Symbols / NOG
NOG Chart
About
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. Northern Oil and Gas, Inc. was founded in 2006 and is headquartered in Minnetonka, Minnesota.
Fundamentals
Scroll to Statements| Sector | Energy | Industry | Oil & Gas E&P | Market Cap | 2.79B |
| Enterprise Value | 5.13B | Income | 38.76M | Sales | 1.96B |
| Book/sh | 21.97 | Cash/sh | 0.15 | Dividend Yield | 6.34% |
| Payout | 4.62% | Employees | 64 | IPO | — |
| P/E | 73.28 | Forward P/E | 9.02 | PEG | — |
| P/S | 1.42 | P/B | 1.30 | P/C | — |
| EV/EBITDA | 2.85 | EV/Sales | 2.61 | Quick Ratio | 0.71 |
| Current Ratio | 1.09 | Debt/Eq | 112.65 | LT Debt/Eq | — |
| EPS (ttm) | 0.39 | EPS next Y | 3.17 | EPS Growth | — |
| Revenue Growth | -17.10% | Earnings | 2026-05-05 | ROA | 11.23% |
| ROE | 1.74% | ROIC | — | Gross Margin | 75.88% |
| Oper. Margin | 56.07% | Profit Margin | 1.97% | Shs Outstand | 97.29M |
| Shs Float | 93.85M | Short Float | 31.83% | Short Ratio | 9.33 |
| Short Interest | — | 52W High | 32.62 | 52W Low | 19.88 |
| Beta | 1.01 | Avg Volume | 2.24M | Volume | 715.71K |
| Target Price | $30.10 | Recom | Buy | Prev Close | $28.37 |
| Price | $28.58 | Change | 0.74% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$30.10
Mean price target
2. Current target
$28.58
Latest analyst target
3. DCF / Fair value
$1.11
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.58
Low
$24.00
High
$40.00
Mean
$30.10
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-03-05 | main | Piper Sandler | Neutral → Neutral | $27 |
| 2026-01-23 | main | Morgan Stanley | Underweight → Underweight | $24 |
| 2026-01-20 | main | RBC Capital | Sector Perform → Sector Perform | $30 |
| 2025-12-12 | main | Mizuho | Neutral → Neutral | $30 |
| 2025-10-20 | main | Citigroup | Buy → Buy | $28 |
| 2025-10-14 | main | Morgan Stanley | Underweight → Underweight | $26 |
| 2025-09-15 | main | Mizuho | Neutral → Neutral | $28 |
| 2025-08-25 | init | William Blair | — → Outperform | — |
| 2025-08-21 | main | Raymond James | Strong Buy → Strong Buy | $34 |
| 2025-08-18 | down | Morgan Stanley | Equal-Weight → Underweight | $27 |
| 2025-08-04 | main | Piper Sandler | Neutral → Neutral | $25 |
| 2025-07-17 | main | Piper Sandler | Neutral → Neutral | $31 |
| 2025-07-16 | main | Mizuho | Neutral → Neutral | $32 |
| 2025-07-14 | main | RBC Capital | Sector Perform → Sector Perform | $33 |
| 2025-07-09 | main | Citigroup | Buy → Buy | $38 |
| 2025-05-23 | main | B of A Securities | Buy → Buy | $33 |
| 2025-05-13 | main | Raymond James | Strong Buy → Strong Buy | $36 |
| 2025-05-13 | main | Piper Sandler | Neutral → Neutral | $30 |
| 2025-05-13 | main | Mizuho | Neutral → Neutral | $33 |
| 2025-04-29 | main | B of A Securities | Buy → Buy | $29 |
News
RSS: Latest NOG news- Northern Oil and Gas Inc (NYSE:NOG) Shows Strong Technical Setup for a Potential Breakout - ChartMill Mon, 09 Mar 2026 12
- What Northern Oil and Gas (NOG)'s Big Impairment, Dividend Hold And 2026 Plans Mean For Shareholders - simplywall.st Sat, 07 Mar 2026 10
- Northern Oil and Gas, Inc. (NYSE:NOG) Given Average Rating of "Hold" by Brokerages - MarketBeat Sun, 08 Mar 2026 08
- Northern Oil & Gas (NOG) Receives Neutral Rating with Increased Price Target | NOG Stock News - GuruFocus hu, 05 Mar 2026 18
