Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
26.60
+0.24 (0.91%)
Sep 2, 2026, 4:00 PM EDT - Market closed

Northern Oil and Gas Statistics

Total Valuation

NOG has a market cap or net worth of $2.82 billion. The enterprise value is $5.50 billion.

Market Cap2.82B
Enterprise Value 5.50B

Important Dates

The last earnings date was Thursday, August 6, 2026, after market close.

Earnings Date Aug 6, 2026
Ex-Dividend Date Sep 29, 2026

Share Statistics

NOG has 106.09 million shares outstanding. The number of shares has decreased by -0.55% in one year.

Current Share Class 106.09M
Shares Outstanding 106.09M
Shares Change (YoY) -0.55%
Shares Change (QoQ) +9.73%
Owned by Insiders (%) 2.85%
Owned by Institutions (%) 104.13%
Float 103.04M

Valuation Ratios

PE Ratio n/a
Forward PE 6.14
PS Ratio 1.40
Forward PS 1.22
PB Ratio 1.41
P/TBV Ratio 1.41
P/FCF Ratio n/a
P/OCF Ratio 2.04
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 2.73
EV / EBITDA 4.58
EV / EBIT 12.97
EV / FCF n/a

Financial Position

The company has a current ratio of 0.80, with a Debt / Equity ratio of 1.37.

Current Ratio 0.80
Quick Ratio 0.70
Debt / Equity 1.37
Debt / EBITDA 2.27
Debt / FCF n/a
Interest Coverage 2.55

Financial Efficiency

Return on equity (ROE) is -22.05% and return on invested capital (ROIC) is 9.45%.

Return on Equity (ROE) -22.05%
Return on Assets (ROA) 4.60%
Return on Invested Capital (ROIC) 9.45%
Return on Capital Employed (ROCE) 8.16%
Weighted Average Cost of Capital (WACC) 6.56%
Revenue Per Employee $31.44M
Profits Per Employee -$7.59M
Employee Count64
Asset Turnover 0.35
Inventory Turnover n/a

Taxes

Income Tax -154.16M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +1.68% in the last 52 weeks. The beta is 0.73, so NOG's price volatility has been lower than the market average.

Beta (5Y) 0.73
52-Week Price Change +1.68%
50-Day Moving Average 22.02
200-Day Moving Average 23.87
Relative Strength Index (RSI) 67.17
Average Volume (20 Days) 2,348,530

Short Selling Information

The latest short interest is 20.38 million, so 19.21% of the outstanding shares have been sold short.

Short Interest 20.38M
Short Previous Month 19.35M
Short % of Shares Out 19.21%
Short % of Float 19.78%
Short Ratio (days to cover) 7.84

Income Statement

In the last 12 months, NOG had revenue of $2.01 billion and -$486.03 million in losses. Loss per share was -$4.88.

Revenue2.01B
Gross Profit 1.52B
Operating Income 424.10M
Pretax Income -640.18M
Net Income -486.03M
EBITDA 1.20B
EBIT 424.10M
Loss Per Share -$4.88
Full Income Statement

Balance Sheet

The company has $47.60 million in cash and $2.72 billion in debt, with a net cash position of -$2.68 billion or -$25.24 per share.

Cash & Cash Equivalents 47.60M
Total Debt 2.72B
Net Cash -2.68B
Net Cash Per Share -$25.24
Equity (Book Value) 2.00B
Book Value Per Share 18.81
Working Capital -128.39M
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 777.11M
Net Borrowing 354.62M
Free Cash Flow -294.16M
FCF Per Share -$2.77
Full Cash Flow Statement

Margins

Gross margin is 75.40%, with operating and profit margins of 21.08% and -24.15%.

Gross Margin 75.40%
Operating Margin 21.08%
Pretax Margin -31.82%
Profit Margin -24.15%
EBITDA Margin 59.70%
EBIT Margin 21.08%
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 6.77%.

Dividend Per Share $1.80
Dividend Yield 6.77%
Dividend Growth (YoY) 1.69%
Years of Dividend Growth 4
Payout Ratio n/a
Buyback Yield 0.55%
Shareholder Yield 7.31%
Earnings Yield -17.22%
FCF Yield -10.42%
Dividend Details

Analyst Forecast

The average price target for NOG is $29.78, which is 11.96% higher than the current price. The consensus rating is "Buy".

Price Target $29.78
Price Target Difference 11.96%
Analyst Consensus Buy
Analyst Count 9
Revenue Growth Forecast (3Y) 6.71%
EPS Growth Forecast (3Y) -3.79%
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 0.99 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.99
Piotroski F-Score 3