Northern Piotroski F Score

NOG Stock  USD 33.49  1.13  3.26%   
This module uses fundamental data of Northern Oil to approximate its Piotroski F score. Northern Oil F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Northern Oil Gas. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Northern Oil financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Additionally, see Northern Oil Altman Z Score, Northern Oil Correlation, Northern Oil Valuation, as well as analyze Northern Oil Alpha and Beta and Northern Oil Hype Analysis.
  
The current year Debt Current is expected to grow to about 84.5 M, whereas Total Debt is forecasted to decline to about 1 B. Northern Oil Inventory Turnover is projected to slightly decrease based on the last few years of reporting. The past year's Inventory Turnover was at 6.05. The current year Accounts Payable Turnover is expected to grow to 9.62, whereas Calculated Tax Rate is forecasted to decline to 157.68.
At this time, it appears that Northern Oil's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsNegativeFocus
2
Change in Return on AssetsDecreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)ImprovingFocus
5
Asset Turnover GrowthDecreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeLower LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginIncreaseFocus

Northern Oil Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Northern Oil is to make sure Northern is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Northern Oil's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Northern Oil's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted165.6 M166.7 M
Slightly Down
Down
Slightly volatile
Weighted Average Shares165.6 M166.7 M
Slightly Down
Down
Slightly volatile
Net Cash Flow from Operations244.8 M226.4 M
Significantly Up
Down
Slightly volatile
Current Liabilities128 M117.2 M
Significantly Up
Down
Slightly volatile
Total Liabilities1.2 B1.2 B
Notably Up
Down
Pretty Stable
Gross Margin60.3753.6
Moderately Up
Down
Slightly volatile
Total DebtB1.1 B
Significantly Down
Up
Slightly volatile
Asset Turnover0.180.19
Notably Down
Down
Pretty Stable
Current Assets262.4 M199.1 M
Significantly Up
Down
Slightly volatile
Total Assets998.8 M973.2 M
Fairly Up
Down
Slightly volatile

Northern Oil Gas F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Northern Oil's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Northern Oil in a much-optimized way.

About Northern Oil Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

165.63 Million

Northern Oil Weighted Average Shares is projected to decrease significantly based on the last few years of reporting. The past year's Weighted Average Shares was at 166.71 Million

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.
201820192020202120222023 (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)

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.
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.

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Additionally, see Northern Oil Altman Z Score, Northern Oil Correlation, Northern Oil Valuation, as well as analyze Northern Oil Alpha and Beta and Northern Oil Hype Analysis. You can also try Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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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
51.103
Market Capitalization
B
Quarterly Revenue Growth
1.051
Return On Assets
0.2997
Return On Equity
2.9123
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.