Northern Z Score

NOG Stock  USD 33.49  1.13  3.26%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Additionally, see Northern Oil Piotroski F Score and Northern Oil Valuation analysis.
  
Northern Oil Market Capitalization is projected to decrease significantly based on the last few years of reporting. The past year's Market Capitalization was at 361.49 Million. 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 Z Score Analysis

Northern Oil's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2019 2020 2022 2023 (projected)
Interest Expense80.68 M58.5 M67.28 M62.2 M
Gross Profit295.73 M406.09 M467 M396.11 M
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current Northern Oil Z Score

    
  1.8  
Most of Northern Oil's fundamental indicators, such as Z Score, 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.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

Northern Z Score 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 Z Score. 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.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

Based on the company's disclosures, Northern Oil Gas has a Z Score of 1.8. This is 19.28% lower than that of the Oil, Gas & Consumable Fuels sector and 37.93% lower than that of the Energy industry. The z score for all United States stocks is 79.36% higher than that of the company.

Northern Z Score 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 Z Score 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 z score 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.
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)

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.
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 Piotroski F Score and Northern Oil Valuation analysis. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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.