NORTHERN OIL AND GAS INC (NOG) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:NOG - US6655313079 - Common Stock
21.98 USD
+0.17 (+0.78%)
22.16 USD
+0.18 (+0.82%)
Overall NOG gets a fundamental rating of 5 out of 10. We evaluated NOG against 210 industry peers in the Oil, Gas & Consumable Fuels industry. NOG has an excellent profitability rating, but there are concerns on its financial health. NOG has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
NOG had positive earnings in the past year.
NOG had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: NOG reported negative net income in multiple years.
Each year in the past 5 years NOG had a positive operating cash flow.
1.2 Ratios
NOG's Return On Assets of 3.30% is in line compared to the rest of the industry. NOG outperforms 50.95% of its industry peers.
NOG has a Return On Equity (8.07%) which is comparable to the rest of the industry.
The Return On Invested Capital of NOG (14.29%) is better than 92.86% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NOG is in line with the industry average of 21.41%.
The last Return On Invested Capital (14.29%) for NOG is well below the 3 year average (22.03%), which needs to be investigated, but indicates that NOG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.3% | ||
| ROE | 8.07% | ||
| ROIC | 14.29% |
ROA(3y)18.39%
ROA(5y)-10.2%
ROE(3y)55.05%
ROE(5y)N/A
ROIC(3y)22.03%
ROIC(5y)19.84%
1.3 Margins
NOG has a Profit Margin of 7.61%. This is comparable to the rest of the industry: NOG outperforms 51.43% of its industry peers.
NOG has a better Operating Margin (35.59%) than 82.38% of its industry peers.
In the last couple of years the Operating Margin of NOG has grown nicely.
With an excellent Gross Margin value of 74.23%, NOG belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
In the last couple of years the Gross Margin of NOG has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 35.59% | ||
| PM (TTM) | 7.61% | ||
| GM | 74.23% |
OM growth 3Y33.88%
OM growth 5Y23.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.67%
GM growth 5Y3.3%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so NOG is creating value.
NOG has less shares outstanding than it did 1 year ago.
NOG has more shares outstanding than it did 5 years ago.
NOG has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.49, we must say that NOG is in the distress zone and has some risk of bankruptcy.
NOG's Altman-Z score of 1.49 is in line compared to the rest of the industry. NOG outperforms 55.24% of its industry peers.
A Debt/Equity ratio of 1.05 is on the high side and indicates that NOG has dependencies on debt financing.
NOG has a Debt to Equity ratio of 1.05. This is in the lower half of the industry: NOG underperforms 70.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.49 |
ROIC/WACC1.58
WACC9.05%
2.3 Liquidity
A Current Ratio of 1.10 indicates that NOG should not have too much problems paying its short term obligations.
NOG has a Current ratio of 1.10. This is comparable to the rest of the industry: NOG outperforms 48.10% of its industry peers.
A Quick Ratio of 1.10 indicates that NOG should not have too much problems paying its short term obligations.
NOG has a Quick ratio of 1.10. This is comparable to the rest of the industry: NOG outperforms 56.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
The earnings per share for NOG have decreased strongly by -15.83% in the last year.
Measured over the past years, NOG shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.73% on average per year.
NOG shows a decrease in Revenue. In the last year, the revenue decreased by -4.94%.
The Revenue has been growing by 36.34% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-15.83%
EPS 3Y15.13%
EPS 5Y9.73%
EPS Q2Q%-26.43%
Revenue 1Y (TTM)-4.94%
Revenue growth 3Y64.84%
Revenue growth 5Y36.34%
Sales Q2Q%-35.53%
3.2 Future
The Earnings Per Share is expected to decrease by -0.62% on average over the next years.
The Revenue is expected to grow by 1.91% on average over the next years.
EPS Next Y-14.6%
EPS Next 2Y-25.09%
EPS Next 3Y-14.85%
EPS Next 5Y-0.62%
Revenue Next Year5.09%
Revenue Next 2Y-4.5%
Revenue Next 3Y-2.14%
Revenue Next 5Y1.91%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 4.54 indicates a rather cheap valuation of NOG.
Based on the Price/Earnings ratio, NOG is valued cheaply inside the industry as 93.81% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.15, NOG is valued rather cheaply.
With a Price/Forward Earnings ratio of 7.46, the valuation of NOG can be described as very cheap.
Based on the Price/Forward Earnings ratio, NOG is valued cheaper than 87.62% of the companies in the same industry.
NOG is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.12, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.54 | ||
| Fwd PE | 7.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NOG is valued cheaper than 92.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 2.68 |
4.3 Compensation for Growth
NOG has a very decent profitability rating, which may justify a higher PE ratio.
NOG's earnings are expected to decrease with -14.85% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.47
EPS Next 2Y-25.09%
EPS Next 3Y-14.85%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.45%, NOG is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.90, NOG pays a better dividend. On top of this NOG pays more dividend than 84.29% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, NOG pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
5.2 History
NOG has been paying a dividend for over 5 years, so it has already some track record.
NOG has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
NOG pays out 94.64% of its income as dividend. This is not a sustainable payout ratio.
