Northern Oil And Gas (NOG) Price & Analysis
NOG Stock Chart & Stats
- Day’s Range
- N/A
- 52-Week Range
- N/A
- Previous Close
- N/A
- Volume
- N/A
- Average Volume (3M)
- N/A
- Market Cap
- MXN 56.75B
- Enterprise Value
- MXN 4.64B
- Total Cash (Recent Filing)
- MXN 47.60M
- Total Debt (Recent Filing)
- MXN 2.72B
- Price to Earnings (P/E)
- ―
- Beta
- 0.38
- Next Earnings
- Nov 05, 2026
- EPS Estimate
- 20.46
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Diversified Non-Operated Portfolio
NOG’s non-operated model provides exposure to producing shale basins while third-party operators handle daily field activities. Participation across the Williston and Permian, combined with acquisition-led growth, can broaden production and diversify development exposure over the next several quarters.
Inventory Expansion
The Parallax acquisition and expanded drilling inventory increase the company’s potential production base without relying solely on existing wells. A deeper, long-lived location portfolio can support future volume growth and sustain acquisition-driven development across multiple years.
Cash Generation And Liquidity
Management’s outlook indicates meaningful expected EBITDA and free cash flow generation at stated strip prices, while the call reported more than $1 billion of liquidity. If achieved, this cash generation can fund development, dividends, buybacks, and selective acquisitions.
Bears Say
Profitability Deterioration
The shift from positive 2025 earnings to a large trailing loss shows that revenue stability has not translated into dependable profitability. Compressed gross margins may weaken retained cash generation, reduce capital allocation flexibility, and make future earnings more sensitive to operating and commodity conditions.
Negative Free Cash Flow
Negative trailing free cash flow indicates that reinvestment or working-capital needs currently exceed operating cash generation after capital spending. If persistent, this could limit debt reduction and shareholder distributions, increasing reliance on asset sales, borrowing, or favorable commodity prices.
Higher Long-Term Interest Obligations
Refinancing revolver borrowings extends maturities but adds a substantial long-term fixed interest obligation at a 7.5% coupon. The notes also include covenants affecting debt, dividends, liens, and asset sales, which could constrain financial flexibility and capital allocation.
Northern Oil And Gas News
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Northern Oil And Gas Stock Smart Score
Company Description
Northern Oil And Gas
Northern Oil and Gas, Inc. operates as an independent energy enterprise within the United States. The company's core business revolves around the entire lifecycle of crude oil and natural gas properties, from their acquisition and exploration to their development and eventual production. Its primary operations are concentrated in significant U.S. shale plays, namely the Williston, Appalachian, and Permian Basins. As of December 31, 2021, Northern Oil and Gas held active stakes in 7,436 total producing wells and reported proved reserves totaling 287,682 million barrels of oil equivalent (BOE). The company is headquartered in Minnetonka, Minnesota.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Nicholas O'Grady
- Employees
- 64
- Website
- www.noginc.com
- Address
- 4350 Baker Road, Minnetonka, MN, 55343, US
Northern Oil And Gas (NOG) Earnings & Revenues
NOG Company Deck
NOG Earnings Call
Earnings Call SentimentPositive
The call emphasized clear operational and financial momentum: sequential EBITDA growth (+17%), a large QoQ free cash flow improvement (>400%), strong YoY production and gas volume gains (+9% and +35%), and continued M&A and shareholder return activity (repurchases, dividend). Management also acknowledged near-term headwinds including Q2 Waha-driven curtailments, prior Permian logistics constraints, LOE dynamics from aging wells, and a persistent public-market valuation disconnect despite claiming substantial asset upside. On balance, the company presented multiple tangible wins and a constructive forward outlook while identifying manageable risks that the team has plans to address.
View all MX:NOG earnings summaries