Northern Oil and Gas, Inc. NOG
- Market cap
- $2.5B
- P/E
- 0.0×
Follow NOG
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15.50 | 6.30 | 14.70 | 14.10 | 3.35 | 8.58 | 20.02 | 25.56 | 31.13 | 19.88 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 58.50 | 40.00 | 44.90 | 29.40 | 23.60 | 27.87 | 39.10 | 43.64 | 44.31 | 42.35 |
High Price
|
|||
| 19 | 18 | 20 | 24 | 25 | 25 | 33 | 38 | 49 | 64 |
Employees
|
|||
| 8 | 12 | 34 | 20 | 22 | 20 | 48 | 57 | 45 | 39 |
Revenue/Emp
|
|||
| 145 | 209 | 679 | 472 | 552 | 497 | 1,571 | 2,166 | 2,226 | 2,476 |
Revenue
|
|||
| 57.77% | 66.40% | 83.51% | 62.60% | 73.54% | 50.14% | 73.33% | 76.59% | 73.63% | 75.56% |
Gross Margin
|
|||
| (295) | (11) | 144 | (76) | (906) | 7 | 776 | 1,001 | 681 | 63 |
EBT
|
|||
| (203.51%) | (5.14%) | 21.16% | (16.16%) | (164.11%) | 1.33% | 49.43% | 46.20% | 30.59% | 2.53% |
EBT Margin
|
|||
| (293) | (9) | 144 | (76) | (906) | 6 | 773 | 923 | 520 | 39 |
Net Income
|
|||
| 66 | 64 | 124 | 213 | 166 | 144 | 254 | 493 | 749 | 823 |
Depreciation
|
|||
| 23.69 | 33.54 | 28.74 | 12.20 | 12.92 | 7.89 | 19.99 | 23.68 | 22.29 | 25.34 |
Revenue/Sh
|
|||
| (48.00) | (1.50) | 6.10 | (2.00) | (21.55) | (0.13) | 9.26 | 10.09 | 5.21 | 0.40 |
Earnings/Sh
|
|||
| 16.66 | 11.69 | 10.34 | 8.78 | 7.76 | 6.29 | 11.82 | 12.93 | 14.11 | 15.41 |
Cash Flow/Sh
|
|||
| (14.87) | (19.11) | (20.09) | (14.70) | (6.64) | (9.43) | (17.31) | (20.36) | (16.77) | (12.82) |
Capex/Sh
|
|||
| 1.79 | (7.41) | (9.75) | (5.93) | 1.12 | (3.13) | (5.49) | (7.42) | (2.66) | 2.59 |
Free CF/Sh
|
|||
| (79.68) | (78.65) | 18.20 | 14.43 | (5.22) | 3.42 | 9.49 | 22.38 | 23.24 | 21.76 |
Book Value/Sh
|
|||
| 6 | 6 | 24 | 39 | 43 | 63 | 79 | 91 | 100 | 98 |
Shares
|
|||
| 0.00 | 0.00 | 3.69 | 0.00 | 0.00 | 0.00 | 3.16 | 3.65 | 7.12 | 58.03 |
PE Ratio
|
|||
| 1.22 | 0.76 | 0.79 | 1.92 | 0.68 | 2.61 | 1.45 | 1.56 | 1.67 | 0.85 |
PS Ratio
|
|||
| 0.00 | 0.00 | 1.24 | 1.62 | 0.00 | 6.03 | 3.06 | 1.65 | 1.60 | 0.99 |
PB Ratio
|
|||
| 6.93 | 5.69 | 2.06 | 4.57 | 2.29 | 4.33 | 2.44 | 2.39 | 2.74 | 1.77 |
EV/Sales
|
|||
| 91.84 | (25.73) | (6.08) | (9.40) | 26.52 | (10.91) | (8.88) | (7.64) | (22.88) | 17.31 |
EV/FCF
|
|||
| 102 | 73 | 244 | 340 | 332 | 396 | 928 | 1,183 | 1,409 | 1,505 |
Op' Cash Flow
|
|||
| (91) | (119) | (475) | (569) | (284) | (594) | (1,360) | (1,862) | (1,675) | (1,252) |
Capex
|
|||
| 11 | (46) | (230) | (229) | 48 | (197) | (431) | (679) | (266) | 253 |
FCF
|
|||
| (31) | 29 | (3) | (70) | (57) | (112) | (24) | 124 | (44) | 47 |
Working Cap'
|
|||
| 833 | 979 | 830 | 1,118 | 945 | 803 | 1,525 | 1,836 | 2,369 | 2,395 |
Total Debt
|
|||
| 826 | 877 | 712 | 1,096 | 892 | 791 | 1,488 | 1,752 | 2,314 | 2,214 |
Net Debt
|
|||
| (487) | (491) | 430 | 559 | (223) | 215 | 745 | 2,048 | 2,320 | 2,126 |
Sh' Equity
|
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| (50.91%) | (1.73%) | 13.45% | (4.54%) | (66.34%) | (0.70%) | 33.09% | 25.08% | 10.32% | 0.70% |
ROA
|
|||
| (42.31%) | 9.79% | 23.68% | 2.10% | (78.61%) | 4.84% | 23.88% | 18.46% | 11.30% | 3.54% |
ROIC
|
|||
