` Comparison: NOG, CNQ - Alpha Spread

NOG
vs
CNQ

Over the past 12 months, NOG has underperformed CNQ, delivering a return of -40% compared to the CNQ's +1% growth.

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Stocks Compared:
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Valuation Comparison

NOG Intrinsic Value
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CNQ Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Northern Oil and Gas Inc
NYSE:NOG
21.69 USD
Canadian Natural Resources Ltd
TSX:CNQ
43.19 CAD
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Valuation Scenario:
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Growth Comparison

Growth Over Time
NOG, CNQ

NOG
CNQ
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Northern Oil and Gas Inc
Revenue
Canadian Natural Resources Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
NOG, CNQ

NOG
CNQ
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Northern Oil and Gas Inc
NYSE:NOG
Canadian Natural Resources Ltd
TSX:CNQ
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What is Free Cash Flow?

Gross Margin

NOG
74.2%
CNQ
48.9%

Operating Margin

NOG
35.6%
CNQ
26.6%

Net Margin

NOG
7.6%
CNQ
17.2%

FCF Margin

NOG
-7%
CNQ
-2.7%

ROE

NOG
8%
CNQ
16.6%

ROA

NOG
3.4%
CNQ
8.3%

ROIC

NOG
12.8%
CNQ
10.9%

ROCE

NOG
17.6%
CNQ
14.3%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
NOG, CNQ

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NOG
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Performance Gap
NOG, CNQ

Performance Gap Between NOG and CNQ
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Performance By Year
NOG, CNQ

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CNQ
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