- Northern Oil and Gas: The Best Money Could Buy Right Now (NYSE:NOG) - Seeking Alpha ue, 03 Mar 2026 10
- Assessing Northern Oil And Gas (NOG) Valuation As Short Term Share Price Momentum Returns - Yahoo Finance ue, 24 Feb 2026 08
- Stocks With Rising Relative Strength: Northern Oil & Gas - Investor's Business Daily Mon, 09 Mar 2026 08
- Northern Oil and Gas (NYSE:NOG) Stock Price Up 3.1% - Should You Buy? - MarketBeat ue, 03 Mar 2026 18
- Northern Oil and Gas (NOG): Among the Energy Stocks that Fell This Week - Yahoo Finance Sun, 05 Oct 2025 07
- Neo Ivy Capital Management Invests $895,000 in Northern Oil and Gas, Inc. $NOG - MarketBeat Sun, 08 Mar 2026 11
- Analyst Reduces Northern Oil and Gas (NOG) Price Target to $24 - Yahoo Finance hu, 19 Feb 2026 08
- A Look At Northern Oil And Gas (NOG) Valuation After Q4 Loss And Large Impairment Charge - simplywall.st hu, 05 Mar 2026 04
- Northern Oil and Gas, Inc.'s (NYSE:NOG) Stock Is Going Strong: Is the Market Following Fundamentals? - Yahoo Finance Fri, 04 Jul 2025 07
- Northern Oil and Gas (NYSE:NOG) Price Target Raised to $27.00 - MarketBeat hu, 05 Mar 2026 17
- Is It Time To Reconsider Northern Oil and Gas (NOG) After Recent Share Price Weakness? - simplywall.st ue, 24 Feb 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 5073 | — | — | Stock Award(Grant) at price 0.00 per share. | EVANS JAMES B | Chief Technology Officer | — | 2026-02-09 00:00:00 | D |
| 1 | 5952 | — | — | Stock Award(Grant) at price 0.00 per share. | ROMSLO ERIK J | Officer | — | 2026-02-09 00:00:00 | D |
| 2 | 6179 | — | — | Stock Award(Grant) at price 0.00 per share. | ALLEN CHAD WILLIAM | Chief Financial Officer | — | 2026-02-09 00:00:00 | D |
| 3 | 11642 | — | — | Stock Award(Grant) at price 0.00 per share. | DIRLAM ADAM A | President | — | 2026-02-09 00:00:00 | D |
| 4 | 29688 | — | — | Stock Award(Grant) at price 0.00 per share. | O'GRADY NICHOLAS L | Chief Executive Officer | — | 2026-02-09 00:00:00 | D |
| 5 | 2038 | — | — | Stock Award(Grant) at price 0.00 per share. | LASHER STUART G. | Director | — | 2025-12-31 00:00:00 | D |
| 6 | 2038 | — | — | Stock Award(Grant) at price 0.00 per share. | POMERANTZ JENNIFER S. | Director | — | 2025-12-31 00:00:00 | D |
| 7 | 2038 | — | — | Stock Award(Grant) at price 0.00 per share. | EASLEY ROY ERNEST | Director | — | 2025-12-31 00:00:00 | D |
| 8 | 2038 | — | — | Stock Award(Grant) at price 0.00 per share. | MEIER LISA G | Director | — | 2025-12-31 00:00:00 | D |
| 9 | 6521 | — | — | Stock Award(Grant) at price 0.00 per share. | AKRADI BAHRAM | Director | — | 2025-12-31 00:00:00 | D |
Financials
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -139.98M | 14.69M | 20.98M | -1.64M |
| TaxRateForCalcs | 0.38 | 0.24 | 0.08 | 0.00 |
| NormalizedEBITDA | 1.42B | 1.52B | 1.35B | 1.52B |
| TotalUnusualItems | -366.57M | 62.23M | 269.00M | -411.60M |
| TotalUnusualItemsExcludingGoodwill | -366.57M | 62.23M | 269.00M | -411.60M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 38.76M | 520.31M | 922.97M | 773.24M |
| ReconciledDepreciation | 814.86M | 740.90M | 486.02M | 251.27M |
| ReconciledCostOfRevenue | 1.42B | 1.33B | 993.15M | 670.14M |
