Northern Property Plant and Equipment Net vs Investments Analysis

NOG Stock  USD 39.02  0.56  1.46%   
Northern Oil financial indicator trend analysis is infinitely more than just investigating Northern Oil Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Oil Gas is a good investment. Please check the relationship between Northern Oil Property Plant And Equipment Net and its Investments accounts. 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 signals in persons.

Property Plant And Equipment Net vs Investments

Property Plant and Equipment Net vs Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Oil Gas Property Plant and Equipment Net account and Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Northern Oil's Property Plant and Equipment Net and Investments is -0.92. Overlapping area represents the amount of variation of Property Plant and Equipment Net that can explain the historical movement of Investments in the same time period over historical financial statements of Northern Oil Gas, assuming nothing else is changed. The correlation between historical values of Northern Oil's Property Plant and Equipment Net and Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant and Equipment Net of Northern Oil Gas are associated (or correlated) with its Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Investments has no effect on the direction of Property Plant and Equipment Net i.e., Northern Oil's Property Plant and Equipment Net and Investments go up and down completely randomly.

Correlation Coefficient

-0.92
Relationship DirectionNegative 
Relationship StrengthSignificant

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.
Most indicators from Northern Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Oil Gas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 signals in persons.
At this time, Northern Oil's Enterprise Value Multiple is most likely to increase significantly in the upcoming years.
 2023 2024 (projected)
Extraordinary Items720K640K
Reconciled Depreciation412.2M213.1M

Northern Oil fundamental ratios Correlations

0.790.611.0-0.180.770.840.990.580.98-0.430.750.50.70.60.850.850.020.850.020.730.820.880.830.360.15
0.790.760.8-0.080.80.860.840.340.89-0.510.80.70.860.580.890.88-0.190.89-0.190.640.890.890.910.140.1
0.610.760.630.480.550.70.67-0.020.7-0.410.530.750.580.360.930.94-0.310.93-0.310.840.830.850.9-0.05-0.13
1.00.80.63-0.180.780.850.990.570.98-0.450.760.50.710.590.860.86-0.030.86-0.030.740.830.880.840.360.16
-0.18-0.080.48-0.18-0.45-0.26-0.13-0.51-0.120.35-0.480.53-0.29-0.150.20.22-0.110.22-0.110.260.020.090.18-0.42-0.52
0.770.80.550.78-0.450.910.760.460.79-0.821.00.220.810.430.720.71-0.250.71-0.250.580.760.740.710.360.41
0.840.860.70.85-0.260.910.870.340.89-0.720.920.350.870.40.850.85-0.220.85-0.220.720.940.870.830.310.22
0.990.840.670.99-0.130.760.870.521.0-0.430.750.560.750.590.890.89-0.010.89-0.010.740.870.910.870.320.1
0.580.34-0.020.57-0.510.460.340.520.5-0.170.450.120.370.510.250.220.20.230.20.280.260.420.20.440.06
0.980.890.70.98-0.120.790.891.00.5-0.450.780.590.780.60.910.9-0.040.91-0.040.740.890.930.90.30.1
-0.43-0.51-0.41-0.450.35-0.82-0.72-0.43-0.17-0.45-0.820.08-0.660.16-0.47-0.460.37-0.470.37-0.4-0.56-0.47-0.46-0.4-0.32
0.750.80.530.76-0.481.00.920.750.450.78-0.820.20.830.420.70.69-0.250.7-0.250.540.760.720.70.360.4
0.50.70.750.50.530.220.350.560.120.590.080.20.340.560.730.73-0.080.73-0.080.540.550.690.75-0.22-0.21
0.70.860.580.71-0.290.810.870.750.370.78-0.660.830.340.360.740.72-0.140.73-0.140.520.870.750.760.3-0.1
0.60.580.360.59-0.150.430.40.590.510.60.160.420.560.360.510.510.020.510.020.340.410.510.54-0.060.11
0.850.890.930.860.20.720.850.890.250.91-0.470.70.730.740.511.0-0.21.0-0.20.860.930.960.970.13-0.02
0.850.880.940.860.220.710.850.890.220.9-0.460.690.730.720.511.0-0.211.0-0.210.860.930.950.980.1-0.03
0.02-0.19-0.31-0.03-0.11-0.25-0.22-0.010.2-0.040.37-0.25-0.08-0.140.02-0.2-0.21-0.211.0-0.1-0.19-0.09-0.240.12-0.18
0.850.890.930.860.220.710.850.890.230.91-0.470.70.730.730.511.01.0-0.21-0.210.860.930.950.980.11-0.03
0.02-0.19-0.31-0.03-0.11-0.25-0.22-0.010.2-0.040.37-0.25-0.08-0.140.02-0.2-0.211.0-0.21-0.1-0.19-0.09-0.240.12-0.18
0.730.640.840.740.260.580.720.740.280.74-0.40.540.540.520.340.860.86-0.10.86-0.10.810.870.730.170.0
0.820.890.830.830.020.760.940.870.260.89-0.560.760.550.870.410.930.93-0.190.93-0.190.810.930.90.2-0.03
0.880.890.850.880.090.740.870.910.420.93-0.470.720.690.750.510.960.95-0.090.95-0.090.870.930.90.270.02
0.830.910.90.840.180.710.830.870.20.9-0.460.70.750.760.540.970.98-0.240.98-0.240.730.90.90.07-0.04
0.360.14-0.050.36-0.420.360.310.320.440.3-0.40.36-0.220.3-0.060.130.10.120.110.120.170.20.270.070.15
0.150.1-0.130.16-0.520.410.220.10.060.1-0.320.4-0.21-0.10.11-0.02-0.03-0.18-0.03-0.180.0-0.030.02-0.040.15
Click cells to compare fundamentals

