Northern Average Payables vs Price To Sales Ratio Analysis

NOG Stock

USD 21.46 0.15 0.70%

Northern Oil financial indicator trend analysis is infinitely more than just investigating Northern Oil Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Oil Gas is a good investment. Please check the relationship between Northern Oil Average Payables and its Price To Sales Ratio accounts. 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 producer price index.

Average Payables vs Price To Sales Ratio

Average Payables vs Price To Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Oil Gas Average Payables account and Price To Sales Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Northern Oil's Average Payables and Price To Sales Ratio is -0.42. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Northern Oil Gas, assuming nothing else is changed. The correlation between historical values of Northern Oil's Average Payables and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Northern Oil Gas are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Average Payables i.e., Northern Oil's Average Payables and Price To Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Northern Oil Gas stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Northern Oil sales, a figure that is much harder to manipulate than other Northern Oil Gas multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Most indicators from Northern Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Oil Gas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 producer price index.

At this time, Northern Oil's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Northern Oil's current Enterprise Value Multiple is estimated to increase to 4.04, while Issuance Of Capital Stock is projected to decrease to 0.00.

	2022	2023	2024	2025 (projected)
Total Revenue	2.0B	1.9B	2.2B	2.3B
Cost Of Revenue	670.1M	993.1M	1.3B	1.4B

