Northern Shares Outstanding

NOG Stock

USD 28.47 1.70 6.35%

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.

Receivables Inventories

Northern Shares Outstanding Analysis

Northern Oil's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.

	2020	2021	2022	2023 (projected)
Interest Expense	58.5 M	59.02 M	80.33 M	76.34 M
Gross Profit	406.09 M	249.13 M	1.15 B	1.24 B

Interest Expense Gross Profit

Shares Outstanding

Public Shares

Repurchased

More About Shares Outstanding | All Equity Analysis

Current Northern Oil Shares Outstanding

85.27 M

Most of Northern Oil's fundamental indicators, such as Shares Outstanding, 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 Shares Outstanding Driver Correlations

Understanding the fundamental principles of building solid financial models for Northern Oil is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Shares Outstanding. Since Northern Oil's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Northern Oil's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Northern Oil's interrelated accounts and indicators.

	Accounts Payable	Total Assets	Current Assets	Cash and Equivalents	Total Debt	Debt Current	Shareholders Equity	Investments Current	Total Liabilities	Current Liabilities	Tax Assets	Tax Liabilities
Accounts Payable		0.54	0.46	-0.07	0.05	-0.24	0.57	0.45	0.25	0.46	0.38	-0.2
Total Assets	0.54		0.81	-0.34	0.62	0.26	0.81	0.01	0.76	0.83	-0.09	-0.72
Current Assets	0.46	0.81		-0.11	0.78	0.44	0.43	0.42	0.86	0.89	-0.31	-0.71
Cash and Equivalents	-0.07	-0.34	-0.11		-0.02	-0.16	-0.44	0.37	-0.09	-0.25	-0.03	0.19
Total Debt	0.05	0.62	0.78	-0.02		0.44	0.06	0.15	0.97	0.71	-0.4	-0.79
Debt Current	-0.24	0.26	0.44	-0.16	0.44		0.01	-0.22	0.43	0.61	-0.28	-0.28
Shareholders Equity	0.57	0.81	0.43	-0.44	0.06	0.01		-0.17	0.24	0.5	0.15	-0.41
Investments Current	0.45	0.01	0.42	0.37	0.15	-0.22	-0.17		0.2	0.18	-0.18	0.04
Total Liabilities	0.25	0.76	0.86	-0.09	0.97	0.43	0.24	0.2		0.82	-0.32	-0.81
Current Liabilities	0.46	0.83	0.89	-0.25	0.71	0.61	0.5	0.18	0.82		-0.15	-0.58
Tax Assets	0.38	-0.09	-0.31	-0.03	-0.4	-0.28	0.15	-0.18	-0.32	-0.15		0.24
Tax Liabilities	-0.2	-0.72	-0.71	0.19	-0.79	-0.28	-0.41	0.04	-0.81	-0.58	0.24

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Northern Shares Outstanding 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 shares outstanding 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 shares outstanding as a starting point in their analysis.

Northern Oil Shares Outstanding

Timeline

Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

Competition

Predict Northern Oil

Weighted Average Shares Over Time

Based on the latest financial disclosure, Northern Oil Gas has 85.27 M of shares currently outstending. This is 95.3% lower than that of the Oil, Gas & Consumable Fuels sector and 89.87% lower than that of the Energy industry. The shares outstanding for all United States stocks is 85.09% higher than that of the company.

Northern Shares Outstanding 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 Shares Outstanding 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 shares outstanding 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.

	2018	2019	2020	2021	2022	2023 (projected)
Net Income Per Employee	7.18 M	(3.18 M)	(36.14 M)	254.44 K	23.43 M	25.28 M
Revenue Per Employee	33.95 M	19.68 M	22.03 M	19.88 M	47.59 M	51.35 M
Average Assets	1.03 B	1.67 B	1.35 B	1.18 B	2.39 B	2 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA	350.3 M	214.56 M	(685.58 M)	206.44 M	1.11 B	1.2 B
Earnings Before Interest Taxes and Depreciation Amortization USD	350.3 M	214.56 M	(685.58 M)	206.44 M	1.11 B	1.2 B
Earnings before Tax	143.63 M	(76.32 M)	(906.21 M)	6.59 M	776.34 M	837.63 M
Average Equity	(48.88 M)	443.79 M	210.68 M	(72.87 M)	392.93 M	423.95 M
Enterprise Value	1.66 B	2.09 B	1.39 B	2.56 B	3.85 B	4.16 B
Free Cash Flow	(230.26 M)	(229.38 M)	47.76 M	(197.32 M)	(431.36 M)	(442.71 M)
Invested Capital	2.12 B	2.82 B	1.65 B	2.27 B	4.34 B	3.51 B
Invested Capital Average	1.66 B	2.44 B	2.15 B	1.96 B	3.58 B	3.01 B
Market Capitalization	871.64 M	949.54 M	401.66 M	1.36 B	2.4 B	2.59 B
Tangible Asset Value	1.5 B	1.91 B	872.09 M	1.52 B	2.88 B	2.31 B
Working Capital	(3.11 M)	(70.44 M)	(56.85 M)	(112.23 M)	(24.49 M)	(26.42 M)

Northern Fundamentals

	Return On Equity	1.61 %
	Return On Asset	0.25 %
	Profit Margin	0.42 %
	Operating Margin	0.47 %
	Current Valuation	3.81 B
	Shares Outstanding	85.27 M
	Shares Owned by Insiders	13.39 %
	Shares Owned by Institutions	88.83 %
	Number of Shares Shorted	10.1 M
	Price to Earning	9.03 X
	Price to Book	3.74 X
	Price to Sales	1.59 X
	Revenue	1.57 B
	Gross Profit	1.57 B
	EBITDA	1.06 B
	Net Income	773.24 K
	Cash and Equivalents	2.53 M
	Cash per Share	0.02 X
	Total Debt	1.53 B
	Debt to Equity	7.22 %
	Current Ratio	0.60 X
	Book Value Per Share	8.78 X
	Cash Flow from Operations	928.42 K
	Short Ratio	4.29 X
	Earnings Per Share	8.92 X
	Price to Earnings To Growth	0.08 X
	Target Price	44.77
	Number of Employees	33
	Beta	2.05
	Market Capitalization	2.43 B
	Total Asset	2.88 B
	Retained Earnings	(896.18 M)
	Working Capital	(292.13 K)
	Current Asset	850.93 K
	Current Liabilities	1.14 M
	Z Score	0.6
	Annual Yield	0.05 %
	Net Asset	2.88 B
	Last Dividend Paid	0.88

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.

Northern Oil Investors Sentiment

The influence of Northern Oil's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Northern. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Investor biases related to Northern Oil's public news can be used to forecast risks associated with investment in Northern. The trend in average sentiment can be used to explain how an investor holding Northern can time the market purely based on public headlines and social activities around Northern Oil Gas. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.

Northern Oil's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Northern Oil's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Northern Oil's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northern Oil.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Oil's short interest history, or implied volatility extrapolated from Northern Oil options trading.

Becoming a Better Investor with Macroaxis

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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Complementary Tools for analysis

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

8.92

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.

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Northern Shares Outstanding

Northern Shares Outstanding Analysis

Current Northern Oil Shares Outstanding

Northern Shares Outstanding Driver Correlations

Northern Shares Outstanding Historical Pattern

Northern Shares Outstanding Peer Comparison

Northern Oil Current Valuation Drivers

Northern Fundamentals

About Northern Oil Fundamental Analysis

Northern Oil Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for analysis

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