Symbols / NOG Stock $23.40 -2.21% Northern Oil and Gas, Inc.

Energy • Oil & Gas E&P • United States • NYQ
NOG (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Energy
Industry Oil & Gas E&P
CEO Mr. Nicholas L. O'Grady
Exch · Country NYQ · United States
Market Cap 2.48B
Enterprise Value 4.98B
Income -623.07M
Sales 1.93B
FCF (ttm) -13.38M
Book/sh 21.97
Cash/sh 0.35
Employees 64
Insider 10d —
IPO Apr 13, 2007
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 4.62%
P/E 68.90
Forward P/E 6.01
PEG 0.65
P/S 1.29
P/B 1.07
P/C —
EV/EBITDA 3.44
EV/Sales 2.59
Quick Ratio 0.50
Current Ratio 0.53
Debt/Eq 142.99
LT Debt/Eq —
EPS (ttm) -6.32
EPS next Y 3.89
EPS Growth —
Revenue Growth -7.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-04-28
ROA 4.31%
ROE -29.77%
ROIC —
Gross Margin 74.58%
Oper. Margin -73.64%
Profit Margin -32.36%
Shs Outstand 105.79M
Shs Float 102.26M
Insider Own 3.01%
Instit Own 112.06%
Short Float 19.82%
Short Ratio 6.80
Short Interest 17.62M
52W High 32.62
vs 52W High -28.26%
52W Low 20.18
vs 52W Low 15.96%
Beta 0.77
Impl. Vol. 55.27%
Rel Volume 0.74
Avg Volume 2.64M
Volume 1.95M
Target (mean) $36.10
Tgt Median $36.50
Tgt Low $28.00
Tgt High $45.00
# Analysts 10
Recom Buy
Prev Close $23.93
Price $23.40
Change -2.21%
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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.10
Mean price target
2. Current target
$23.40
Latest analyst target
3. DCF / Fair value
$-2.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.40
Low
$28.00
High
$45.00
Mean
$36.10

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-14 main Citigroup Buy → Buy $36
2026-03-31 main Citigroup Buy → Buy $39
2026-03-24 main B of A Securities Buy → Buy $32
2026-03-12 main Piper Sandler Neutral → Neutral $32
2026-03-11 main Citigroup Buy → Buy $34
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
News
RSS: Latest NOG news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-31 LASHER STUART G. Director — 1,496 $0.00 $0
2026-03-31 POMERANTZ JENNIFER S. Director — 2,351 $0.00 $0
2026-03-31 EASLEY ROY ERNEST Director — 1,496 $0.00 $0
2026-03-31 KIMBLE WILLIAM F Director — 1,496 $0.00 $0
2026-03-31 FRANTZ MICHAEL A Director — 1,496 $0.00 $0
2026-03-31 AKRADI BAHRAM Director — 3,933 $0.00 $0
2026-03-31 MEIER LISA G Director — 1,496 $0.00 $0
2026-03-16 DIRLAM ADAM A President — 36,241 $0.00 $0
2026-03-16 O'GRADY NICHOLAS L Chief Executive Officer — 52,391 $0.00 $0
2026-03-16 EVANS JAMES B Chief Technology Officer — 12,044 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,095.06
-3.18%
2,163.76
+13.46%
1,907.01
-3.97%
1,985.80
Operating Revenue
2,081.29
-3.29%
2,152.08
+13.40%
1,897.78
-4.43%
1,985.80
Cost Of Revenue
1,419.86
+6.93%
1,327.78
+33.69%
993.15
+48.20%
670.14
Reconciled Cost Of Revenue
1,419.86
+6.93%
1,327.78
+33.69%
993.15
+48.20%
670.14
Gross Profit
675.20
-19.23%
835.98
-8.52%
913.86
-30.54%
1,315.66
Operating Expense
74.18
+23.40%
60.11
+17.30%
51.25
+8.58%
47.20
Selling General And Administration
