Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
22.14
-0.13 (-0.58%)
At close: Nov 5, 2026, 4:00 PM EST
22.62
+0.48 (2.17%)
Pre-market: Nov 6, 2026, 4:08 AM EST

Northern Oil and Gas Statistics

Total Valuation

NOG has a market cap or net worth of $2.35 billion. The enterprise value is $4.94 billion.

Market Cap2.35B
Enterprise Value 4.94B

Important Dates

The last earnings date was Thursday, November 5, 2026, after market close.

Earnings Date Nov 5, 2026
Ex-Dividend Date Dec 30, 2026

Share Statistics

NOG has 106.09 million shares outstanding. The number of shares has increased by 2.15% in one year.

Current Share Class 106.09M
Shares Outstanding 106.09M
Shares Change (YoY) +2.15%
Shares Change (QoQ) -1.99%
Owned by Insiders (%) 2.86%
Owned by Institutions (%) 104.16%
Float 103.02M

Valuation Ratios

PE Ratio n/a
Forward PE 4.28
PS Ratio 1.97
Forward PS 0.94
PB Ratio 1.29
P/TBV Ratio 1.29
P/FCF Ratio n/a
P/OCF Ratio 1.70
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 4.13
EV / EBITDA 8.59
EV / EBIT 37.55
EV / FCF n/a

Financial Position

The company has a current ratio of 0.59, with a Debt / Equity ratio of 1.43.

Current Ratio 0.59
Quick Ratio 0.54
Debt / Equity 1.43
Debt / EBITDA 4.55
Debt / FCF n/a
Interest Coverage 0.77

Financial Efficiency

Return on equity (ROE) is -23.05% and return on invested capital (ROIC) is 2.90%.

Return on Equity (ROE) -23.05%
Return on Assets (ROA) 1.45%
Return on Invested Capital (ROIC) 2.90%
Return on Capital Employed (ROCE) 2.63%
Weighted Average Cost of Capital (WACC) 7.12%
Revenue Per Employee $18.66M
Profits Per Employee -$7.32M
Employee Count64
Asset Turnover 0.21
Inventory Turnover n/a

Taxes

Income Tax -128.08M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +4.43% in the last 52 weeks. The beta is 0.92, so NOG's price volatility has been similar to the market average.

Beta (5Y) 0.92
52-Week Price Change +4.43%
50-Day Moving Average 25.52
200-Day Moving Average 24.58
Relative Strength Index (RSI) 30.37
Average Volume (20 Days) 1,981,029

Short Selling Information

The latest short interest is 20.37 million, so 19.20% of the outstanding shares have been sold short.

Short Interest 20.37M
Short Previous Month 21.88M
Short % of Shares Out 19.20%
Short % of Float 19.78%
Short Ratio (days to cover) 9.58

Income Statement

In the last 12 months, NOG had revenue of $1.19 billion and -$468.76 million in losses. Loss per share was -$4.60.

Revenue1.19B
Gross Profit 642.17M
Operating Income 131.53M
Pretax Income -596.84M
Net Income -468.76M
EBITDA 574.99M
EBIT 131.53M
Loss Per Share -$4.60
Full Income Statement

Balance Sheet

The company has $26.42 million in cash and $2.62 billion in debt, with a net cash position of -$2.59 billion or -$24.41 per share.

Cash & Cash Equivalents 26.42M
Total Debt 2.62B
Net Cash -2.59B
Net Cash Per Share -$24.41
Equity (Book Value) 1.82B
Book Value Per Share 17.22
Working Capital -355.66M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.38 billion and capital expenditures -$1.68 billion, giving a free cash flow of -$294.16 million.

Operating Cash Flow 1.38B
Capital Expenditures -1.68B
Depreciation & Amortization 443.46M
Net Borrowing 354.62M
Free Cash Flow -294.16M
FCF Per Share -$2.77
Full Cash Flow Statement

Margins

Gross margin is 53.77%, with operating and profit margins of 11.01% and -39.25%.

Gross Margin 53.77%
Operating Margin 11.01%
Pretax Margin -49.97%
Profit Margin -39.25%
EBITDA Margin 48.14%
EBIT Margin 11.01%
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 8.13%.

Dividend Per Share $1.80
Dividend Yield 8.13%
Dividend Growth (YoY) n/a
Years of Dividend Growth 4
Payout Ratio n/a
FCF Payout Ratio n/a
Buyback Yield -2.15%
Shareholder Yield 5.98%
Earnings Yield -20.79%
FCF Yield -12.52%
Dividend Details

Analyst Forecast

The average price target for NOG is $30.56, which is 38.03% higher than the current price. The consensus rating is "Hold".

Price Target $30.56
Price Target Difference 38.03%
Analyst Consensus Hold
Analyst Count 10
Revenue Growth Forecast (3Y) 7.12%
EPS Growth Forecast (3Y) -2.95%
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

Altman Z-Score n/a
Piotroski F-Score 3