Is Northern Oil Stock a Good Investment?
Northern Oil Investment Advice | NOG |
- 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.
Sell | Buy |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
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 93.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.79. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Northern Oil Gas has Price/Earnings To Growth (PEG) ratio of 0.56. The entity recorded earning per share (EPS) of 8.58. The firm last dividend was issued on the 27th of September 2024. Northern Oil 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:
| Northern Oil Gas 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. Note however, debt could still be an excellent tool for Northern to invest in growth at high rates of return. | |
| Over 93.0% of Northern Oil shares are owned by institutional investors | |
| On 31st of October 2024 Northern Oil paid $ 0.42 per share dividend to its current shareholders | |
| Latest headline from seekingalpha.com: Northern Oil and Gas cut at RBC, seeing fewer near-term MA opportunities |
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.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
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.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-05-07 | 2021-03-31 | 0.56 | 0.62 | 0.06 | 10 | ||
2020-05-11 | 2020-03-31 | 0.34 | 0.4 | 0.06 | 17 | ||
2017-08-08 | 2017-06-30 | -0.14 | -0.0586 | 0.0814 | 58 | ||
2018-08-09 | 2018-06-30 | 0.81 | 0.9 | 0.09 | 11 | ||
2009-07-30 | 2009-06-30 | 0.2 | 0.1 | -0.1 | 50 | ||
2009-03-02 | 2008-12-31 | 0.3 | 0.4 | 0.1 | 33 | ||
2008-08-06 | 2008-06-30 | 0.2 | 0.1 | -0.1 | 50 | ||
2020-08-07 | 2020-06-30 | 0.31 | 0.2 | -0.11 | 35 |
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.
| Shares | Copeland Capital Management, Llc | 2024-09-30 | 2.1 M | Adage Capital Partners Gp Llc | 2024-06-30 | 1.9 M | Nuveen Asset Management, Llc | 2024-06-30 | 1.5 M | Hood River Capital Management Llc | 2024-09-30 | 1.5 M | Westfield Capital Management Company, Lp | 2024-09-30 | 1.4 M | Allspring Global Investments Holdings, Llc | 2024-06-30 | 1.4 M | Channing Capital Management, Llc | 2024-09-30 | 1.4 M | Bank Of New York Mellon Corp | 2024-06-30 | 1.2 M | Northern Trust Corp | 2024-09-30 | 1.1 M | Blackrock Inc | 2024-06-30 | 14.3 M | Fmr Inc | 2024-09-30 | 11.2 M |
Northern Oil's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 4.15 B.Market Cap |
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Northern Oil's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.21 | 0.22 | |
| Return On Capital Employed | 0.27 | 0.29 | |
| Return On Assets | 0.21 | 0.22 | |
| Return On Equity | 0.45 | 0.46 |
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.
Evaluate Northern Oil's management efficiency
Northern Oil Gas has Return on Asset of 0.1595 % which means that on every $100 spent on assets, it made $0.1595 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.4501 %, implying that it generated $0.4501 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 Northern Oil's current Return On Tangible Assets is estimated to increase to 0.22. The Northern Oil's current Return On Capital Employed is estimated to increase to 0.29. At this time, Northern Oil's Other Current Assets are most likely to increase significantly in the upcoming years. The Northern Oil's current Total Current Assets is estimated to increase to about 534.9 M, while Intangibles To Total Assets are projected to decrease to (0.01).| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 22.38 | 18.94 | |
| Tangible Book Value Per Share | 22.38 | 19.10 | |
| Enterprise Value Over EBITDA | 3.22 | 3.38 | |
| Price Book Value Ratio | 1.66 | 1.74 | |
| Enterprise Value Multiple | 3.22 | 3.38 | |
| Price Fair Value | 1.66 | 1.74 | |
| Enterprise Value | 5.2 B | 5.5 B |
The management team at Northern Oil has a track record of steering the company towards sustained growth. Evaluating their strategies helps in understanding the stock's long-term potential.
Dividend Yield 0.0409 | Forward Dividend Yield 0.0409 | Forward Dividend Rate 1.68 | Beta 1.814 |
Basic technical analysis of Northern Stock
As of the 22nd of November, Northern Oil secures the Downside Deviation of 2.26, risk adjusted performance of 0.0686, and Mean Deviation of 1.62. 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. 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 42.34 per share. Given that Northern Oil Gas has jensen alpha of 0.047, 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 insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Northern Oil insiders, such as employees or executives, is commonly permitted as long as it does not rely on Northern Oil's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Northern Oil insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Stuart Lasher over a month ago Acquisition by Stuart Lasher of 2161 shares of Northern Oil subject to Rule 16b-3 | ||
Stuart Lasher over three months ago Acquisition by Stuart Lasher of 1095 shares of Northern Oil subject to Rule 16b-3 | ||
Adam Dirlam over three months ago Disposition of 102 shares by Adam Dirlam of Northern Oil at 37.44 subject to Rule 16b-3 |
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.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| US665501AL66 Corp BondUS665501AL66 | View | |
| BRKHEC 34 16 OCT 51 Corp BondUS665501AM40 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| NORTHERN PAC RY Corp BondUS665585KH77 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
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.
| Risk Adjusted Performance | 0.0686 | |||
| Market Risk Adjusted Performance | 0.1231 | |||
| Mean Deviation | 1.62 | |||
| Semi Deviation | 2.02 | |||
| Downside Deviation | 2.26 | |||
| Coefficient Of Variation | 1221.24 | |||
| Standard Deviation | 2.46 | |||
| Variance | 6.07 | |||
| Information Ratio | 0.0432 | |||
| Jensen Alpha | 0.047 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | 0.1131 | |||
| Maximum Drawdown | 12.96 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.5 | |||
| Downside Variance | 5.09 | |||
| Semi Variance | 4.09 | |||
| Expected Short fall | (1.63) | |||
| Skewness | 1.35 | |||
| Kurtosis | 6.96 |
| Risk Adjusted Performance | 0.0686 | |||
| Market Risk Adjusted Performance | 0.1231 | |||
| Mean Deviation | 1.62 | |||
| Semi Deviation | 2.02 | |||
| Downside Deviation | 2.26 | |||
| Coefficient Of Variation | 1221.24 | |||
| Standard Deviation | 2.46 | |||
| Variance | 6.07 | |||
| Information Ratio | 0.0432 | |||
| Jensen Alpha | 0.047 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0471 | |||
| Treynor Ratio | 0.1131 | |||
| Maximum Drawdown | 12.96 | |||
| Value At Risk | (3.69) | |||
| Potential Upside | 3.5 | |||
| Downside Variance | 5.09 | |||
| Semi Variance | 4.09 | |||
| Expected Short fall | (1.63) | |||
| Skewness | 1.35 | |||
| Kurtosis | 6.96 |
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 Corporate Filings
13A | 12th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
10Q | 6th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 5th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 4th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
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 Corporate Directors
| Robert Grabb | Independent Director | Profile | |
| Michael Frantz | Independent Director | Profile | |
| Lisa Bromiley | Lead Independent Director | Profile | |
| Michael Popejoy | Independent Director | Profile |
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 closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Is Oil & Gas Exploration & Production space 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 9.571 | Dividend Share 1.62 | Earnings Share 8.58 | Revenue Per Share 20.025 | Quarterly Revenue Growth 0.062 |
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.