| 85.69% | 1.88% | (471.30%) | (15.65%) | (549.48%) | 205.53% | 151.54% | 66.09% | 23.82% | 1.74% |
ROE
|
|||
Northern Oil and Gas, Inc. peers in Oil & Gas E&P
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|---|---|---|---|
| BKV BKV Corporation | $2.5B | 7.9× | Compare |
| TALO Talos Energy Inc. | $2.8B | 0.0× | Compare |
| GPOR Gulfport Energy Corporation | $2.9B | 6.1× | Compare |
| BSM Black Stone Minerals, L.P. | $3.1B | 11.9× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| KRP Kimbell Royalty | $1.9B | 17.3× | Compare |
| VET Vermilion Energy Inc. | $1.8B | 0.0× | Compare |
| MNR Mach Natural Resources LP | $1.8B | 17.3× | Compare |
| KOS Kosmos Energy Ltd. | $1.7B | 0.0× | Compare |
Northern Oil and Gas, Inc. (NOG) key facts
- Northern Oil and Gas, Inc. (NOG) is an Oil & Gas E&P company in the Energy sector, listed on the New York Stock Exchange.
- Northern Oil and Gas, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, up 11.2% from fiscal 2024.
- As of September 25, 2026, NOG traded at $23.29, a market capitalization of $2.5 billion.
- Northern Oil and Gas, Inc. pays an annual dividend of $1.52 per share, a yield of 4.49%, with a payout ratio of 8.65%.
- Return on equity was 1.74% and debt-to-equity 1.37.
Northern Oil and Gas, Inc. (NOG) Latest News
4 Sep
Northern Oil and Gas, Inc. issues an update on its ongoing consent solicitation and tender offer. Consent solicitation and tender offer updates can alter capital structure and near-term financing costs.
27 Aug
NOG stock has gained 89% but remains reasonably valued according to current performance metrics and market positioning. Stock valuation commentary after large price rise can moderately affect near-term investor sentiment toward NOG.
26 Aug
Northern Oil and Gas issued $500 million in notes. The financing prompts reassessment of whether the stock's bull case remains undervalued. The notes issuance shifts NOG's debt load and capital allocation options.
19 Aug
NOG priced a $500 million private offering of senior notes. The $500 million senior notes issuance supplies fresh capital that may support operations or acquisitions without fundamentally shifting company trajectory.
Northern Oil and Gas faces commodity and leverage risks despite low valuation, questioning its buy status. Commodity and leverage risks combined with valuation analysis can moderately influence NOG investor sentiment and stock trajectory.
Northern Oil and Gas, Inc. proposes a $500 million private offering of senior notes. The $500 million senior notes offering will alter Northern Oil and Gas capital structure and provide substantial liquidity.
18 Aug
Northern Oil and Gas updates transaction details and supplements its tender offer memorandum. Tender offer updates can shift capital structure and near-term shareholder positions.
15 Aug
Northern Oil and Gas addressed top analyst questions in its Q2 earnings call on financial results, operations, and strategy. Earnings call questions can reveal analyst concerns that moderately shape near-term investor sentiment and operational focus.
