(NOG) Northern Oil & Gas - Overview

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US6655313079

Stock: Crude Oil, Natural Gas

Total Rating 17

Risk 31

Buy Signal -0.14

Oil & Gas E&P +13.7
Oil & Gas Exploration & Production +12.9

Market Cap: 2,863m
Avg Trading Vol: 73.5M USD

ATR: 4.04%
Peers RS (IBD): 30.3

Risk 5d forecast
Volatility	42.5%
Relative Tail Risk	0.19%

Reward TTM
Sharpe Ratio	0.18
Alpha	-24.59

Character TTM
Beta	1.483
Beta Downside	2.076

Drawdowns 3y
Max DD	51.36%
CAGR/Max DD	0.12

EPS (Earnings per Share)

EPS CAGR: -15.77%
EPS Trend: -80.0%

Last SUE: -0.88
Qual. Beats: 0

Revenue

Rev. CAGR: -0.33%
Rev. Trend: 28.7%

Last SUE: -4.00
Qual. Beats: 0

Description: NOG Northern Oil & Gas March 05, 2026

Northern Oil and Gas, Inc. (NOG) is a U.S.-based independent energy company. It focuses on acquiring, exploring, developing, and producing crude oil and natural gas properties.

Founded in 2006 and headquartered in Minnetonka, Minnesota, NOG operates within the Oil & Gas Exploration & Production sub-industry. This business model typically involves significant capital expenditure and exposure to commodity price fluctuations. For more detailed financial analysis, consider exploring ValueRay.

Headlines to watch out for

Oil and natural gas price volatility impacts revenue
Acquisition strategy drives production growth
Operating costs influence profitability
Regulatory changes affect drilling permits

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income: 38.8m TTM > 0 and > 6% of Revenue
FCF/TA: -0.05 > 0.02 and ΔFCF/TA 0.12 > 1.0
NWC/Revenue: 2.23% < 20% (prev -2.01%; Δ 4.24% < -1%)
CFO/TA 0.28 > 3% & CFO 1.51b > Net Income 38.8m
Net Debt (2.38b) to EBITDA (1.05b): 2.27 < 3
Current Ratio: 1.09 > 1.5 & < 3
Outstanding Shares: last quarter (99.3m) vs 12m ago -1.93% < -2%
Gross Margin: 32.23% > 18% (prev 0.39%; Δ 3.18k% > 0.5%)
Asset Turnover: 38.05% > 50% (prev 38.61%; Δ -0.57% > 0%)
Interest Coverage Ratio: 1.36 > 6 (EBITDA TTM 1.05b / Interest Expense TTM 172.4m)

Altman Z'' 0.79

A: 0.01 (Total Current Assets 586.0m - Total Current Liabilities 539.3m) / Total Assets 5.41b
B: 0.09 (Retained Earnings 481.3m / Total Assets 5.41b)
C: 0.04 (EBIT TTM 235.1m / Avg Total Assets 5.51b)
D: 0.15 (Book Value of Equity 481.8m / Total Liabilities 3.28b)
Altman-Z'' Score: 0.79 = B

Beneish M 1.00

DSRI: 0.84 (Receivables 349.9m/427.7m, Revenue 2.10b/2.16b)
GMI: 1.20 (GM 32.23% / 38.64%)
AQI: 238.8 (AQ_t 0.89 / AQ_t-1 0.00)
SGI: 0.97 (Revenue 2.10b / 2.16b)
TATA: -0.27 (NI 38.8m - CFO 1.51b) / TA 5.41b)
Beneish M-Score: 137.7 (Cap -4..+1) = D

What is the price of NOG shares?

As of March 21, 2026, the stock is trading at USD 28.43 with a total of 4,691,420 shares traded.
Over the past week, the price has changed by +2.97%, over one month by +2.05%, over three months by +34.76% and over the past year by -0.98%.

Is NOG a buy, sell or hold?

Northern Oil & Gas has received a consensus analysts rating of 3.90. Therefore, it is recommended to buy NOG.