Northern Oil Account Relationship Matchups

Northern Oil fundamental ratios Accounts

201920202021202220232024 (projected)
Short Long Term Debt Total1.1B944.8M803.4M1.5B1.8B1.9B
Total Current Liabilities203.5M182.5M327.6M345.0M385.8M405.0M
Total Stockholder Equity558.6M(223.3M)215.1M745.3M2.0B2.2B
Net Debt1.1B943.4M793.9M1.5B1.8B1.9B
Retained Earnings(873.2M)(1.8B)(1.8B)(1.0B)(77.8M)(81.7M)
Common Stock Total Equity66.8K378.3K406K448K515.2K541.0K
Common Stock Shares Outstanding38.7M42.7M63.0M86.7M92.1M96.7M
Non Current Liabilities Total1.1B912.9M980.2M1.8B2.1B2.2B
Other Stockholder Equity1.4B1.6B2.0B1.7B2.1B2.2B
Total Liab1.3B1.1B1.3B2.1B2.4B2.6B
Common Stock406K448K479K487K503K528.2K
Accounts Payable69.4M35.8M65.5M128.6M192.7M202.3M
Other Current Liab134.1M4.7M262.1M216.4M193.1M202.7M
Total Assets1.9B872.1M1.5B2.9B4.5B4.7B
Property Plant And Equipment Net1.7B735.2M1.3B2.5B3.9B4.1B
Cash16.1M1.4M9.5M2.5M8.2M7.8M
Non Current Assets Total1.8B746.5M1.3B2.6B4.0B4.2B
Cash And Short Term Investments16.1M1.4M9.5M2.5M8.2M7.8M
Liabilities And Stockholders Equity1.9B872.1M1.5B2.9B4.5B4.7B
Other Current Assets2.0M1.4M3.4M2.0M127.4M133.8M
Property Plant And Equipment Gross1.7B735.2M5.1B6.5B8.5B8.9B
Total Current Assets133.0M125.6M215.3M320.5M509.4M534.9M
Property Plant Equipment1.7B735.2M1.3B2.5B2.9B3.0B
Non Currrent Assets Other23.6M6.7M48.3M56.0M30.2M31.7M
Other Assets23.8M744.0M54.2M71.8M82.5M78.1M
Net Receivables108.5M71.0M193.6M271.7M373.8M392.5M
Inventory6.5M51.8M8.8M44.3M50.9M36.1M
Other Liab25.2M32.6M176.7M259.5M298.5M313.4M
Long Term Debt1.1B879.8M803.4M1.5B1.8B1.9B
Net Tangible Assets558.6M(223.3M)215.1M745.3M857.0M899.9M
Long Term Debt Total1.1B879.8M803.4M1.5B1.8B1.1B
Capital Surpluse1.4B1.6B2.0B1.7B2.0B1.2B
Deferred Long Term Liab9.8M6.5M5.7M10.9M12.5M8.3M
Non Current Liabilities Other346K50K3.1M2.0M2.7M2.9M
Cash And Equivalents16.1M1.4M9.5M2.5M2.3M2.2M
Net Invested Capital1.7B721.5M1.0B2.3B3.9B4.1B

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When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:
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 signals in persons.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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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
1.379
Dividend Share
1.49
Earnings Share
10.03
Revenue Per Share
19.095
Quarterly Revenue Growth
0.226
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.