Northern Competitors
| NOG Stock | USD 25.64 1.20 4.91% |
Northern Oil vs Talos Energy Correlation
Very poor diversification
The correlation between Northern Oil Gas and TALO is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Northern Oil Gas and TALO in the same portfolio, assuming nothing else is changed.
Moving together with Northern Stock
| 0.93 | FANG | Diamondback Energy | PairCorr |
| 0.85 | CNQ | Canadian Natural Res | PairCorr |
| 0.75 | COP | ConocoPhillips | PairCorr |
| 0.86 | EOG | EOG Resources | PairCorr |
Moving against Northern Stock
At this time, Northern Oil's Return On Assets are most likely to increase slightly in the upcoming years. At this time, Northern Oil's Non Current Assets Total are most likely to increase significantly in the upcoming years. The Northern Oil's current Total Current Assets is estimated to increase to about 604.6 M, while Intangibles To Total Assets are projected to decrease to (0.04).Northern Oil Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Northern Oil and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Northern and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Northern Oil Gas does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Northern Stock performing well and Northern Oil Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Northern Oil's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SM | 2.03 | 0.12 | 0.04 | 0.27 | 2.31 | 4.82 | 10.18 | |||
| CRGY | 2.35 | 0.24 | 0.07 | 0.36 | 3.14 | 5.24 | 15.66 | |||
| CIVI | 1.85 | (0.02) | 0.00 | 0.63 | 0.00 | 3.63 | 11.71 | |||
| TRMD | 1.53 | 0.24 | 0.12 | 0.86 | 1.30 | 4.36 | 10.37 | |||
| TNK | 1.43 | 0.17 | 0.04 | (4.03) | 1.64 | 2.94 | 12.96 | |||
| BKV | 2.15 | 0.30 | 0.10 | 0.57 | 2.36 | 5.14 | 12.30 | |||
| CSAN | 2.55 | (0.12) | 0.00 | (0.01) | 0.00 | 5.52 | 18.30 | |||
| DHT | 1.35 | 0.24 | 0.09 | (2.51) | 1.32 | 3.13 | 12.28 | |||
| BTE | 2.16 | 0.61 | 0.22 | 1.69 | 2.04 | 4.65 | 19.69 | |||
| TALO | 2.12 | 0.37 | 0.13 | 0.94 | 2.20 | 4.95 | 11.38 |
Cross Equities Net Income Analysis
Compare Northern Oil Gas and related stocks such as SM Energy, Crescent Energy, and Civitas Resources Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SM | 3.4 M | 215.4 M | (54.2 M) | 170.9 M | 666.1 M | (447.7 M) | (757.7 M) | (160.8 M) | 508.4 M | (187 M) | (764.6 M) | 36.2 M | 1.1 B | 817.9 M | 770.3 M | 885.8 M | 930.1 M |
| CRGY | 278.9 M | 278.9 M | 278.9 M | 278.9 M | 278.9 M | 278.9 M | 278.9 M | 278.9 M | 278.9 M | 46.7 M | (216.1 M) | (19.4 M) | 96.7 M | 67.6 M | (114.6 M) | (103.1 M) | (98 M) |
| CIVI | 13.7 M | 13.7 M | 104.6 M | 155.4 M | 20.3 M | (745.5 M) | (198.9 M) | (198.9 M) | 168.2 M | 67.1 M | 103.5 M | 178.9 M | 1.2 B | 784.3 M | 838.7 M | 964.5 M | 1 B |
| TRMD | 30.7 M | (453 M) | (580.6 M) | (162.2 M) | (284.2 M) | 126 M | (142.5 M) | 2.4 M | (34.8 M) | 166 M | 88.1 M | (42.1 M) | 562.8 M | 648.3 M | 612.5 M | 704.4 M | 739.6 M |
| TNK | 43.9 M | (113.1 M) | (370.2 M) | (8.1 M) | 57.1 M | 179.6 M | 62.9 M | (58 M) | (52.5 M) | 41.4 M | 87.3 M | (242.4 M) | 235.4 M | 519.9 M | 403.7 M | 464.2 M | 487.4 M |
| BKV | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (43.3 M) | (138.2 M) | 410.1 M | 116.9 M | (142.9 M) | (164.3 M) | (156.1 M) |
| CSAN | 32.3 M | 2.6 B | 638.2 M | 104.2 M | 292 M | 666.6 M | 1 B | 1.3 B | 1.7 B | 2.4 B | 859.5 M | 6.3 B | 1.2 B | 1.1 B | (9.4 B) | (8.5 B) | (8.1 B) |
| DHT | 6.1 M | (40.3 M) | (94.1 M) | (4.1 M) | 12.9 M | 105.3 M | 9.3 M | 6.6 M | (46.9 M) | 73.7 M | 266.3 M | (11.5 M) | 61.5 M | 161.4 M | 181.4 M | 211.1 M | 221.6 M |
| BTE | 800 K | 217.4 M | 258.6 M | 164.8 M | (132.8 M) | (1.1 B) | (485.2 M) | 87.2 M | (325.3 M) | (12.5 M) | (2.4 B) | 1.6 B | 855.6 M | (233.4 M) | 236.6 M | 212.9 M | 223.6 M |
| TALO | (646.7 M) | (646.7 M) | (646.7 M) | (646.7 M) | (646.7 M) | (646.7 M) | (208.1 M) | (62.9 M) | 221.5 M | 58.7 M | (465.6 M) | (183 M) | 381.9 M | 187.3 M | (76.4 M) | (87.9 M) | (92.2 M) |
Northern Oil Gas and related stocks such as SM Energy, Crescent Energy, and Civitas Resources Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Northern Oil Gas financial statement analysis. It represents the amount of money remaining after all of Northern Oil Gas operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Northern Oil Competitive Analysis
The better you understand Northern Oil competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Northern Oil's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Northern Oil's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Northern Oil Competition Performance Charts
Five steps to successful analysis of Northern Oil Competition
Northern Oil's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Northern Oil Gas in relation to its competition. Northern Oil's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Northern Oil in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Northern Oil's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Northern Oil Gas, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Northern Oil Correlation with its peers. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Can Oil & Gas Exploration & Production industry sustain growth momentum? Does Northern have expansion opportunities? Factors like these will boost the valuation of Northern Oil. Anticipated expansion of Northern directly elevates investor willingness to pay premium valuations. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Northern Oil demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.27) | Dividend Share 1.77 | Earnings Share 1.82 | Revenue Per Share | Quarterly Revenue Growth (0.09) |
Investors evaluate Northern Oil Gas using market value (trading price) and book value (balance sheet equity), each telling a different story. Calculating Northern Oil's intrinsic value - the estimated true worth - helps identify when the stock trades at a discount or premium to fair value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. External factors like market trends, sector rotation, and investor psychology can cause Northern Oil's market price to deviate significantly from intrinsic value.
It's important to distinguish between Northern Oil's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Northern Oil should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Conversely, Northern Oil's market price signifies the transaction level at which participants voluntarily complete trades.