Is Northern Oil Stock a Good Investment?

Northern Oil Investment Advice

To provide specific investment advice or recommendations on Northern Oil Gas stock, we recommend investors consider the following general factors when evaluating Northern Oil Gas. This will help you to make an informed decision on whether to include Northern Oil in one of your diversified portfolios:
  • Examine Northern Oil's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Northern Oil's leadership team and their track record. Good management can help Northern Oil navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Oil & Gas Exploration & Production space and any emerging trends that could impact Northern Oil's business and its evolving consumer preferences.
  • Compare Northern Oil's performance and market position to its competitors. Analyze how Northern Oil is positioned in terms of product offerings, innovation, and market share.
  • Check if Northern Oil pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Northern Oil's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Northern Oil Gas stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Northern Oil Gas is a good investment.
Northern Oil Gas trade recommendations module can be used to check and cross-verify current advice provided by analysts analyzing the firm's potential to grow using all of fundamental, technical, data market data available at the time. To make sure Northern Oil Gas is not overpriced, please verify all Northern Oil Gas fundamentals, including its revenue, current ratio, beta, as well as the relationship between the cash and equivalents and earnings per share . Given that Northern Oil Gas has a price to earning of 9.03 X, we recommend you to check Northern Oil market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your last-minute risk tolerance and investing horizon.

Market Performance




Hype Condition


Current Valuation


Odds of Distress


Economic Sensitivity


Analyst Consensus


Financial Strenth (F Score)


Financial Leverage


Reporting Quality (M-Score)


Examine Northern Oil Stock

Researching Northern Oil's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 12.0% of the company outstanding shares are owned by corporate insiders. The book value of Northern Oil was now reported as 15.27. The company has Price/Earnings To Growth (PEG) ratio of 0.08. Northern Oil Gas recorded earning per share (EPS) of 14.4. The entity last dividend was issued on the 27th of September 2023. The firm had 1:10 split on the 21st of September 2020.
To determine if Northern Oil is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Northern Oil's research are outlined below:
The company has 1.53 B in debt with debt to equity (D/E) ratio of 7.22, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Northern Oil Gas has a current ratio of 0.59, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Northern Oil until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Oil's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northern Oil Gas sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Oil's use of debt, we should always consider it together with cash and equity.
Over 92.0% of Northern Oil shares are owned by institutional investors
On 31st of July 2023 Northern Oil paid $ 0.37 per share dividend to its current shareholders
Latest headline from GLOBAL MARKETS-Europe waits on knife-edge ECB decision - Yahoo Finance

Northern Oil Quarterly Earning Before Interest and Taxes EBIT

238.79 Million

Northern Oil uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Northern Oil Gas. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Northern Oil's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
14th of November 2023
Upcoming Quarterly Report
22nd of February 2024
Next Financial Report
30th of September 2023
Next Fiscal Quarter End
22nd of February 2024
Next Fiscal Year End
30th of June 2023
Last Quarter Report
31st of December 2022
Last Financial Announcement
Earnings surprises can significantly impact Northern Oil's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Northern Oil's investors have experienced.
Fiscal Date
Estimated EPS
Reported EPS

Northern Oil's SEC filings

Before you invest in Northern Oil, make sure you check Northern Oil'srecent SEC filings. These artifacts are important regulatory documents required of all public companies to provide to potential investors. Northern Oil prospectus issued under the guidelines of the SEC is a legal declaration of facts and statements to ensure that Northern Oil investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Northern Oil's specific information freely available to individual and institutional investors to make a timely investment decision.
15th of August 2023
Financial Statements and Exhibits. Regulation FD Disclosure. Completion of Acquisition or Disposition of Assets
14th of August 2023
Unclassified Corporate Event
11th of July 2023
Regulation FD Disclosure

Northern Oil Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Northern target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Northern Oil's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
Number of Opinions11
Lowered Outlook0
Raized Outlook0
Most Northern analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Northern stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Northern Oil Gas, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Northern Oil Target Price Projection

Northern Oil's current and average target prices are 39.86 and 50.82, respectively. The current price of Northern Oil is the price at which Northern Oil Gas is currently trading. On the other hand, Northern Oil's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Northern Oil Market Quote on 26th of September 2023

Low Price39.35Odds
High Price40.26Odds


Target Price

Analyst Consensus On Northern Oil Target Price

Low Estimate43.0Odds
High Estimate57.0Odds
Number of Analysts11
Standard Deviation4.49


Historical Lowest Forecast  43.0 Target Price  50.82 Highest Forecast  57.0
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Northern Oil Gas and the information provided on this page.

Northern Oil Analyst Ratings

Northern Oil's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Northern Oil stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Northern Oil's financials, market performance, and future outlook by experienced professionals. Northern Oil's historical ratings below, therefore, can serve as a valuable tool for investors.