13 Aug
Northern Oil and Gas (NOG) held its Q2 2026 earnings call covering financial results, production metrics, and forward guidance. Q2 2026 earnings figures and guidance directly shift revenue outlook and investor positioning for NOG.
11 Aug
Northern Oil and Gas reported positive Q2 results driven by diversified asset strategy and shareholder returns. Q2 results reflect diversified assets and returns focus that moderately influence financial performance and investor views.
8 Aug
Northern Oil and Gas earnings lifted investor sentiment and prompted questions on whether the stock trades as a bargain at current prices. Recent earnings directly affect near-term financial perception and stock valuation for Northern Oil and Gas.
Northern Oil and Gas reported Q2 production volumes, revenue, and operational metrics during its earnings call. Quarterly earnings updates provide financial details that moderately influence near-term stock performance.
Northern Oil and Gas beat Q2 estimates driven by record gas production. Earnings beat with record production points to stronger financial results and operational gains.
7 Aug
Northern Oil & Gas Inc (NOG) reported record volumes in its Q2 2026 earnings call. Record volumes signal strong production growth that can significantly lift revenues and market position.
Northern Oil and Gas, Inc. held its Q2 2026 earnings call, detailing financial results, operational updates, and forward guidance for the company. Q2 earnings call details directly shape near-term valuation and investor positioning for NOG.
6 Aug
Northern Oil and Gas reported Q2 earnings with analysis of key financial metrics. Q2 earnings and metrics analysis can shift investor views on near-term results.
Northern Oil and Gas (NOG) Q2 earnings and revenues surpassed estimates. Q2 earnings beat lifts near-term sentiment for NOG but leaves core trajectory unchanged.
Northern Oil and Gas’s Q2 CY2026 sales exceeded analyst estimates. Quarterly sales beat provides moderate positive signal for near-term performance and sentiment.
Northern Oil and Gas, Inc. announced its second quarter 2026 financial results. Quarterly results deliver performance data that can shift market views on company value.
16 Jul
Northern Oil and Gas reported Q1 earnings, positioned against other U.S. shale E&P stocks. Q1 earnings results shape NOG performance perception versus shale peers.
13 Jul
Northern Oil and Gas, Inc. issued a second quarter operational update covering production activity and development progress. Quarterly operational updates supply production metrics that can shift near-term financial expectations and investor views.
10 Jul
Northern Oil and Gas completed a Duvernay deal that positions the company as potentially 48% undervalued based on updated valuation metrics. Duvernay deal marks major strategic expansion with potential to significantly boost reserves and production outlook.
10 Jun
Northern Oil and Gas and HighPeak Energy shares surge higher. Share price gains signal improved near-term market sentiment for Northern Oil and Gas but lack details on operational or strategic changes.
31 May
Northern Oil and Gas raised its 2026 output outlook after posting strong Q1 results and completing new acquisitions. Raised 2026 production guidance plus new acquisitions indicate major expansion in output and asset base.
28 May
NOG acquires Duvernay assets from Parallax, entering the Canadian market. Duvernay acquisition represents major strategic expansion into Canada with potential to alter NOG growth trajectory.
27 May
NOG acquires 25% Duvernay light oil stake for $253 million. Major acquisition expands NOG light oil asset base and production potential.
26 May
Northern Oil and Gas, Inc. (NOG) acquires 25% stake in Alberta Assets. Acquisition expands NOG resource base and operational footprint in a key region.
Northern Oil and Gas acquires 25% undivided stake in Canadian Duvernay light oil assets, marking entry into Canada via long-term joint development agreement. Acquisition expands NOG into Canadian light oil assets with joint development upside.
18 May
Northern Oil and Gas (NOG) is singled out as a Russell 2000 stock worth investigating for its operational strength and energy-sector positioning, while two other unnamed companies in the index are questioned over weaker fundamentals and limited upside. Positive mention as a stock worth investigating can lift near-term investor attention and trading volume for NOG but stops short of major strategic or financial changes.
16 May
Northern Oil and Gas sustains its dividend payments despite margin pressures, pointing to company resilience and implications for shareholder returns amid ongoing operational challenges. Dividend continuity amid margin pressure signals moderate effects on financial stability and near-term investor sentiment without major trajectory shifts.