Total Revenue Cost Of Revenue

Northern Oil fundamental ratios Correlations

	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Common Stock	Accounts Payable	Other Current Liab	Current Deferred Revenue	Other Current Assets	Total Assets	Property Plant And Equipment Net	Cash	Non Current Assets Total	Cash And Short Term Investments	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Non Currrent Assets Other	Other Assets
Short Long Term Debt Total		0.65	0.47	0.86	0.12	0.44	0.59	0.84	0.48	0.82	-0.1	0.43	0.54	0.59	-0.04	0.44	0.68	0.68	0.27	0.67	0.23	0.64	0.72	0.68	0.43	-0.09
Total Current Liabilities	0.65		0.87	0.89	0.26	0.8	0.9	0.92	0.16	0.94	-0.54	0.79	0.75	0.94	0.07	0.66	0.95	0.94	-0.13	0.95	-0.17	0.94	0.94	0.94	0.18	-0.03
Total Stockholder Equity	0.47	0.87		0.77	0.63	0.6	0.78	0.8	-0.13	0.82	-0.46	0.59	0.78	0.76	-0.03	0.74	0.95	0.96	-0.24	0.95	-0.28	0.89	0.88	0.96	0.01	-0.22
Net Debt	0.86	0.89	0.77		0.18	0.78	0.89	1.0	0.33	0.99	-0.49	0.76	0.61	0.87	0.16	0.71	0.93	0.92	-0.01	0.92	-0.05	0.9	0.92	0.92	0.33	0.01
Retained Earnings	0.12	0.26	0.63	0.18		-0.23	0.04	0.23	-0.52	0.24	0.19	-0.25	0.63	0.06	-0.44	0.21	0.45	0.46	-0.09	0.46	-0.12	0.3	0.31	0.46	-0.32	-0.52
Common Stock Total Equity	0.44	0.8	0.6	0.78	-0.23		0.91	0.76	0.36	0.78	-0.83	1.0	0.3	0.88	0.5	0.66	0.72	0.71	-0.22	0.72	-0.25	0.76	0.75	0.71	0.37	0.32
Common Stock Shares Outstanding	0.59	0.9	0.78	0.89	0.04	0.91		0.9	0.2	0.91	-0.72	0.91	0.47	0.95	0.25	0.79	0.89	0.88	-0.17	0.88	-0.21	0.95	0.9	0.88	0.32	0.09
Non Current Liabilities Total	0.84	0.92	0.8	1.0	0.23	0.76	0.9		0.28	1.0	-0.47	0.75	0.65	0.89	0.11	0.7	0.95	0.94	0.0	0.94	-0.04	0.93	0.94	0.94	0.3	-0.04
Other Stockholder Equity	0.48	0.16	-0.13	0.33	-0.52	0.36	0.2	0.28		0.26	-0.13	0.36	0.01	0.21	-0.04	0.1	0.08	0.05	0.21	0.06	0.22	0.1	0.25	0.05	0.47	0.06
Total Liab	0.82	0.94	0.82	0.99	0.24	0.78	0.91	1.0	0.26		-0.49	0.76	0.67	0.9	0.1	0.71	0.96	0.95	-0.02	0.95	-0.07	0.94	0.95	0.95	0.28	-0.04
Short Term Debt	-0.1	-0.54	-0.46	-0.49	0.19	-0.83	-0.72	-0.47	-0.13	-0.49		-0.83	-0.02	-0.69	-0.53	-0.51	-0.5	-0.49	0.35	-0.5	0.37	-0.57	-0.52	-0.49	-0.41	-0.26
Common Stock	0.43	0.79	0.59	0.76	-0.25	1.0	0.91	0.75	0.36	0.76	-0.83		0.29	0.87	0.48	0.68	0.71	0.7	-0.22	0.7	-0.25	0.76	0.75	0.7	0.37	0.31
Accounts Payable	0.54	0.75	0.78	0.61	0.63	0.3	0.47	0.65	0.01	0.67	-0.02	0.29		0.49	-0.32	0.48	0.76	0.76	-0.06	0.76	-0.09	0.63	0.74	0.76	-0.17	-0.27
Other Current Liab	0.59	0.94	0.76	0.87	0.06	0.88	0.95	0.89	0.21	0.9	-0.69	0.87	0.49		0.19	0.59	0.87	0.87	-0.13	0.87	-0.17	0.94	0.87	0.87	0.32	-0.02
Current Deferred Revenue	-0.04	0.07	-0.03	0.16	-0.44	0.5	0.25	0.11	-0.04	0.1	-0.53	0.48	-0.32	0.19		0.2	0.04	0.05	-0.13	0.05	-0.13	0.01	-0.02	0.05	0.24	0.66
Other Current Assets	0.44	0.66	0.74	0.71	0.21	0.66	0.79	0.7	0.1	0.71	-0.51	0.68	0.48	0.59	0.2		0.76	0.75	-0.18	0.75	-0.2	0.75	0.8	0.75	0.14	0.22
Total Assets	0.68	0.95	0.95	0.93	0.45	0.72	0.89	0.95	0.08	0.96	-0.5	0.71	0.76	0.87	0.04	0.76		1.0	-0.13	1.0	-0.18	0.96	0.96	1.0	0.16	-0.13
Property Plant And Equipment Net	0.68	0.94	0.96	0.92	0.46	0.71	0.88	0.94	0.05	0.95	-0.49	0.7	0.76	0.87	0.05	0.75	1.0		-0.14	1.0	-0.18	0.95	0.95	1.0	0.15	-0.13
Cash	0.27	-0.13	-0.24	-0.01	-0.09	-0.22	-0.17	0.0	0.21	-0.02	0.35	-0.22	-0.06	-0.13	-0.13	-0.18	-0.13	-0.14		-0.14	1.0	-0.13	-0.06	-0.14	0.12	-0.17
Non Current Assets Total	0.67	0.95	0.95	0.92	0.46	0.72	0.88	0.94	0.06	0.95	-0.5	0.7	0.76	0.87	0.05	0.75	1.0	1.0	-0.14		-0.18	0.96	0.95	1.0	0.15	-0.13
Cash And Short Term Investments	0.23	-0.17	-0.28	-0.05	-0.12	-0.25	-0.21	-0.04	0.22	-0.07	0.37	-0.25	-0.09	-0.17	-0.13	-0.2	-0.18	-0.18	1.0	-0.18		-0.18	-0.1	-0.18	0.11	-0.17
Property Plant And Equipment Gross	0.64	0.94	0.89	0.9	0.3	0.76	0.95	0.93	0.1	0.94	-0.57	0.76	0.63	0.94	0.01	0.75	0.96	0.95	-0.13	0.96	-0.18		0.95	0.95	0.22	-0.13
Total Current Assets	0.72	0.94	0.88	0.92	0.31	0.75	0.9	0.94	0.25	0.95	-0.52	0.75	0.74	0.87	-0.02	0.8	0.96	0.95	-0.06	0.95	-0.1	0.95		0.95	0.28	-0.09
Property Plant Equipment	0.68	0.94	0.96	0.92	0.46	0.71	0.88	0.94	0.05	0.95	-0.49	0.7	0.76	0.87	0.05	0.75	1.0	1.0	-0.14	1.0	-0.18	0.95	0.95		0.15	-0.13
Non Currrent Assets Other	0.43	0.18	0.01	0.33	-0.32	0.37	0.32	0.3	0.47	0.28	-0.41	0.37	-0.17	0.32	0.24	0.14	0.16	0.15	0.12	0.15	0.11	0.22	0.28	0.15		0.13
Other Assets	-0.09	-0.03	-0.22	0.01	-0.52	0.32	0.09	-0.04	0.06	-0.04	-0.26	0.31	-0.27	-0.02	0.66	0.22	-0.13	-0.13	-0.17	-0.13	-0.17	-0.13	-0.09	-0.13	0.13