61.33
+21.54%
50.46
+7.82%
46.80
-0.85%
47.20
General And Administrative Expense
61.33
+21.54%
50.46
+7.82%
46.80
-0.85%
47.20
Other Gand A
61.33
+21.54%
50.46
+7.82%
46.80
-0.85%
47.20
Other Operating Expenses
12.85
+33.14%
9.65
+116.95%
4.45
—
Total Expenses
1,494.04
+7.65%
1,387.90
+32.89%
1,044.40
+45.59%
717.34
Operating Income
601.02
-22.54%
775.86
-10.06%
862.61
-32.00%
1,268.45
Total Operating Income As Reported
245.85
-70.66%
837.83
-25.32%
1,121.86
+31.49%
853.19
EBITDA
1,049.94
-33.52%
1,579.43
-2.65%
1,622.43
+46.44%
1,107.94
Normalized EBITDA
1,416.52
-6.64%
1,517.20
+12.10%
1,353.43
-10.93%
1,519.54
Reconciled Depreciation
814.86
+9.98%
740.90
+52.44%
486.02
+93.43%
251.27
EBIT
235.09
-71.96%
838.53
-26.21%
1,136.41
+32.65%
856.67
Total Unusual Items
-366.57
-689.06%
62.23
-76.87%
269.00
+165.35%
-411.60
Total Unusual Items Excluding Goodwill
-366.57
-689.06%
62.23
-76.87%
269.00
+165.35%
-411.60
Special Income Charges
-746.67
0.00
-100.00%
10.77
+303.37%
2.67
Other Special Charges
43.92
—
-0.66
+18.64%
-0.81
Impairment Of Capital Assets
702.75
0.00
0.00
0.00
Restructuring And Mergern Acquisition
0.00
0.00
+100.00%
-10.11
-443.68%
-1.86
Write Off
—
—
—
—
Net Income
38.76
-92.55%
520.31
-43.63%
922.97
+19.36%
773.24
Pretax Income
62.70
-90.79%
680.82
-31.97%
1,000.74
+28.91%
776.34
Net Non Operating Interest Income Expense
-172.38
-9.30%
-157.72
-16.26%
-135.66
-68.88%
-80.33
Interest Expense Non Operating
172.38
+9.30%
157.72
+16.26%
135.66
+68.88%
80.33
Net Interest Income
-172.38
-9.30%
-157.72
-16.26%
-135.66
-68.88%
-80.33
Interest Expense
172.38
+9.30%
157.72
+16.26%
135.66
+68.88%
80.33
Other Income Expense
-365.94
-683.91%
62.67
-77.11%
273.79
+166.49%
-411.79
Other Non Operating Income Expenses
0.64
+44.77%
0.44
-90.82%
4.79
+2691.89%
-0.18
Gain On Sale Of Security
380.10
+510.80%
62.23
-75.90%
258.23
+162.33%
-414.27
Tax Provision
23.94
-85.08%
160.51
+106.38%
77.77
+2408.00%
3.10
Tax Rate For Calcs
0.00
+61.86%
0.00
+202.56%
0.00
+1852.93%
0.00
Tax Effect Of Unusual Items
-140.03
-1053.48%
14.69
-30.01%
20.98
+1376.20%
-1.64
Net Income Including Noncontrolling Interests
38.76
-92.55%
520.31
-43.63%
922.97
+19.36%
773.24
Net Income From Continuing Operation Net Minority Interest
38.76
-92.55%
520.31
-43.63%
922.97
+19.36%
773.24
Net Income From Continuing And Discontinued Operation
38.76
-92.55%
520.31
-43.63%
922.97
+19.36%
773.24
Net Income Continuous Operations
38.76
-92.55%
520.31
-43.63%
922.97
+19.36%
773.24
Normalized Income
265.30
-43.88%
472.76
-29.96%
674.95
-42.96%
1,183.19
Net Income Common Stockholders
38.76
-92.55%
520.31
-43.63%
922.97
+26.83%
727.70
Otherunder Preferred Stock Dividend
—
0.00
0.00
-100.00%
35.73
Diluted EPS
0.39
-92.41%
5.14
-48.75%
10.03
+12.44%
8.92
Basic EPS
0.40
-92.32%
5.21
-48.36%
10.09
+8.96%
9.26
Basic Average Shares
97.71
-2.14%
99.85
+9.15%
91.48
+16.45%
78.56
Diluted Average Shares
99.31
-1.93%
101.27
+10.00%
92.06
+6.21%
86.68
Diluted NI Availto Com Stockholders
38.76
-92.55%
520.31
