Northern Stock Today

NOG Stock  USD 31.96  0.36  1.14%   
Market Performance
0 of 100
Odds Of Distress
Less than 41
Northern Oil is trading at 31.96 as of the 4th of February 2023, a 1.14 percent up since the beginning of the trading day. The stock's lowest day price was 31.52. Northern Oil has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Northern Oil Gas are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of January 2023 and ending today, the 4th of February 2023. Click here to learn more.
CUSIP
665531109
Fiscal Year End
December
Business Domain
Energy
IPO Date
13th of April 2007
Category
Energy
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. The company has 85.25 M outstanding shares of which 6.21 M shares are now shorted by investors with about 4.68 days to cover. More on Northern Oil Gas

Moving together with Northern Oil

+0.81DVNDevon Energy Sell-off TrendPairCorr
+0.9EOGEOG Resources Sell-off TrendPairCorr
+0.74NRTNorth European Oil Earnings Call This WeekPairCorr
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores

Northern Oil Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Northern Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Northern Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Co-Founder, CEO and DirectorMichael Reger
Thematic Ideas
(view all).
Fama & French Classification
Average Analyst Recommendation
Analysts covering Northern Oil report their recommendations after researching Northern Oil's financial statements, talking to executives and customers, or listening in on Northern Oil's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Northern Oil Gas. The Northern consensus assessment is calculated by taking the average forecast from all of the analysts covering Northern Oil.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Northern Oil Gas based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Northern Oil Gas financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted165.6 M166.7 M
Slightly Down
Down
Slightly volatile
Weighted Average Shares165.6 M166.7 M
Slightly Down
Down
Slightly volatile
Net Cash Flow from Operations244.8 M226.4 M
Significantly Up
Down
Slightly volatile
Current Liabilities128 M117.2 M
Significantly Up
Down
Slightly volatile
Total Liabilities1.2 B1.2 B
Notably Up
Down
Pretty Stable
Gross Margin60.3753.6
Moderately Up
Down
Slightly volatile
Total DebtB1.1 B
Significantly Down
Up
Slightly volatile
Asset Turnover0.180.19
Notably Down
Down
Pretty Stable
Current Assets262.4 M199.1 M
Significantly Up
Down
Slightly volatile
Total Assets998.8 M973.2 M
Fairly Up
Down
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Northern Oil's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
Financial Strength
Northern Oil's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Northern Oil's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Northern Oil's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Northern Oil's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Northern Oil's financial leverage. It provides some insight into what part of Northern Oil's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Northern Oil's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Northern Oil deploys its capital and how much of that capital is borrowed.
Liquidity
Northern Oil cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 803.44 M 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.

Operating Cash Flow

244.83 Million
Northern Oil Gas (NOG) is traded on New York Stock Exchange in USA and employs 25 people. Northern Oil is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.72 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. Northern Oil Gas runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 85.25 M outstanding shares of which 6.21 M shares are now shorted by investors with about 4.68 days to cover. Northern Oil Gas has about 9.52 M in cash with 396.47 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Northern Oil Probability Of Bankruptcy
Ownership
Northern Oil Gas holds a total of 85.25 Million outstanding shares. The majority of Northern Oil outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Northern Oil Gas to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Northern Oil Gas. Please pay attention to any change in the institutional holdings of Northern Oil as this could imply that something significant has changed or about to change at the company. Also note that almost one million seven hundred four thousand nine hundred eighty invesors are currently shorting Northern Oil expressing very little confidence in its future performance.

Ownership Allocation

Check Northern Ownership Details

Northern Stock Price Odds Analysis

What are Northern Oil's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Northern Oil jumping above the current price in 90 days from now is about 66.88%. The Northern Oil Gas probability density function shows the probability of Northern Oil stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6822. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Northern Oil will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Northern Oil Gas is significantly underperforming NYSE Composite.
  Odds Below 31.96HorizonTargetOdds Above 31.96
32.95%90 days
 31.96 
66.88%
Based on a normal probability distribution, the odds of Northern Oil to move above the current price in 90 days from now is about 66.88 (This Northern Oil Gas probability density function shows the probability of Northern Stock to fall within a particular range of prices over 90 days) .

Northern Stock 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.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.2 K254.2 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares8.2 K226 K
View Northern Oil Diagnostics

Northern Oil Historical Income Statement

Northern Oil Gas Income Statement is one of the three primary financial statements used for reporting Northern's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Northern Oil Gas revenue and expense. Northern Oil Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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. View More Fundamentals

Northern Stock Against Markets

Picking the right benchmark for Northern Oil stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Northern Oil stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Northern Oil is critical whether you are bullish or bearish towards Northern Oil Gas at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northern Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Northern Oil Corporate Directors

Northern Oil corporate directors refer to members of a Northern Oil board of directors. The board of directors generally takes responsibility for the Northern Oil's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Northern Oil's board members must vote for the resolution. The Northern Oil board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Robert Grabb - Independent DirectorProfile
Michael Frantz - Independent DirectorProfile
Lisa Bromiley - Lead Independent DirectorProfile
Richard Weber - Independent DirectorProfile

Invested in Northern Oil Gas?

The danger of trading Northern Oil Gas is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Northern Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Northern Oil. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Northern Oil Gas is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Correlation Analysis. You can also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

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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
2.7 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.