| EBITDA | 1.05B | 1.58B | 1.62B | 1.11B |
| EBIT | 235.09M | 838.53M | 1.14B | 856.67M |
| NetInterestIncome | -172.38M | -157.72M | -135.66M | -80.33M |
| InterestExpense | 172.38M | 157.72M | 135.66M | 80.33M |
| NormalizedIncome | 265.36M | 472.76M | 674.95M | 1.18B |
| NetIncomeFromContinuingAndDiscontinuedOperation | 38.76M | 520.31M | 922.97M | 773.24M |
| TotalExpenses | 1.49B | 1.39B | 1.04B | 717.34M |
| TotalOperatingIncomeAsReported | 245.85M | 837.83M | 1.12B | 853.19M |
| DilutedAverageShares | 99.31M | 101.27M | 92.06M | 86.68M |
| BasicAverageShares | 97.71M | 99.85M | 91.48M | 78.56M |
| DilutedEPS | 0.39 | 5.14 | 10.03 | 8.92 |
| BasicEPS | 0.40 | 5.21 | 10.09 | 9.26 |
| DilutedNIAvailtoComStockholders | 38.76M | 520.31M | 922.97M | 727.70M |
| NetIncomeCommonStockholders | 38.76M | 520.31M | 922.97M | 727.70M |
| OtherunderPreferredStockDividend | 0.00 | 0.00 | 35.73M | 0.00 |
| PreferredStockDividends | 9.80M | 14.76M | ||
| NetIncome | 38.76M | 520.31M | 922.97M | 773.24M |
| NetIncomeIncludingNoncontrollingInterests | 38.76M | 520.31M | 922.97M | 773.24M |
| NetIncomeContinuousOperations | 38.76M | 520.31M | 922.97M | 773.24M |
| TaxProvision | 23.94M | 160.51M | 77.77M | 3.10M |
| PretaxIncome | 62.70M | 680.82M | 1.00B | 776.34M |
| OtherIncomeExpense | -365.94M | 62.67M | 273.79M | -411.79M |
| OtherNonOperatingIncomeExpenses | 637.00K | 440.00K | 4.79M | -185.00K |
| SpecialIncomeCharges | -746.67M | 0.00 | 10.77M | 2.67M |
| OtherSpecialCharges | 43.92M | -659.00K | -810.00K | 13.09M |
| WriteOff | 0.00 | |||
| ImpairmentOfCapitalAssets | 702.75M | 0.00 | 0.00 | 0.00 |
| RestructuringAndMergernAcquisition | 0.00 | 0.00 | -10.11M | -1.86M |
| GainOnSaleOfSecurity | 380.10M | 62.23M | 258.23M | -414.27M |
| NetNonOperatingInterestIncomeExpense | -172.38M | -157.72M | -135.66M | -80.33M |
| InterestExpenseNonOperating | 172.38M | 157.72M | 135.66M | 80.33M |
| OperatingIncome | 601.02M | 775.86M | 862.61M | 1.27B |
| OperatingExpense | 74.18M | 60.11M | 51.25M | 47.20M |
| OtherOperatingExpenses | 12.85M | 9.65M | 4.45M | |
| SellingGeneralAndAdministration | 61.33M | 50.46M | 46.80M | 47.20M |
| GeneralAndAdministrativeExpense | 61.33M | 50.46M | 46.80M | 47.20M |
| OtherGandA | 61.33M | 50.46M | 46.80M | 47.20M |
| GrossProfit | 675.20M | 835.98M | 913.86M | 1.32B |
| CostOfRevenue | 1.42B | 1.33B | 993.15M | 670.14M |
| TotalRevenue | 2.10B | 2.16B | 1.91B | 1.99B |
| OperatingRevenue | 2.08B | 2.15B | 1.90B | 1.99B |
| Line Item | 2023-12-31 | |||
|---|---|---|---|---|
| TreasurySharesNumber | 0.00 | |||
| OrdinarySharesNumber | 97.27M | 99.11M | 100.76M | 85.17M |
| ShareIssued | 97.27M | 99.11M | 100.76M | 85.17M |
| NetDebt | 2.38B | 2.36B | 1.83B | 1.52B |
| TotalDebt | 2.40B | 2.37B | 1.84B | 1.53B |
| TangibleBookValue | 2.13B | 2.32B | 2.05B | 745.26M |
| InvestedCapital | 4.52B | 4.69B | 3.88B | 2.27B |
| WorkingCapital | 46.74M | -43.53M | 123.65M | -24.49M |
| NetTangibleAssets | 2.13B | 2.32B | 2.05B | 745.26M |
| CommonStockEquity | 2.13B | 2.32B | 2.05B | 745.26M |
| PreferredStockEquity | 2.00K | |||
| TotalCapitalization | 4.52B | 4.69B | 3.88B | 2.27B |
| TotalEquityGrossMinorityInterest | 2.13B | 2.32B | 2.05B | 745.26M |