DP94.64%
EPS Next 2Y-25.09%
EPS Next 3Y-14.85%
21.98
+0.17 (+0.78%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners118.35%
Inst Owner Change-18.09%
Ins Owners2.9%
Ins Owner Change0.17%
Market Cap2.15B
Revenue(TTM)2.38B
Net Income(TTM)181.19M
Analysts78.67
Price Target32.54 (48.04%)
Short Float %21.76%
Short Ratio9.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.45% |
Yearly Dividend1.62
Dividend Growth(5Y)N/A
DP94.64%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)29.68%
Min EPS beat(2)18.53%
Max EPS beat(2)40.84%
EPS beat(4)3
Avg EPS beat(4)18.92%
Min EPS beat(4)-1.4%
Max EPS beat(4)40.84%
EPS beat(8)6
Avg EPS beat(8)14.19%
EPS beat(12)8
Avg EPS beat(12)8.96%
EPS beat(16)11
Avg EPS beat(16)8.16%
Revenue beat(2)1
Avg Revenue beat(2)12.26%
Min Revenue beat(2)-7.69%
Max Revenue beat(2)32.21%
Revenue beat(4)2
Avg Revenue beat(4)5.51%
Min Revenue beat(4)-8.7%
Max Revenue beat(4)32.21%
Revenue beat(8)5
Avg Revenue beat(8)10.1%
Revenue beat(12)6
Avg Revenue beat(12)3.47%
Revenue beat(16)9
Avg Revenue beat(16)4.18%
PT rev (1m)-4.2%
PT rev (3m)-6.18%
EPS NQ rev (1m)3.28%
EPS NQ rev (3m)-4.37%
EPS NY rev (1m)-0.53%
EPS NY rev (3m)-1.14%
Revenue NQ rev (1m)1.07%
Revenue NQ rev (3m)-0.97%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.54 | ||
| Fwd PE | 7.46 | ||
| P/S | 0.9 | ||
| P/FCF | N/A | ||
| P/OCF | 1.45 | ||
| P/B | 0.96 | ||
| P/tB | 0.96 | ||
| EV/EBITDA | 2.68 |
EPS(TTM)4.84
EY22.02%
EPS(NY)2.95
Fwd EY13.4%
FCF(TTM)-1.71
FCFYN/A
OCF(TTM)15.2
OCFY69.13%
SpS24.39
BVpS23
TBVpS23
PEG (NY)N/A
PEG (5Y)0.47
Graham Number50.05
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.3% | ||
| ROE | 8.07% | ||
| ROCE | 16.95% | ||
| ROIC | 14.29% | ||
| ROICexc | 14.38% | ||
| ROICexgc | 14.38% | ||
| OM | 35.59% | ||
| PM (TTM) | 7.61% | ||
| GM | 74.23% | ||
| FCFM | N/A |
ROA(3y)18.39%
ROA(5y)-10.2%
ROE(3y)55.05%
ROE(5y)N/A
ROIC(3y)22.03%
ROIC(5y)19.84%
ROICexc(3y)22.07%
ROICexc(5y)19.88%
ROICexgc(3y)22.07%
ROICexgc(5y)19.88%
ROCE(3y)26.13%
ROCE(5y)23.52%
ROICexgc growth 3Y36.15%
ROICexgc growth 5Y35.22%
ROICexc growth 3Y36.15%
ROICexc growth 5Y35.22%
OM growth 3Y33.88%
OM growth 5Y23.52%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.67%
GM growth 5Y3.3%
F-Score4
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.05 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.41 | ||
| Cap/Depr | 202.29% | ||
| Cap/Sales | 69.3% | ||
| Interest Coverage | 4.97 | ||
| Cash Conversion | 89.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.1 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 1.49 |
F-Score4
WACC9.05%
ROIC/WACC1.58
Cap/Depr(3y)383.04%
Cap/Depr(5y)349.2%
Cap/Sales(3y)82.59%
Cap/Sales(5y)83.74%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.83%
EPS 3Y15.13%
EPS 5Y9.73%
EPS Q2Q%-26.43%
EPS Next Y-14.6%
EPS Next 2Y-25.09%
EPS Next 3Y-14.85%
EPS Next 5Y-0.62%
Revenue 1Y (TTM)-4.94%
Revenue growth 3Y64.84%
Revenue growth 5Y36.34%
Sales Q2Q%-35.53%
Revenue Next Year5.09%
Revenue Next 2Y-4.5%
Revenue Next 3Y-2.14%
Revenue Next 5Y1.91%
EBIT growth 1Y-30.69%
EBIT growth 3Y120.69%
EBIT growth 5Y68.41%
EBIT Next Year86.27%
EBIT Next 3Y20.15%
EBIT Next 5Y15.11%
FCF growth 1Y81.18%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y31.42%
OCF growth 3Y52.59%
OCF growth 5Y32.9%
NORTHERN OIL AND GAS INC / NOG FAQ
What is the fundamental rating for NOG stock?
ChartMill assigns a fundamental rating of 5 / 10 to NOG.
Can you provide the valuation status for NORTHERN OIL AND GAS INC?
ChartMill assigns a valuation rating of 6 / 10 to NORTHERN OIL AND GAS INC (NOG). This can be considered as Fairly Valued.
How profitable is NORTHERN OIL AND GAS INC (NOG) stock?
NORTHERN OIL AND GAS INC (NOG) has a profitability rating of 7 / 10.
Can you provide the PE and PB ratios for NOG stock?
The Price/Earnings (PE) ratio for NORTHERN OIL AND GAS INC (NOG) is 4.54 and the Price/Book (PB) ratio is 0.96.
Can you provide the dividend sustainability for NOG stock?
The dividend rating of NORTHERN OIL AND GAS INC (NOG) is 5 / 10 and the dividend payout ratio is 94.64%.