Northern Oil Return On Asset vs. Retained Earnings

NOG Stock  USD 39.02  0.56  1.46%   
Taking into consideration Northern Oil's profitability measurements, Northern Oil Gas is performing exceptionally good at this time. It has a great risk to showcase excellent profitability results in April. Profitability indicators assess Northern Oil's ability to earn profits and add value for shareholders. At this time, Northern Oil's Operating Cash Flow Sales Ratio is most likely to slightly decrease in the upcoming years. The Northern Oil's current Days Of Sales Outstanding is estimated to increase to 117.00, while Price To Sales Ratio is projected to decrease to 1.69. At this time, Northern Oil's Net Income is most likely to increase significantly in the upcoming years. The Northern Oil's current Total Other Income Expense Net is estimated to increase to about 134.1 M, while Interest Income is projected to decrease to roughly 76.6 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Equity0.460.4507
Fairly Up
Very volatile
For Northern Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Oil Gas utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Oil Gas over time as well as its relative position and ranking within its peers.
  
Check out Correlation Analysis.
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.

Northern Oil Gas Retained Earnings vs. Return On Asset Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Northern Oil's current stock value. Our valuation model uses many indicators to compare Northern Oil value to that of its competitors to determine the firm's financial worth.
Northern Oil Gas is considered to be number one stock in return on asset category among related companies. It is considered to be number one stock in retained earnings category among related companies . At this time, Northern Oil's Retained Earnings are most likely to decrease significantly in the upcoming years.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Northern Oil by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Northern Oil's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Oil's earnings, one of the primary drivers of an investment's value.

Northern Retained Earnings vs. Return On Asset

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Northern Oil

Return On Asset

 = 

Net Income

Total Assets

 = 
0.19
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

Northern Oil

Retained Earnings

 = 

Beginning RE + Income

-

Dividends

 = 
(77.79 M)
Retained Earnings shows how the firm utilizes its profits over time. In simple terms, investors can think of retained earnings as the amount of profit the company has reinvested in the business since its inceptions. However the methodology to make a decision over how much profit to retain is different between companies in different industries. For example, growing industries tend to retain more of their earnings than more matured industries as they need more assets investment to sustain their growth.

Northern Retained Earnings Comparison

Northern Oil is currently under evaluation in retained earnings category among related companies.

Northern Oil Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Oil will eventually generate negative long term returns. The profitability progress is the general direction of Northern Oil's change in net profit over the period of time. It can combine multiple indicators of Northern Oil, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2024
Accumulated Other Comprehensive Income-2.2 B-2.1 B
Operating Income873 M916.7 M
Income Before TaxB1.1 B
Net Income923 M969.1 M
Total Other Income Expense Net127.7 M134.1 M
Income Tax Expense77.8 M81.7 M
Net Income Applicable To Common Shares654.9 M687.7 M
Net Income From Continuing Ops679.2 M713.1 M
Interest Income91.2 M76.6 M
Net Interest Income-123 M-129.1 M
Change To Netincome-27 M-25.6 M
Net Income Per E B T 0.92  0.84 

Northern Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Northern Oil. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Northern Oil position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Northern Oil's important profitability drivers and their relationship over time.

Use Northern Oil in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Oil position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Oil will appreciate offsetting losses from the drop in the long position's value.

Northern Oil Pair Trading

Northern Oil Gas Pair Trading Analysis

The ability to find closely correlated positions to Northern Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Oil Gas to buy it.
The correlation of Northern Oil is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Oil Gas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Oil can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Northern Oil position

In addition to having Northern Oil in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Entertainment Thematic Idea Now

Entertainment
Entertainment Theme
Companies from entertainment industry including show business, news and media. The Entertainment theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Entertainment Theme or any other thematic opportunities.
View All  Next Launch
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.
You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Complementary Tools for Northern Stock analysis

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.
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Equity Valuation
Check real value of public entities based on technical and fundamental data
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Transaction History
View history of all your transactions and understand their impact on performance
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
To fully project Northern Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Northern Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Northern Oil's income statement, its balance sheet, and the statement of cash flows.
Potential Northern Oil investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Northern Oil investors may work on each financial statement separately, they are all related. The changes in Northern Oil's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Northern Oil's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.