| StockholdersEquity | 2.13B | 2.32B | 2.05B | 745.26M |
| RetainedEarnings | 481.28M | 442.52M | -77.79M | -1.00B |
| AdditionalPaidInCapital | 1.64B | 1.88B | 2.12B | 1.75B |
| CapitalStock | 499.00K | 501.00K | 503.00K | 487.00K |
| CommonStock | 499.00K | 501.00K | 503.00K | 487.00K |
| PreferredStock | 0.00 | 2.00K | ||
| TotalLiabilitiesNetMinorityInterest | 3.28B | 3.28B | 2.44B | 2.13B |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 2.74B | 2.74B | 2.05B | 1.78B |
| OtherNonCurrentLiabilities | 1.77M | 2.27M | 2.74M | 2.05M |
| DerivativeProductLiabilities | 48.10M | 93.61M | 105.83M | 225.91M |
| NonCurrentDeferredLiabilities | 247.65M | 228.04M | 68.49M | 0.00 |
| NonCurrentDeferredTaxesLiabilities | 247.65M | 228.04M | 68.49M | 0.00 |
| LongTermDebtAndCapitalLeaseObligation | 2.40B | 2.37B | 1.84B | 1.53B |
| LongTermDebt | 2.40B | 2.37B | 1.84B | 1.53B |
| LongTermProvisions | 50.83M | 45.91M | 38.20M | 31.58M |
| CurrentLiabilities | 539.29M | 544.27M | 385.76M | 344.97M |
| OtherCurrentLiabilities | 3.88M | 24.62M | 18.93M | 70.31M |
| PayablesAndAccruedExpenses | 535.42M | 519.65M | 366.83M | 274.67M |
| CurrentAccruedExpenses | 316.80M | 316.78M | 174.16M | 146.08M |
| InterestPayable | 23.02M | 25.99M | 26.22M | 24.35M |
| Payables | 218.62M | 202.87M | 192.67M | 128.58M |
| AccountsPayable | 218.62M | 202.87M | 192.67M | 128.58M |
| TotalAssets | 5.41B | 5.60B | 4.48B | 2.88B |
| TotalNonCurrentAssets | 4.82B | 5.10B | 3.97B | 2.55B |
| OtherNonCurrentAssets | 73.94M | 11.08M | 15.47M | 16.22M |
| NonCurrentPrepaidAssets | 0.00 | 17.09M | 43.00M | 40.65M |
| FinancialAssets | 3.04M | 9.83M | 10.72M | 12.55M |
| NetPPE | 4.75B | 5.08B | 3.93B | 2.48B |
| AccumulatedDepreciation | -6.78B | -5.28B | -4.54B | -4.06B |
| GrossPPE | 11.53B | 10.36B | 8.47B | 6.54B |
| OtherProperties | 3.20M | 3.90M | ||
| CurrentAssets | 586.03M | 500.74M | 509.41M | 320.49M |
| OtherCurrentAssets | 7.07M | 5.27M | 2.49M | 2.01M |
| HedgingAssetsCurrent | 166.68M | 46.52M | 75.73M | 35.29M |
| PrepaidAssets | 30.00M | 12.29M | 49.21M | 8.98M |
| Receivables | 367.99M | 427.72M | 373.78M | 271.67M |
| TaxesReceivable | 18.07M | 38.05M | 3.25M | 338.00K |
| AccountsReceivable | 349.93M | 389.67M | 370.53M | 271.34M |
| AllowanceForDoubtfulAccountsReceivable | -4.00M | -4.00M | -4.90M | -3.90M |
| GrossAccountsReceivable | 393.67M | 374.53M | 276.24M | 197.45M |
| CashCashEquivalentsAndShortTermInvestments | 14.30M | 8.93M | 8.20M | 2.53M |
| CashAndCashEquivalents | 14.30M | 8.93M | 8.20M | 2.53M |
| Line Item | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| FreeCashFlow | 252.83M | -283.19M | -661.93M | -431.36M |
| RepurchaseOfCapitalStock | -57.01M | -94.50M | -8.00M | -135.74M |
| RepaymentOfDebt | -1.28B | -455.00M | -1.17B | -1.02B |
| IssuanceOfDebt | 1.31B | 984.00M | 1.49B | 1.74B |
| IssuanceOfCapitalStock | 0.00 | 0.00 | 514.75M | 0.00 |
| CapitalExpenditure | -1.25B | -1.69B | -1.85B | -1.36B |
| InterestPaidSupplementalData | 170.86M | 152.06M | 128.94M | 74.93M |
| IncomeTaxPaidSupplementalData | 332.00K | 3.83M | 3.67M | 0.00 |
| EndCashPosition | 14.30M | 8.93M | 8.20M | 2.53M |
| BeginningCashPosition | 8.93M | 8.20M | 2.53M | 9.52M |
| ChangesInCash | 5.37M | 738.00K | 5.67M | -6.99M |