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Northern Oil Account Relationship Matchups

Northern Oil fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Short Long Term Debt Total	944.8M	803.6M	1.5B	1.8B	2.4B	2.5B
Total Current Liabilities	182.5M	327.6M	345.0M	385.8M	544.3M	571.5M
Total Stockholder Equity	(223.3M)	215.1M	745.3M	2.0B	2.3B	2.4B
Net Debt	943.4M	793.9M	1.5B	1.8B	2.4B	2.5B
Retained Earnings	(1.8B)	(1.8B)	(1.0B)	(77.8M)	442.5M	464.6M
Common Stock Shares Outstanding	42.7M	63.0M	86.7M	92.1M	101.3M	106.3M
Non Current Liabilities Total	912.9M	980.2M	1.8B	2.1B	2.7B	2.9B
Other Stockholder Equity	1.6B	2.0B	1.7B	2.1B	1.9B	1.1B
Total Liab	1.1B	1.3B	2.1B	2.4B	3.3B	3.4B
Common Stock	448K	479K	487K	503K	501K	526.1K
Accounts Payable	35.8M	65.5M	128.6M	192.7M	202.9M	213.0M
Other Current Liab	81.7M	262.1M	216.4M	193.1M	341.4M	358.5M
Other Current Assets	53.2M	3.4M	46.3M	127.4M	64.1M	67.3M
Total Assets	872.1M	1.5B	2.9B	4.5B	5.6B	5.9B
Property Plant And Equipment Net	735.2M	1.3B	2.5B	3.9B	5.1B	5.3B
Cash	1.4M	9.5M	2.5M	8.2M	8.9M	16.2M
Non Current Assets Total	746.5M	1.3B	2.6B	4.0B	5.1B	5.4B
Cash And Short Term Investments	1.4M	9.5M	2.5M	8.2M	8.9M	8.5M
Liabilities And Stockholders Equity	872.1M	1.5B	2.9B	4.5B	5.6B	5.9B
Property Plant And Equipment Gross	735.2M	5.1B	6.5B	8.5B	10.4B	10.9B
Total Current Assets	125.6M	215.3M	320.5M	509.4M	500.7M	525.8M
Property Plant Equipment	735.2M	1.3B	2.5B	3.9B	5.1B	5.3B
Non Currrent Assets Other	11.3M	48.3M	56.0M	43.3M	11.1M	11.6M
Other Assets	744.0M	54.2M	71.8M	40.9M	20.9M	19.9M
Net Receivables	71.0M	193.6M	271.7M	373.8M	427.7M	449.1M
Inventory	51.8M	8.8M	44.3M	1.0	1.15	1.09
Other Liab	25.2M	32.6M	176.7M	259.5M	298.5M	313.4M
Long Term Debt	879.8M	803.4M	1.5B	1.8B	2.4B	2.5B
Net Tangible Assets	558.6M	(223.3M)	215.1M	745.3M	857.0M	899.9M
Long Term Debt Total	879.8M	803.4M	1.5B	1.8B	2.4B	1.3B
Capital Surpluse	1.6B	2.0B	1.7B	2.1B	1.9B	1.4B
Deferred Long Term Liab	9.8M	6.5M	5.7M	10.9M	12.5M	8.3M
Non Current Liabilities Other	50K	3.1M	2.0M	2.7M	2.3M	1.3M
Cash And Equivalents	1.4M	9.5M	2.5M	8.2M	8.9M	14.0M

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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:

How To Invest In Northern

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Is Northern Stock a good investment?

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What is Northern Oil's Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Largest Oil & Gas E&P Companies

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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 producer price index.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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

(0.27)

Dividend Share

1.77

Earnings Share

1.82

Revenue Per Share

20.872

Quarterly Revenue Growth

(0.09)

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.

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Northern Average Payables vs Price To Sales Ratio Analysis

Average Payables vs Price To Sales Ratio

Average Payables vs Price To Sales Ratio Correlation Analysis

Correlation Coefficient

Average Payables

Price To Sales Ratio

Northern Oil fundamental ratios Correlations

Northern Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Oil fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Liabilities Total	+ 1.0	Net Debt
Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Property Plant Equipment	+ 1.0	Total Assets

Common Stock	- 0.83	Short Term Debt
Short Term Debt	- 0.83	Common Stock Total Equity
Short Term Debt	- 0.72	Common Stock Shares Outstanding
Other Current Liab	- 0.69	Short Term Debt
Property Plant And Equipment Gross	- 0.57	Short Term Debt
Short Term Debt	- 0.54	Total Current Liabilities