Want to see NOG full AI Analyst Report?
NOG Stock Chart & Stats
$21.18
-$0.70(-3.28%)
At close: 4:00 PM EDT
$21.18
-$0.70(-3.28%)
Day’s Range― - ―
52-Week Range$17.18 - $31.17
Previous CloseN/A
Volume965.50K
Average Volume (3M)3.50M
Market Cap
$2.16B
Enterprise Value$5.39K
Total Cash (Recent Filing)$37.04M
Total Debt (Recent Filing)$2.55B
Price to Earnings (P/E)―
Beta0.71
Next Earnings
Aug 06, 2026EPS Estimate
1.18Next Dividend Ex-DateN/A
Dividend Yield8.56%
Share Statistics
EPS (TTM)-6.32
Shares Outstanding108,784,160
10 Day Avg. Volume2,998,083
30 Day Avg. Volume3,502,432
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.99
Price to Sales (P/S)1.00
P/FCF Ratio8.30
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$30.17Price Target Upside42.43% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)3.75
Revenue Forecast (FY)$2.28B
Bulls Say, Bears Say
Bulls Say
Cash GenerationSustained operating cash flow (~$1.42B TTM) and a strong EBITDA margin (~47%) indicate durable internal cash generation that supports reinvestment, hedging, and shareholder returns. Over 2–6 months this underpins liquidity and funds non-operated growth without continual equity needs.
Production MomentumRecord quarterly production and sequential growth signal improving operational scale across basins. Higher, stable production increases revenue visibility, enhances cash flow durability, and supports reinvestment and optionality from a larger base of non-operated interests over the medium term.
Strategic Duvernay EntryThe Duvernay acquisition provides multi-decade, low-breakeven inventory and immediate light-oil volumes while remaining non-operated. It diversifies basin exposure, improves oil mix and operating cost metrics, and expands future drilling optionality without increasing core organic CapEx budget materially.
Bears Say
Reported ProfitabilityA large TTM net loss (-$623M) and negative free cash flow reduce reported profitability and retained earnings, weakening long-term return metrics. Persistent GAAP losses can constrain strategic flexibility, reduce retained capital for growth, and complicate covenant and investor confidence if sustained.
Rising LeverageLeverage rising to ~1.43 increases financial risk and reduces downside flexibility if commodity cash flows weaken. Higher debt servicing needs can limit ability to pursue accretive M&A or withstand prolonged weak realizations, making capital structure management a medium-term execution priority.
Gas Realizations & Takeaway RiskStructurally weak Permian gas realizations and takeaway constraints depress cash per Mcf and can persist until infrastructure projects complete. For a 50/50 oil/gas portfolio, prolonged weak gas pricing materially reduces revenue stability and long-term cash generation from key basins.
Northern Oil And Gas News
NOG FAQ
What was Northern Oil And Gas’s price range in the past 12 months?
Northern Oil And Gas lowest stock price was $17.18 and its highest was $31.17 in the past 12 months.
What is Northern Oil And Gas’s market cap?
Northern Oil And Gas’s market cap is $2.16B.
When is Northern Oil And Gas’s upcoming earnings report date?
Northern Oil And Gas’s upcoming earnings report date is Aug 06, 2026 which is in 7 days.
How were Northern Oil And Gas’s earnings last quarter?
Northern Oil And Gas released its earnings results on Apr 28, 2026. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.708 by $0.032.
Is Northern Oil And Gas overvalued?
According to Wall Street analysts Northern Oil And Gas’s price is currently Undervalued.
Does Northern Oil And Gas pay dividends?
Northern Oil And Gas pays a Quarterly dividend of $0.45 which represents an annual dividend yield of 8.56%. See more information on Northern Oil And Gas dividends here
What is Northern Oil And Gas’s EPS estimate?
Northern Oil And Gas’s EPS estimate is 1.18.
How many shares outstanding does Northern Oil And Gas have?
Northern Oil And Gas has 108,784,160 shares outstanding.
What happened to Northern Oil And Gas’s price movement after its last earnings report?
Northern Oil And Gas reported an EPS of $0.74 in its last earnings report, beating expectations of $0.708. Following the earnings report the stock price went up 1.412%.
Which hedge fund is a major shareholder of Northern Oil And Gas?
Currently, no hedge funds are holding shares in NOG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Northern Oil And Gas Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$30.17 (42.43% Upside)
$30.17 (42.43% Upside)
Blogger Sentiment
Bullish
NOG Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Decreased
By 190.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $499.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 2.8%
Last 30 Days ▲ 8.1%
Last 30 Days ▲ 8.1%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-20.51%
12-Months-Change
Fundamentals
Return on Equity
8.56%
Trailing 12-Months
Asset Growth
-2.82%
Trailing 12-Months
Company Description
Northern Oil And Gas
Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the entire lifecycle of crude oil and natural gas properties, from their acquisition and exploration to their development and eventual production. Its primary operations are concentrated in significant U.S. shale plays, namely the Williston, Appalachian, and Permian Basins. As of December 31, 2021, Northern Oil and Gas held active stakes in 7,436 total producing wells and reported proved reserves totaling 287,682 million barrels of oil equivalent (BOE). The company is headquartered in Minnetonka, Minnesota.
NOG Company Deck
NOG Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized operational momentum — record quarterly production (+6% sequential), a record ground game (41 deals, >5,100 acres), a strengthened balance sheet (>$1.2B liquidity, $230M equity raise), and an improved M&A/backlog pipeline (> $10B reviewed). These positive signals were offset by large noncash accounting hits (≈$521M MTM loss on derivatives and a $268M impairment), continued weak gas realizations (≈72% of benchmark) driven by Permian takeaway constraints, and guidance uncertainty due to geopolitical volatility. On balance, management portrayed durable financial insulation from hedges, ongoing organic growth initiatives, and selective M&A optionality, while acknowledging headline negatives that are largely noncash or expected to be transitory if strips hold.View all NOG earnings summariesNOG Stock 12 Month Forecast
Average Price Target
$30.17
▲(42.43% Upside)
Technical Analysis
Dorchester Minerals
―
Black Stone Minerals
―
Kimbell Royalty Partners
―
Gulfport Energy
―
Mach Natural Resources LP
―
Ownership Overview
2.78% Insiders
33.54% Mutual Funds
1.59% Other Institutional Investors
25.55% Public Companies and
Individual Investors