Know Northern Oil's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Northern Oil is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Northern Oil Gas backward and forwards among themselves. Northern Oil's institutional investor refers to the entity that pools money to purchase Northern Oil's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Last TransactionTypeSharesValue
Blackrock Inc2023-06-30Common Shares12 M410.6 M
Fmr Llc2023-06-30Common Shares7.2 M245.5 M
Vanguard Group Inc2023-06-30Common Shares6.1 M210.2 M
State Street Corp2023-06-30Common Shares4.4 M153.4 M
Angelo Gordon Co Lp2023-06-30Common Shares3.2 M109.8 M
Invesco Ltd2023-06-30Common Shares3.2 M109.2 M
Copeland Capital Management Llc2023-06-30Common Shares2.5 M86.8 M
American Century Companies Inc2023-06-30Common SharesM69.2 M
Capital World Investors2023-06-30Common SharesM68.6 M
Millennium Management Llc2023-06-30Common Shares1.9 M64.2 M
Westwood Holdings Group Inc2023-06-30Common Shares1.8 M62.4 M
Note, although Northern Oil's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Northern Oil's market capitalization trends

The company currently falls under 'Mid-Cap' category with a total capitalization of 3.62 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Northern Oil's market, we take the total number of its shares issued and multiply it by Northern Oil's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

2.59 Billion

Northern Oil's profitablity analysis

Northern Oil's profitability indicators refer to fundamental financial ratios that showcase Northern Oil's ability to generate income relative to its revenue or operating costs. If, let's say, Northern Oil is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Northern Oil's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Northern Oil's profitability requires more research than a typical breakdown of Northern Oil's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2023
Return on Investment 51.88  55.97 
Return on Average Assets 0.30  0.33 
Return on Average Equity 1.85  2.00 
Return on Invested Capital 0.24  0.26 
Return on Sales 0.55  0.59 
The company has Net Profit Margin of 0.74 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.82 %, which entails that for every 100 dollars of revenue, it generated $0.82 of operating income.
Determining Northern Oil's profitability involves analyzing its financial statements and using various financial metrics to determine if Northern Oil is a good buy. For example, gross profit margin measures Northern Oil's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Northern Oil's profitability and make more informed investment decisions.
The data published in Northern Oil's official financial statements usually reflect Northern Oil's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Northern Oil Gas. For example, before you start analyzing numbers published by Northern accountants, it's critical to develop an understanding of what Northern Oil's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Northern Oil's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Northern Oil's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Northern Oil's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Northern Oil Gas. Please utilize our Beneish M Score to check the likelihood of Northern Oil's management manipulating its earnings.

Evaluate Northern Oil's management efficiency

Northern Oil Gas has Return on Asset of 0.2949 % which means that on every $100 spent on assets, it made $0.2949 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 1.5768 %, implying that it generated $1.5768 on every 100 dollars invested. Northern Oil's management efficiency ratios could be used to measure how well Northern Oil manages its routine affairs as well as how well it operates its assets and liabilities. The current Return on Investment is estimated to increase to 55.97. The current Return on Average Assets is estimated to increase to 0.33. Northern Oil Total Assets Per Share are most likely to decrease significantly in the upcoming years. The last year's value of Total Assets Per Share was reported at 33.76. The current Return on Average Assets is estimated to increase to 0.33, while Current Assets are projected to decrease to roughly 261.8 M.
Last ReportedProjected for 2023
Book Value per Share 9.49  11.49 
Enterprise Value over EBIT 4.00  4.11 
Enterprise Value over EBITDA 3.48  4.16 
Price to Book Value 3.22  3.47 
Tangible Assets Book Value per Share 36.60  37.56 
Enterprise Value3.9 B4.2 B
Tangible Asset Value2.9 B2.3 B
The analysis of Northern Oil's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Northern Oil's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Northern Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Long Term Debt Total
1.5 B
Short Long Term Debt Total
1.5 B
Forward Dividend Rate
Interest Expense
80.3 M
Total Operating Expenses
47.2 M

Basic technical analysis of Northern Stock

As of the 26th of September, Northern Oil secures the Mean Deviation of 1.41, risk adjusted performance of 0.0939, and Downside Deviation of 2.01. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Northern Oil Gas, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Northern Oil, which can be compared to its peers in the industry. Please verify Northern Oil Gas information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Northern Oil Gas is priced some-what accurately, providing market reflects its recent price of 39.86 per share. Given that Northern Oil Gas has jensen alpha of 0.2629, we recommend you to check Northern Oil's last-minute market performance to make sure the company can sustain itself at a future point.

Northern Oil's Outstanding Corporate Bonds

Northern Oil issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Northern Oil Gas uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Northern bonds can be classified according to their maturity, which is the date when Northern Oil Gas has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Understand Northern Oil's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Northern Oil's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Northern Oil's intraday indicators

Northern Oil intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Northern Oil stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Northern Oil time-series forecasting models is one of many Northern Oil's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Northern Oil's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Northern Stock media impact

Far too much social signal, news, headlines, and media speculation about Northern Oil that are available to investors today. That information is available publicly through Northern media outlets and privately through word of mouth or via Northern internal channels. However, regardless of the origin, that massive amount of Northern data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Northern Oil news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Northern Oil relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Northern Oil's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Northern Oil alpha.

Northern Oil Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Northern Oil can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Northern Oil Gas Historical Investor Sentiment

Investor biases related to Northern Oil's public news can be used to forecast risks associated with an 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 equities 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 and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Northern Oil news discussions. The higher the estimate score, the more favorable the investor's outlook on Northern Oil.

Northern Oil Maximum Pain Price across 2023-10-20 Option Contracts

Northern Oil's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Northern Oil close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Northern Oil's options.
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.

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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 bureau of economic analysis. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Northern Oil's 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 the 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
Dividend Share
Earnings Share
Revenue Per Share
Quarterly Revenue Growth
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.
In summary, please note that there is a difference between Northern Oil's value and its price, as these two are different measures arrived at by various 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.