Northern Oil Gas Stock Performance

NOG Stock  USD 39.55  0.02  0.05%   
On a scale of 0 to 100, Northern Oil holds a performance score of 12. The company secures a Beta (Market Risk) of 1.06, which conveys a somewhat significant risk relative to the market. Northern Oil returns are very sensitive to returns on the market. As the market goes up or down, Northern Oil is expected to follow. Please check Northern Oil's expected short fall, and the relationship between the value at risk and daily balance of power , to make a quick decision on whether Northern Oil's current price movements will revert.

Risk-Adjusted Performance

12 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Northern Oil Gas are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady basic indicators, Northern Oil reported solid returns over the last few months and may actually be approaching a breakup point. ...more

Actual Historical Performance (%)

One Day Return
0.0506
Five Day Return
(1.22)
Year To Date Return
7.36
Ten Year Return
(73.77)
All Time Return
30.53
Forward Dividend Yield
0.0405
Payout Ratio
0.2537
Last Split Factor
1:10
Forward Dividend Rate
1.6
Dividend Date
2024-07-31
1
Former oil executive Michael Reger accuses Dorsey Whitney of legal malpractice
03/05/2024
2
Novo Oil Gas II Receives Equity Capital Commitment from EnCap Investments
04/23/2024
 
Northern Oil dividend paid on 30th of April 2024
04/30/2024
4
Northern Oil Gas Inc Q1 2024 Earnings Call Transcript Highlights Robust Growth and ...
05/01/2024
5
Northern Oil and Gas, Inc. Q1 2024 Earnings Call Transcript
05/02/2024
6
Earnings Troubles May Signal Larger Issues for Northern Oil and Gas Shareholders
05/07/2024
7
Should Value Investors Buy Northern Oil and Gas Stock - Yahoo Singapore News
05/10/2024
8
Northern Oil and Gas stock target raised on stable outlook
05/14/2024
9
Northern Oil and Gas Now Appears To Be Near Fair Valuation - Seeking Alpha
05/22/2024
Begin Period Cash Flow2.5 M
  

Northern Oil Relative Risk vs. Return Landscape

If you would invest  3,432  in Northern Oil Gas on February 26, 2024 and sell it today you would earn a total of  523.00  from holding Northern Oil Gas or generate 15.24% return on investment over 90 days. Northern Oil Gas is generating 0.2285% of daily returns assuming volatility of 1.4187% on return distribution over 90 days investment horizon. In other words, 12% of stocks are less volatile than Northern, and above 96% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
       Risk  
Considering the 90-day investment horizon Northern Oil is expected to generate 2.42 times more return on investment than the market. However, the company is 2.42 times more volatile than its market benchmark. It trades about 0.16 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.08 per unit of risk.

Northern Oil Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Northern Oil's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Northern Oil Gas, and traders can use it to determine the average amount a Northern Oil's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.1611

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Estimated Market Risk

 1.42
  actual daily
12
88% of assets are more volatile

Expected Return

 0.23
  actual daily
4
96% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Northern Oil is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Northern Oil by adding it to a well-diversified portfolio.

Northern Oil Fundamentals Growth

Northern Stock prices reflect investors' perceptions of the future prospects and financial health of Northern Oil, and Northern Oil fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Northern Stock performance.

About Northern Oil Performance

To evaluate Northern Oil Gas Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Northern Oil generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Northern Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Northern Oil Gas market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Northern's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 0.00000037  0.00 
Return On Tangible Assets 0.21  0.22 
Return On Capital Employed 0.21  0.22 
Return On Assets 0.21  0.22 
Return On Equity 0.45  0.46 

Things to note about Northern Oil Gas performance evaluation

Checking the ongoing alerts about Northern Oil for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Northern Oil Gas help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company has 1.84 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 93.0% of Northern Oil shares are owned by institutional investors
On 30th of April 2024 Northern Oil paid $ 0.4 per share dividend to its current shareholders
Latest headline from news.google.com: Northern Oil and Gas Now Appears To Be Near Fair Valuation - Seeking Alpha
Evaluating Northern Oil's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Northern Oil's stock performance include:
  • Analyzing Northern Oil's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Northern Oil's stock is overvalued or undervalued compared to its peers.
  • Examining Northern Oil's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Northern Oil's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Northern Oil's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Northern Oil's stock. These opinions can provide insight into Northern Oil's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Northern Oil's stock performance is not an exact science, and many factors can impact Northern Oil's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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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
(0.97)
Dividend Share
1.55
Earnings Share
6.16
Revenue Per Share
19.262
Quarterly Revenue Growth
0.229
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.