Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
21.51
+0.53 (2.53%)
At close: Jun 8, 2026, 4:00 PM EDT
21.49
-0.02 (-0.09%)
After-hours: Jun 8, 2026, 7:19 PM EDT

Northern Oil and Gas Statistics

Total Valuation

NOG has a market cap or net worth of $2.27 billion. The enterprise value is $4.78 billion.

Market Cap2.27B
Enterprise Value 4.78B

Important Dates

The last earnings date was Tuesday, April 28, 2026, after market close.

Earnings Date Apr 28, 2026
Ex-Dividend Date Jun 29, 2026

Share Statistics

NOG has 105.33 million shares outstanding. The number of shares has decreased by -3.13% in one year.

Current Share Class 105.33M
Shares Outstanding 105.33M
Shares Change (YoY) -3.13%
Shares Change (QoQ) +1.42%
Owned by Insiders (%) 2.89%
Owned by Institutions (%) 105.06%
Float 102.26M

Valuation Ratios

PE Ratio n/a
Forward PE 5.18
PS Ratio 1.18
Forward PS 0.97
PB Ratio 1.27
P/TBV Ratio 1.27
P/FCF Ratio n/a
P/OCF Ratio 1.59
PEG Ratio 5.18
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 2.48
EV / EBITDA 3.30
EV / EBIT 12.38
EV / FCF n/a

Financial Position

The company has a current ratio of 0.53, with a Debt / Equity ratio of 1.43.

Current Ratio 0.53
Quick Ratio 0.50
Debt / Equity 1.43
Debt / EBITDA 1.76
Debt / FCF n/a
Interest Coverage 2.26

Financial Efficiency

Return on equity (ROE) is -29.77% and return on invested capital (ROIC) is 8.77%.

Return on Equity (ROE) -29.77%
Return on Assets (ROA) 4.31%
Return on Invested Capital (ROIC) 8.77%
Return on Capital Employed (ROCE) 8.36%
Weighted Average Cost of Capital (WACC) 6.57%
Revenue Per Employee $30.08M
Profits Per Employee -$9.74M
Employee Count64
Asset Turnover 0.34
Inventory Turnover n/a

Taxes

Income Tax -195.93M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -25.18% in the last 52 weeks. The beta is 0.69, so NOG's price volatility has been lower than the market average.

Beta (5Y) 0.69
52-Week Price Change -25.18%
50-Day Moving Average 25.30
200-Day Moving Average 24.55
Relative Strength Index (RSI) 36.10
Average Volume (20 Days) 2,743,430

Short Selling Information

The latest short interest is 17.15 million, so 16.29% of the outstanding shares have been sold short.

Short Interest 17.15M
Short Previous Month 17.62M
Short % of Shares Out 16.29%
Short % of Float 16.78%
Short Ratio (days to cover) 6.43

Income Statement

In the last 12 months, NOG had revenue of $1.93 billion and -$623.07 million in losses. Loss per share was -$6.38.

Revenue1.93B
Gross Profit 1.44B
Operating Income 386.00M
Pretax Income -819.00M
Net Income -623.07M
EBITDA 1.45B
EBIT 386.00M
Loss Per Share -$6.38
Full Income Statement

Balance Sheet

The company has $37.04 million in cash and $2.55 billion in debt, with a net cash position of -$2.51 billion or -$23.87 per share.

Cash & Cash Equivalents 37.04M
Total Debt 2.55B
Net Cash -2.51B
Net Cash Per Share -$23.87
Equity (Book Value) 1.78B
Book Value Per Share 16.94
Working Capital -426.48M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.42 billion and capital expenditures -$1.62 billion, giving a free cash flow of -$201.11 million.

Operating Cash Flow 1.42B
Capital Expenditures -1.62B
Depreciation & Amortization 1.06B
Net Borrowing 243.81M
Free Cash Flow -201.11M
FCF Per Share -$1.91
Full Cash Flow Statement

Margins

Gross margin is 74.58%, with operating and profit margins of 20.05% and -32.36%.

Gross Margin 74.58%
Operating Margin 20.05%
Pretax Margin -42.54%
Profit Margin -32.36%
EBITDA Margin 75.16%
EBIT Margin 20.05%
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 8.37%.

Dividend Per Share $1.80
Dividend Yield 8.37%
Dividend Growth (YoY) 3.45%
Years of Dividend Growth 5
Payout Ratio n/a
Buyback Yield 3.13%
Shareholder Yield 11.50%
Earnings Yield -27.50%
FCF Yield -8.88%
Dividend Details

Analyst Forecast

The average price target for NOG is $34.44, which is 60.11% higher than the current price. The consensus rating is "Buy".

Price Target $34.44
Price Target Difference 60.11%
Analyst Consensus Buy
Analyst Count 9
Revenue Growth Forecast (3Y) 6.57%
EPS Growth Forecast (3Y) -5.41%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value n/a
Lynch Upside n/a
Graham Number n/a
Graham Upside n/a

Stock Splits

The last stock split was on September 21, 2020. It was a reverse split with a ratio of 1:10.

Last Split Date Sep 21, 2020
Split Type Reverse
Split Ratio 1:10

Scores

NOG has an Altman Z-Score of 0.88 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.88
Piotroski F-Score 3