Northern Oil Gas Stock Today

NOG Stock  USD 43.20  0.86  2.03%   

Performance

5 of 100

 
Weak
 
Strong
Modest

Odds Of Distress

Less than 3

 
High
 
Low
Very Low
Northern Oil is trading at 43.20 as of the 24th of November 2024. This is a 2.03 percent increase since the beginning of the trading day. The stock's lowest day price was 42.22. Northern Oil has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Note, on January 21, 2015, Senator John Hoeven of US Senate acquired $15k to $50k worth of Northern Oil Gas's common stock.
Business Domain
Energy
IPO Date
13th of April 2007
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 99.83 M outstanding shares of which 15.6 M shares are now shorted by investors with about 14.79 days to cover. More on Northern Oil Gas

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Northern Stock Highlights

ESG Sustainability
Environmental
Governance
Social
ChairmanBahram Akradi
Thematic Ideas
(View all Themes)
Old Names[NORICUM GOLD (NOG.SG), NORICUM GOLD - Frankfurt Stock Exchang]
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP Small-Cap 600, SP OIL GAS, Millennials Best, SRI Sustainable Growth, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.250.4253
Way Down
Slightly volatile
Net Debt1.9 B1.8 B
Sufficiently Up
Slightly volatile
Total Current Liabilities405 M385.8 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total2.2 B2.1 B
Sufficiently Up
Slightly volatile
Total Assets4.7 B4.5 B
Sufficiently Up
Slightly volatile
Total Current Assets534.9 M509.4 M
Sufficiently Up
Slightly volatile
Debt Levels
Northern Oil can leverage 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.
Liquidity
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.

Net Income

969.12 Million
Northern Oil Gas (NOG) is traded on New York Stock Exchange in USA. It is located in 4350 Baker Road, Minnetonka, MN, United States, 55343 and employs 38 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 4.31 B. Northern Oil Gas runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 99.83 M outstanding shares of which 15.6 M shares are now shorted by investors with about 14.79 days to cover. Northern Oil Gas has about 2.53 M in cash with 1.18 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.02.
Check Northern Oil Probability Of Bankruptcy
Ownership Allocation
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 is about to change at the company. Please note that on January 21, 2015, Senator John Hoeven of US Senate acquired $15k to $50k worth of Northern Oil Gas's common stock.
Check Northern Ownership Details

Northern Stock Institutional Holders

InstituionRecorded OnShares
Copeland Capital Management, Llc2024-09-30
2.1 M
Adage Capital Partners Gp Llc2024-06-30
1.9 M
Nuveen Asset Management, Llc2024-06-30
1.5 M
Hood River Capital Management Llc2024-09-30
1.5 M
Westfield Capital Management Company, Lp2024-09-30
1.4 M
Allspring Global Investments Holdings, Llc2024-06-30
1.4 M
Channing Capital Management, Llc2024-09-30
1.4 M
Bank Of New York Mellon Corp2024-06-30
1.2 M
Northern Trust Corp2024-09-30
1.1 M
Blackrock Inc2024-06-30
14.3 M
Fmr Inc2024-09-30
11.2 M
View Northern Oil Diagnostics

Northern Oil Historical Income Statement

At this time, Northern Oil's Other Operating Expenses is most likely to increase significantly in the upcoming years. The Northern Oil's current Operating Income is estimated to increase to about 1.2 B, while Interest Income is projected to decrease to roughly 76.6 M. View More Fundamentals

Northern Stock Against Markets

Northern Oil Corporate Directors

Robert GrabbIndependent DirectorProfile
Michael FrantzIndependent DirectorProfile
Lisa BromileyLead Independent DirectorProfile
Michael PopejoyIndependent DirectorProfile
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 closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.
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
8.48
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.
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.