| FinancingCashFlow | -247.46M | 266.83M | 684.69M | 467.37M |
| CashFlowFromContinuingFinancingActivities | -247.46M | 266.83M | 684.69M | 467.37M |
| NetOtherFinancingCharges | -45.10M | -5.71M | -14.51M | -45.69M |
| CashDividendsPaid | -173.40M | -161.97M | -123.94M | -73.27M |
| PreferredStockDividendPaid | 0.00 | 0.00 | -21.66M | -29.21M |
| CommonStockDividendPaid | -173.40M | -161.97M | -123.94M | -51.60M |
| NetPreferredStockIssuance | 0.00 | 0.00 | -81.24M | 0.00 |
| PreferredStockPayments | 0.00 | 0.00 | -81.24M | 0.00 |
| PreferredStockIssuance | 0.00 | |||
| NetCommonStockIssuance | -57.01M | -94.50M | 506.75M | -54.50M |
| CommonStockPayments | -57.01M | -94.50M | -8.00M | -54.50M |
| CommonStockIssuance | 0.00 | 0.00 | 514.75M | 0.00 |
| NetIssuancePaymentsOfDebt | 28.06M | 529.00M | 316.40M | 722.06M |
| NetShortTermDebtIssuance | -477.00M | |||
| ShortTermDebtPayments | -1.03B | |||
| ShortTermDebtIssuance | 554.00M | |||
| NetLongTermDebtIssuance | 28.06M | 529.00M | 316.40M | 722.06M |
| LongTermDebtPayments | -1.28B | -455.00M | -1.17B | -1.02B |
| LongTermDebtIssuance | 1.31B | 984.00M | 1.49B | 1.74B |
| InvestingCashFlow | -1.25B | -1.67B | -1.86B | -1.40B |
| CashFlowFromContinuingInvestingActivities | -1.25B | -1.67B | -1.86B | -1.40B |
| NetOtherInvestingChanges | -1.00K | |||
| NetBusinessPurchaseAndSale | 17.09M | -17.09M | -43.00M | -40.65M |
| SaleOfBusiness | 17.09M | |||
| PurchaseOfBusiness | -17.09M | -43.00M | -40.65M | |
| NetPPEPurchaseAndSale | -1.25B | -1.69B | -1.85B | -1.36B |
| PurchaseOfPPE | -1.25B | -1.69B | -1.85B | -1.36B |
| CapitalExpenditureReported | -182.80M | |||
| OperatingCashFlow | 1.51B | 1.41B | 1.18B | 928.42M |
| CashFlowFromContinuingOperatingActivities | 1.51B | 1.41B | 1.18B | 928.42M |
| ChangeInWorkingCapital | 70.06M | -53.89M | -106.14M | -62.40M |
| ChangeInOtherWorkingCapital | -3.75M | |||
| ChangeInPayablesAndAccruedExpense | 11.90M | 3.53M | -4.34M | 13.22M |
| ChangeInAccruedExpense | -2.97M | 7.94M | 10.89M | 13.56M |
| ChangeInInterestPayable | -2.97M | -227.00K | 1.74M | 3.61M |
| ChangeInPayable | 14.88M | -4.41M | -15.24M | -338.00K |
| ChangeInAccountPayable | 14.88M | -4.41M | -15.24M | -338.00K |
| ChangeInPrepaidAssets | -1.57M | -1.50M | -474.00K | -720.00K |
| ChangeInReceivables | 59.73M | -52.17M | -101.32M | -74.90M |
| ChangesInAccountReceivables | 39.75M | -17.37M | -101.32M | -74.90M |
| OtherNonCashItems | 7.87M | 8.83M | -1.08M | 3.03M |
| StockBasedCompensation | 15.36M | 11.97M | 5.66M | 5.66M |
| AssetImpairmentCharge | 702.75M | 0.00 | 0.00 | 0.00 |
| DeferredTax | 23.57M | 159.55M | 76.86M | -571.00K |
| DeferredIncomeTax | 23.57M | 159.55M | 76.86M | -571.00K |
| DepreciationAmortizationDepletion | 814.86M | 740.90M | 486.02M | 251.27M |
| Depletion | 814.86M | 740.90M | 486.02M | 251.27M |
| OperatingGainsLosses | -167.94M | 21.00M | -200.97M | -41.80M |
| GainLossOnInvestmentSecurities | -178.78M | 21.00M | -200.31M | -41.18M |
| GainLossOnSaleOfPPE | 0.00 | 0.00 | 185.00K | 17.00K |
| NetIncomeFromContinuingOperations | 38.76M | 520.31M | 922.97M | 773.24M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for NOG
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|