Northern Oil And Gas (NOG)
NYSE:NOG
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NOG Stock Chart & Stats
$24.55
$0.17(0.43%)
At close: 4:00 PM EST
$24.55
$0.17(0.43%)
Day’s Range― - ―
52-Week Range$19.64 - $32.27
Previous CloseN/A
Volume217.02K
Average Volume (3M)2.60M
Market Cap
$2.20B
Enterprise Value$4.82B
Total Cash (Recent Filing)$37.04M
Total Debt (Recent Filing)$2.55B
Price to Earnings (P/E)―
Beta0.77
Next Earnings
Jul 30, 2026EPS Estimate
1.01Next Dividend Ex-DateN/A
Dividend Yield8.18%
Share Statistics
EPS (TTM)-6.32
Shares Outstanding105,791,120
10 Day Avg. Volume2,457,808
30 Day Avg. Volume2,604,354
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)0.99
Price to Sales (P/S)1.00
P/FCF Ratio8.30
Enterprise Value/Market Cap2.19
Enterprise Value/Revenue2.34
Enterprise Value/Gross Profit7.65
Enterprise Value/Ebitda30.42
Forecast
1Y Price Target
$32.75Price Target Upside33.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)3.97
Revenue Forecast (FY)$1.70B
Bulls Say, Bears Say
Bulls Say
Cash GenerationNOG’s TTM operating cash flow (~$1.42B) and ~47% EBITDA margin show durable cash generation from producing non‑operated interests. Persistent cash earnings underpin reinvestment, hedging, debt service and selective M&A, helping sustain operations through commodity cycles.
Inventory & Basin DiversificationRecord production and active leasing (41 deals, >5,100 net acres) across Permian, Appalachia, Williston and Uinta create multi‑year drilling inventory. Balanced basin exposure and steady well inventory lower single‑basin risk and support stable medium‑term production growth.
Improved Liquidity & Capital FlexibilityAvailable liquidity (> $1.2B plus $175M untapped) and a ~$230M equity raise (plus a completed offering to repay the revolver) materially strengthen financial flexibility. This buffer supports capex, hedging and selective M&A without immediate reliance on volatile cash flows.
Bears Say
Profitability WeaknessA sizable TTM net loss (~$623M) and negative free cash flow (-$115M) reflect earnings volatility and weaker cash conversion. Continued losses erode equity cushions, raise impairment risk under full‑cost accounting, and constrain capacity for dividends or growth without external financing.
Rising LeverageDebt-to-equity rising to ~1.43 from ~1.13 signals growing leverage. Higher debt levels reduce financial flexibility, increase interest and covenant exposure, and limit the company’s ability to absorb commodity downturns or aggressively pursue M&A without raising additional capital.
Weak Gas RealizationsNatural gas realizations at ~72% of benchmark and Permian takeaway constraints produce sustained revenue pressure on gas volumes. Until infrastructure or takeaway improves, lower realizations will structurally depress margins and cash generation from gas-weighted assets, limiting upside.
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 $19.64 and its highest was $32.27 in the past 12 months.
What is Northern Oil And Gas’s market cap?
Northern Oil And Gas’s market cap is $2.20B.
When is Northern Oil And Gas’s upcoming earnings report date?
Northern Oil And Gas’s upcoming earnings report date is Jul 30, 2026 which is in 44 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 $0.682 by $0.058.
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 8.18%. 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 1.01.
How many shares outstanding does Northern Oil And Gas have?
Northern Oil And Gas has 105,791,120 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 $0.682. Following the earnings report the stock price went up 1.415%.
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
Underperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$32.75 (33.40% Upside)
$32.75 (33.40% Upside)
Blogger Sentiment
Bullish
NOG Sentiment 70%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Decreased
By 190.0K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 4.0%
Last 30 Days ▼ 4.0%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-28.61%
12-Months-Change
Fundamentals
Return on Equity
-29.09%
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
$32.75
▲(33.40% Upside)
Technical Analysis
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Ownership Overview
2.81% Insiders
33.74% Mutual Funds
16.26% Other Institutional Investors
12.06% Public Companies and
Individual Investors