(NOG) Northern Oil & Gas - NYSE
Sector: Energy | Industry: Oil & Gas E&P | Exchange: NYSE (USA) | Market Cap: 2.115m USD | Total Return: -30.3% in 12m
Avg Turnover: 59.9M
EPS Trend: -95.8%
Qual. Beats: 0
Rev. Trend: 71.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality
Northern Oil and Gas, Inc. (NOG) is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company was founded in 2006, is headquartered in Minnetonka, Minnesota, and trades on the NYSE as a mid-cap common stock with an April 2007 IPO date.
As an independent exploration and production (E&P) company, Northern Oil and Gas operates exclusively in the upstream segment of the energy value chain, focusing on finding and developing hydrocarbon reserves rather than transportation, refining, or marketing. Independent E&Ps are distinguished from integrated oil majors by their narrower, upstream-only focus, and companies in this sub-industry typically generate revenue tied directly to realized commodity prices for crude oil and natural gas.
- WTI crude prices swing realized oil revenue
- Non-op Williston Basin acquisitions expand production volumes
- Variable dividend scales with commodity prices
| Net Income: -623.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.14 > 0.02 and ΔFCF/TA -10.93 > 1.0 |
| NWC/Revenue: -20.71% < 20% (prev -1.93%; Δ -18.78% < -1%) |
| CFO/TA 0.26 > 3% & CFO 1.42b > Net Income -623.1m |
| Net Debt (2.51b) to EBITDA (158.4m): 15.88 < 3 |
| Current Ratio: 0.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (98.5m) vs 12m ago -1.49% < -2% |
| Gross Margin: 30.58% > 18% (prev 38.76%; Δ -8.18% > 0.5%) |
| Asset Turnover: 36.80% > 50% (prev 38.93%; Δ -2.13% > 0%) |
| Interest Coverage Ratio: -3.79 > 6 (EBIT TTM -647.9m / Interest Expense TTM 171.1m) |
| A: -0.08 (Total Current Assets 472.9m - Total Current Liabilities 899.4m) / Total Assets 5.51b |
| B: -0.01 (Retained Earnings -41.6m / Total Assets 5.51b) |
| C: -0.12 (EBIT TTM -647.9m / Avg Total Assets 5.59b) |
| D: 0.48 (Book Value of Equity 1.78b / Total Liabilities 3.73b) |
| Altman-Z'' = -0.81 = CCC |
| DSRI: 1.05 (Receivables 409.2m/419.5m, Revenue 2.06b/2.21b) |
| GMI: 1.27 (GM 38.76% / 30.58%) |
| AQI: 336.5 (AQ_t 0.91 / AQ_t-1 0.00) |
| SGI: 0.93 (Revenue 2.06b / 2.21b) |
| TATA: -0.37 (NI -623.1m - CFO 1.42b) / TA 5.51b) |
| Beneish M = 196.1 (Cap -4..+1) = D |
As of June 29, 2026, the stock is trading at USD 19.17 with a total of 4,107,291 shares traded. Over the past week, the price has changed by -1.39%, over one month by -14.19%, over three months by -36.03% and over the past year by -30.26%.
Current recommended Stop Loss: 17.90 (which is 6.6% or 1.6 ATR below the current price).
Northern Oil & Gas has received a consensus analysts rating of 3.78. Therefore, it is recommended to hold NOG.
- StrongBuy: 4
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 33.7 | 75.6% |
P/E Forward = 4.6062
P/S = 1.0985
P/B = 1.1851
P/EG = 0.5583
Revenue TTM = 2.06b USD
EBIT TTM = -647.9m USD
EBITDA TTM = 158.4m USD
Long Term Debt = 2.55b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.51b USD (calculated: Debt 2.55b - CCE 37.0m)
Enterprise Value = 4.63b USD (2.11b + Debt 2.55b - CCE 37.0m)
Interest Coverage Ratio = -3.79 (Ebit TTM -647.9m / Interest Expense TTM 171.1m)
EV/FCF = -6.18x (Enterprise Value 4.63b / FCF TTM -749.4m)
FCF Yield = -16.19% (FCF TTM -749.4m / Enterprise Value 4.63b)
FCF Margin = -36.40% (FCF TTM -749.4m / Revenue TTM 2.06b)
Net Margin = -30.26% (Net Income TTM -623.1m / Revenue TTM 2.06b)
Gross Margin = 30.58% ((Revenue TTM 2.06b - Cost of Revenue TTM 1.43b) / Revenue TTM)
Gross Margin QoQ = 32.88% (prev 21.28%)
Tobins Q-Ratio = 0.84 (Enterprise Value 4.63b / Total Assets 5.51b)
Interest Expense / Debt = 6.71% (Interest Expense 171.1m / Debt 2.55b)
Taxrate = 38.19% (23.9m / 62.7m)
NOPAT = -400.5m (EBIT -647.9m * (1 - 38.19%)) [loss with tax shield]
Current Ratio = 0.53 (Total Current Assets 472.9m / Total Current Liabilities 899.4m)
Debt / Equity = 1.43 (Debt 2.55b / totalStockholderEquity, last quarter 1.78b)
Debt / EBITDA = 15.88 (Net Debt 2.51b / EBITDA 158.4m)
Debt / FCF = -3.36 (negative FCF - burning cash) (Net Debt 2.51b / FCF TTM -749.4m)
Total Stockholder Equity = 2.14b (last 4 quarters mean from totalStockholderEquity)
RoA = -11.14% (Net Income -623.1m / Total Assets 5.51b)
RoE = -29.09% (Net Income TTM -623.1m / Total Stockholder Equity 2.14b)
RoCE = -13.80% (EBIT -647.9m / Capital Employed (Equity 2.14b + L.T.Debt 2.55b))
RoIC = -8.75% (negative operating profit) (NOPAT -400.5m / Invested Capital 4.58b)
WACC = 6.92% (E(2.11b)/V(4.67b) * Re(10.27%) + D(2.55b)/V(4.67b) * Rd(6.71%) * (1-Tc(0.38)))
Discount Rate = 10.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -0.59%
[DCF] Fair Price = unknown (Cash Flow -749.4m)
EPS Correlation: -95.83 | EPS CAGR: -15.35% | SUE: 0.38 | # QB: 0
Revenue Correlation: 71.63 | Revenue CAGR: 6.04% | SUE: 0.38 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.99 | Chg30d=+18.52% | Revisions=+11% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.01 | Chg30d=+16.82% | Revisions=+11% | Analysts=7
EPS current Year (2026-12-31): EPS=3.85 | Chg30d=+13.90% | Revisions=+0% | GrowthEPS=-15.9% | GrowthRev=-21.6%
EPS next Year (2027-12-31): EPS=4.17 | Chg30d=+6.81% | Revisions=+20% | GrowthEPS=+8.5% | GrowthRev=+21.4%
[Analyst] Revisions Ratio: +20%