-43.63%
922.97
+26.83%
727.70
Preferred Stock Dividends
—
—
—
9.80
Line Item Trend 2023-12-31
Total Assets
4,484.26
Current Assets
509.41
Cash Cash Equivalents And Short Term Investments
8.20
Cash And Cash Equivalents
8.20
Receivables
373.78
Accounts Receivable
370.53
Gross Accounts Receivable
374.53
Allowance For Doubtful Accounts Receivable
-4.00
Taxes Receivable
3.25
Prepaid Assets
49.21
Hedging Assets Current
75.73
Other Current Assets
2.49
Total Non Current Assets
3,974.85
Net PPE
3,931.56
Gross PPE
8,473.37
Accumulated Depreciation
-4,541.81
Other Properties
—
Non Current Prepaid Assets
17.09
Other Non Current Assets
15.47
Total Liabilities Net Minority Interest
2,436.58
Current Liabilities
385.76
Payables And Accrued Expenses
366.83
Payables
192.67
Accounts Payable
192.67
Current Accrued Expenses
174.16
Other Current Liabilities
18.93
Total Non Current Liabilities Net Minority Interest
2,050.82
Long Term Debt And Capital Lease Obligation
1,835.55
Long Term Debt
1,835.55
Long Term Provisions
38.20
Non Current Deferred Liabilities
68.49
Non Current Deferred Taxes Liabilities
68.49
Other Non Current Liabilities
2.74
Stockholders Equity
2,047.68
Common Stock Equity
2,047.68
Capital Stock
0.50
Common Stock
0.50
Preferred Stock
—
Share Issued
100.76
Ordinary Shares Number
100.76
Treasury Shares Number
0.00
Additional Paid In Capital
2,124.96
Retained Earnings
-77.79
Total Equity Gross Minority Interest
2,047.68
Total Capitalization
3,883.23
Working Capital
123.65
Invested Capital
3,883.23
Total Debt
1,835.55
Net Debt
1,827.36
Net Tangible Assets
2,047.68
Tangible Book Value
2,047.68
Derivative Product Liabilities
105.83
Financial Assets
10.72
Interest Payable
26.22
Preferred Stock Equity
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,505.29
+6.86%
1,408.66
+19.04%
1,183.32
+27.46%
928.42
Cash Flow From Continuing Operating Activities
1,505.29
+6.86%
1,408.66
+19.04%
1,183.32
+27.46%
928.42
Net Income From Continuing Operations
38.76
-92.55%
520.31
-43.63%
922.97
+19.36%
773.24
Depreciation Amortization Depletion
814.86
+9.98%
740.90
+52.44%
486.02
+93.43%
251.27
Other Non Cash Items
7.87
-10.84%
8.83
+914.96%
-1.08
-135.75%
3.03
Stock Based Compensation
15.36
+28.36%
11.97
+111.47%
5.66
+0.07%
5.66
Asset Impairment Charge
702.75
0.00
0.00
0.00
Deferred Tax
23.57
-85.23%
159.55
+107.59%
76.86
+13560.25%
-0.57
Deferred Income Tax
23.57
-85.23%
159.55
+107.59%
76.86
+13560.25%
-0.57
Operating Gains Losses
-167.94
-899.92%
21.00
+110.45%
-200.97
-380.74%
-41.80
Gain Loss On Investment Securities
-178.78
-951.52%
21.00
+110.48%
-200.31
-386.44%
-41.18
Gain Loss On Sale Of PPE
—
0.00
0.00
-100.00%
0.18
Change In Working Capital
70.06
+230.02%
-53.89
+49.23%
-106.13
-70.09%
-62.40
Change In Receivables
59.73
+214.50%
-52.17
+48.51%
-101.32
-35.26%
-74.90
Changes In Account Receivables
39.75
+328.86%
-17.37
+82.86%
-101.32
-35.26%
-74.90
Change In Prepaid Assets
-1.57
-4.87%
-1.50
-216.03%
-0.47
+34.17%
-0.72
Change In Payables And Accrued Expense
