073,493 . Northern Oil Earnings Before Interest Taxes and Depreciation Amortization EBITDA are projected to decrease significantly based on the last few years of reporting. The past year's Earnings Before Interest Taxes and Depreciation Amortization EBITDA were at (1.34 Billion). 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 Total Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Northern Oil's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Northern Oil could also be used in its relative valuation, which is a method of valuing Northern Oil by comparing valuation metrics of similar companies.
Northern Oil is currently under evaluation in total asset category among related companies.

Northern Oil Current Valuation Drivers

We derive many important indicators used in calculating different scores of Northern Oil from analyzing Northern Oil's financial statements. These drivers represent accounts that assess Northern Oil's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Northern Oil's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee(82.59 K)(24.15 K)(147.19 K)(1.48 M)(1.7 M)(1.75 M)
Revenue Per Employee350.89 K410.04 K475.52 K482.23 K554.56 K573.16 K
Average Assets514.29 M1.03 B1.67 B1.35 B1.55 B1.41 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA67.71 M192.41 M67.58 M(1.17 B)(1.34 B)(1.38 B)
Earnings Before Interest Taxes and Depreciation Amortization USD119.02 M350.3 M214.56 M(685.58 M)(617.03 M)(633.26 M)
Earnings before Tax(10.76 M)143.63 M(76.32 M)(906.21 M)(815.59 M)(837.05 M)
Average Equity(471.75 M)(48.88 M)443.79 M210.68 M189.61 M192.23 M
Enterprise Value976.33 M1.66 B2.09 B1.39 B1.6 B1.64 B
Free Cash Flow(46.27 M)(230.26 M)(229.38 M)47.76 M54.92 M59.26 M
Invested Capital1.42 B2.12 B2.82 B1.65 B1.9 B1.93 B
Invested Capital Average1.23 B1.66 B2.44 B2.15 B2.47 B2.17 B
Market Capitalization136.99 M871.64 M949.54 M401.66 M361.49 M497.95 M
Tangible Asset Value632.25 M1.5 B1.91 B872.09 M1 B1.16 B
Working Capital29.18 M(3.11 M)(70.44 M)(56.85 M)(51.16 M)(52.51 M)

Northern Oil 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.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.2 K226 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.2 K208 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.2 K232 K
Zurcher Kantonalbank Zurich CantonalbankCommon SharesK102 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.3 K135 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares6.3 K131 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares3.9 K22 K

Northern Fundamentals

About Northern Oil Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Northern Oil Gas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Northern Oil using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Northern Oil Gas based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Cost of Revenue168 M136.5 M
Revenues370.4 M455.1 M
Revenue to Assets 0.34  0.28 
Revenue Per Employee554.6 K573.2 K

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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.

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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Northern Oil Gas using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see Northern Oil Piotroski F Score and Northern Oil Altman Z Score analysis. You can also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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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 YOY
51.1
Market Capitalization
3.1 B
Quarterly Revenue Growth YOY
1.05
Return On Assets
0.3
Return On Equity
2.91
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.