StrongBuy: 4
Buy: 1
Hold: 5
Sell: 0
StrongSell: 0

What are the forecasts/targets for the NOG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	31.7	11.4%
Analysts Target Price	31.7	11.4%

NOG Fundamental Data Overview March 18, 2026

P/E Trailing = 70.2564
P/E Forward = 11.919
P/S = 1.4581
P/B = 1.3466
P/EG = 0.6497
Revenue TTM = 2.10b USD
EBIT TTM = 235.1m USD
EBITDA TTM = 1.05b USD
Long Term Debt = 2.40b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.40b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.38b USD (from netDebt column, last quarter)
Enterprise Value = 5.24b USD (2.86b + Debt 2.40b - CCE 14.3m)
Interest Coverage Ratio = 1.36 (Ebit TTM 235.1m / Interest Expense TTM 172.4m)
EV/FCF = -17.99x (Enterprise Value 5.24b / FCF TTM -291.5m)
FCF Yield = -5.56% (FCF TTM -291.5m / Enterprise Value 5.24b)
FCF Margin = -13.91% (FCF TTM -291.5m / Revenue TTM 2.10b)
Net Margin = 1.85% (Net Income TTM 38.8m / Revenue TTM 2.10b)
Gross Margin = 32.23% ((Revenue TTM 2.10b - Cost of Revenue TTM 1.42b) / Revenue TTM)
Gross Margin QoQ = 21.28% (prev 28.71%)
Tobins Q-Ratio = 0.97 (Enterprise Value 5.24b / Total Assets 5.41b)
Interest Expense / Debt = 1.72% (Interest Expense 41.1m / Debt 2.40b)
Taxrate = 38.19% (23.9m / 62.7m)
NOPAT = 145.3m (EBIT 235.1m * (1 - 38.19%))
Current Ratio = 1.09 (Total Current Assets 586.0m / Total Current Liabilities 539.3m)
Debt / Equity = 1.13 (Debt 2.40b / totalStockholderEquity, last quarter 2.13b)
Debt / EBITDA = 2.27 (Net Debt 2.38b / EBITDA 1.05b)
Debt / FCF = -8.17 (negative FCF - burning cash) (Net Debt 2.38b / FCF TTM -291.5m)
Total Stockholder Equity = 2.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.70% (Net Income 38.8m / Total Assets 5.41b)
RoE = 1.69% (Net Income TTM 38.8m / Total Stockholder Equity 2.30b)
RoCE = 5.01% (EBIT 235.1m / Capital Employed (Equity 2.30b + L.T.Debt 2.40b))
RoIC = 3.12% (NOPAT 145.3m / Invested Capital 4.65b)
WACC = 6.68% (E(2.86b)/V(5.26b) * Re(11.38%) + D(2.40b)/V(5.26b) * Rd(1.72%) * (1-Tc(0.38)))
Discount Rate = 11.38% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.25%
[DCF] Fair Price = unknown (Cash Flow -291.5m)
EPS Correlation: -80.04 | EPS CAGR: -15.77% | SUE: -0.88 | # QB: 0
Revenue Correlation: 28.74 | Revenue CAGR: -0.33% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.69 | Chg7d=+0.031 | Chg30d=+0.143 | Revisions Net=+0 | Analysts=6
EPS current Year (2026-12-31): EPS=3.08 | Chg7d=+0.070 | Chg30d=+0.565 | Revisions Net=-1 | Growth EPS=-32.5% | Growth Revenue=+2.7%
EPS next Year (2027-12-31): EPS=3.39 | Chg7d=+0.220 | Chg30d=+0.945 | Revisions Net=-1 | Growth EPS=+9.8% | Growth Revenue=+6.3%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 10.0% (Discount Rate 11.4% - Earnings Yield 1.4%)
[Growth] Growth Spread = -36.0% (Analyst -26.0% - Implied 10.0%)

Additional Sources for NOG Stock

Fund Manager Positions: Dataroma | Stockcircle