11.90
+237.03%
3.53
+181.33%
-4.34
-132.84%
13.22
Change In Accrued Expense
-2.97
-1210.13%
-0.23
-113.06%
1.74
-87.18%
13.56
Change In Payable
14.88
+295.80%
3.76
+161.82%
-6.08
-1699.11%
-0.34
Change In Account Payable
—
3.76
+161.82%
-6.08
—
Change In Other Working Capital
—
-3.75
—
—
Investing Cash Flow
-1,252.46
+25.22%
-1,674.75
+10.07%
-1,862.35
-32.76%
-1,402.78
Cash Flow From Continuing Investing Activities
-1,252.46
+25.22%
-1,674.75
+10.07%
-1,862.35
-32.76%
-1,402.78
Net PPE Purchase And Sale
-1,252.46
+25.22%
-1,674.75
+10.07%
-1,862.35
-36.96%
-1,359.78
Purchase Of PPE
-1,252.46
+25.22%
-1,674.75
+10.07%
-1,862.35
-36.96%
-1,359.78
Capital Expenditure
-1,252.46
+25.22%
-1,674.75
+10.07%
-1,862.35
-36.96%
-1,359.78
Capital Expenditure Reported
—
—
—
—
Net Business Purchase And Sale
—
17.09
+200.00%
-17.09
+60.25%
-43.00
Purchase Of Business
—
—
-17.09
+60.25%
-43.00
Net Other Investing Changes
—
—
—
-0.00
Financing Cash Flow
-247.46
-192.74%
266.83
-61.03%
684.69
+46.50%
467.37
Cash Flow From Continuing Financing Activities
-247.46
-192.74%
266.83
-61.03%
684.69
+46.50%
467.37
Net Issuance Payments Of Debt
28.06
-94.70%
529.00
+67.19%
316.40
-56.18%
722.06
Issuance Of Debt
1,313.00
+33.43%
984.00
-34.01%
1,491.06
-14.45%
1,742.97
Repayment Of Debt
-1,284.94
-182.41%
-455.00
+61.27%
-1,174.66
-15.06%
-1,020.91
Long Term Debt Issuance
1,313.00
+33.43%
984.00
-34.01%
1,491.06
-14.45%
1,742.97
Long Term Debt Payments
-1,284.94
-182.41%
-455.00
+61.27%
-1,174.66
-15.06%
-1,020.91
Net Long Term Debt Issuance
28.06
-94.70%
529.00
+67.19%
316.40
-56.18%
722.06
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
-57.01
+39.67%
-94.50
-118.65%
506.75
+1029.77%
-54.50
Common Stock Payments
-57.01
+39.67%
-94.50
-1080.62%
-8.00
+85.31%
-54.50
Common Stock Dividend Paid
-173.40
-7.06%
-161.97
-30.68%
-123.94
-140.19%
-51.60
Cash Dividends Paid
-173.40
-7.06%
-161.97
-30.68%
-123.94
-69.17%
-73.27
Net Other Financing Charges
-45.10
-690.55%
-5.71
+60.69%
-14.51
+68.24%
-45.69
Changes In Cash
5.37
+627.10%
0.74
-86.98%
5.67
+181.06%
-6.99
Beginning Cash Position
8.93
+9.01%
8.20
+224.17%
2.53
-73.44%
9.52
End Cash Position
14.30
+60.07%
8.93
+9.01%
8.20
+224.17%
2.53
Free Cash Flow
252.83
+195.01%
-266.09
+60.81%
-679.02
-57.42%
-431.36
Interest Paid Supplemental Data
170.86
+12.36%
152.06
+17.93%
128.94
+72.08%
74.93
Income Tax Paid Supplemental Data
—
0.33
-91.32%
3.83
+4.19%
3.67
Change In Interest Payable
-2.97
-1210.13%
-0.23
-113.06%
1.74
-51.82%
3.61
Common Stock Issuance
0.00
0.00
-100.00%
514.75
0.00
Depletion
814.86
+9.98%
740.90
+52.44%
486.02
+93.43%
251.27
Issuance Of Capital Stock
0.00
0.00
-100.00%
514.75
0.00
Net Preferred Stock Issuance
—
0.00
0.00
+100.00%
-81.24
Preferred Stock Dividend Paid
—
0.00
0.00
+100.00%
-21.66
Preferred Stock Issuance
—
—
—
—
Preferred Stock Payments
—
0.00
0.00
+100.00%
-81.24
Sale Of Business
—
17.09
—
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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