Northern Oil and Gas, Inc. (NOG)
NYSE: NOG · Real-Time Price · USD
24.34
-0.48 (-1.93%)
At close: Aug 15, 2025, 4:00 PM
24.75
+0.41 (1.68%)
After-hours: Aug 15, 2025, 7:51 PM EDT

Northern Oil and Gas Statistics

Total Valuation

NOG has a market cap or net worth of $2.36 billion. The enterprise value is $4.70 billion.

Market Cap 2.36B
Enterprise Value 4.70B

Important Dates

The last earnings date was Thursday, July 31, 2025, after market close.

Earnings Date Jul 31, 2025
Ex-Dividend Date Sep 29, 2025

Share Statistics

NOG has 97.12 million shares outstanding. The number of shares has increased by 0.88% in one year.

Current Share Class 97.12M
Shares Outstanding 97.12M
Shares Change (YoY) +0.88%
Shares Change (QoQ) -0.60%
Owned by Insiders (%) 2.99%
Owned by Institutions (%) 118.33%
Float 94.20M

Valuation Ratios

The trailing PE ratio is 4.00 and the forward PE ratio is 6.86.

PE Ratio 4.00
Forward PE 6.86
PS Ratio 1.15
Forward PS 1.03
PB Ratio 0.98
P/TBV Ratio 0.98
P/FCF Ratio n/a
P/OCF Ratio 1.64
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings 7.73
EV / Sales 2.25
EV / EBITDA 2.45
EV / EBIT 4.64
EV / FCF n/a

Financial Position

The company has a current ratio of 1.21, with a Debt / Equity ratio of 0.98.

Current Ratio 1.21
Quick Ratio 0.92
Debt / Equity 0.98
Debt / EBITDA 1.23
Debt / FCF n/a
Interest Coverage 5.96

Financial Efficiency

Return on equity (ROE) is 27.17% and return on invested capital (ROIC) is 14.53%.

Return on Equity (ROE) 27.17%
Return on Assets (ROA) 12.16%
Return on Invested Capital (ROIC) 14.53%
Return on Capital Employed (ROCE) 19.45%
Revenue Per Employee $42.74M
Profits Per Employee $12.42M
Employee Count 49
Asset Turnover 0.40
Inventory Turnover n/a

Taxes

In the past 12 months, NOG has paid $193.92 million in taxes.

Income Tax 193.92M
Effective Tax Rate 24.16%

Stock Price Statistics

The stock price has decreased by -36.76% in the last 52 weeks. The beta is 1.56, so NOG's price volatility has been higher than the market average.

Beta (5Y) 1.56
52-Week Price Change -36.76%
50-Day Moving Average 28.38
200-Day Moving Average 32.07
Relative Strength Index (RSI) 36.01
Average Volume (20 Days) 1,900,891

Short Selling Information

The latest short interest is 21.38 million, so 22.01% of the outstanding shares have been sold short.

Short Interest 21.38M
Short Previous Month 19.10M
Short % of Shares Out 22.01%
Short % of Float 22.70%
Short Ratio (days to cover) 12.23

Income Statement

In the last 12 months, NOG had revenue of $2.09 billion and earned $608.71 million in profits. Earnings per share was $6.08.

Revenue 2.09B
Gross Profit 1.64B
Operating Income 1.01B
Pretax Income 648.79M
Net Income 608.71M
EBITDA 1.92B
EBIT 1.01B
Earnings Per Share (EPS) $6.08
Full Income Statement

Balance Sheet

The company has $25.86 million in cash and $2.37 billion in debt, giving a net cash position of -$2.34 billion or -$24.09 per share.

Cash & Cash Equivalents 25.86M
Total Debt 2.37B
Net Cash -2.34B
Net Cash Per Share -$24.09
Equity (Book Value) 2.41B
Book Value Per Share 24.84
Working Capital 100.16M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.45 billion and capital expenditures -$1.65 billion, giving a free cash flow of -$207.83 million.

Operating Cash Flow 1.45B
Capital Expenditures -1.65B
Free Cash Flow -207.83M
FCF Per Share -$2.14
Full Cash Flow Statement

Margins

Gross margin is 78.08%, with operating and profit margins of 48.43% and 29.07%.

Gross Margin 78.08%
Operating Margin 48.43%
Pretax Margin 38.33%
Profit Margin 29.07%
EBITDA Margin 91.86%
EBIT Margin 48.43%
FCF Margin n/a

Dividends & Yields

This stock pays an annual dividend of $1.80, which amounts to a dividend yield of 7.25%.

Dividend Per Share $1.80
Dividend Yield 7.25%
Dividend Growth (YoY) 9.26%
Years of Dividend Growth 4
Payout Ratio 29.12%
Buyback Yield -0.88%
Shareholder Yield 6.51%
Earnings Yield 25.75%
FCF Yield -8.79%
Dividend Details

Analyst Forecast

The average price target for NOG is $36.25, which is 48.93% higher than the current price. The consensus rating is "Buy".

Price Target $36.25
Price Target Difference 48.93%
Analyst Consensus Buy
Analyst Count 8
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) -7.86%
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

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 1.77 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.77
Piotroski F-Score 5