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NOG Stock Chart & Stats
$26.42
-$0.70(-3.28%)
At close: 4:00 PM EDT
$26.42
-$0.70(-3.28%)
Day’s Range― - ―
52-Week Range$17.18 - $31.17
Previous CloseN/A
Volume965.50K
Average Volume (3M)2.06M
Market Cap
$2.96B
Enterprise Value$4.64B
Total Cash (Recent Filing)$47.60M
Total Debt (Recent Filing)$2.72B
Price to Earnings (P/E)―
Beta0.50
Next Earnings
Nov 05, 2026EPS Estimate
1.09Next Dividend Ex-DateN/A
Dividend Yield6.54%
Share Statistics
EPS (TTM)-5.10
Shares Outstanding106,549,126
10 Day Avg. Volume1,830,322
30 Day Avg. Volume2,062,728
Financial Highlights & Ratios
PEG Ratio-0.58
Price to Book (P/B)0.99
Price to Sales (P/S)1.00
P/FCF Ratio8.30
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit6.05
Enterprise Value/Ebitda14.44
Forecast
1Y Price Target
$29.17Price Target Upside10.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)4.19
Revenue Forecast (FY)$2.39B
Bulls Say, Bears Say
Bulls Say
Diversified Non-Operated PortfolioNOG’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 ExpansionThe 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 LiquidityManagement’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 DeteriorationThe 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 FlowNegative 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 ObligationsRefinancing 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
NOG FAQ
What was Northern Oil And Gas’s price range in the past 12 months?
Northern Oil And Gas lowest stock price was $17.18 and its highest was $31.17 in the past 12 months.
What is Northern Oil And Gas’s market cap?
Northern Oil And Gas’s market cap is $2.96B.
When is Northern Oil And Gas’s upcoming earnings report date?
Northern Oil And Gas’s upcoming earnings report date is Nov 05, 2026 which is in 14 days.
How were Northern Oil And Gas’s earnings last quarter?
Northern Oil And Gas released its earnings results on Aug 06, 2026. The company reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.175 by -$0.045.
Is Northern Oil And Gas overvalued?
According to Wall Street analysts Northern Oil And Gas’s price is currently Undervalued.
Does Northern Oil And Gas pay dividends?
Northern Oil And Gas pays a Quarterly dividend of $0.45 which represents an annual dividend yield of 6.54%. See more information on Northern Oil And Gas dividends here
What is Northern Oil And Gas’s EPS estimate?
Northern Oil And Gas’s EPS estimate is 1.09.
How many shares outstanding does Northern Oil And Gas have?
Northern Oil And Gas has 106,549,126 shares outstanding.
What happened to Northern Oil And Gas’s price movement after its last earnings report?
Northern Oil And Gas reported an EPS of $1.13 in its last earnings report, missing expectations of $1.175. Following the earnings report the stock price went up 6.512%.
Which hedge fund is a major shareholder of Northern Oil And Gas?
Currently, no hedge funds are holding shares in NOG
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Northern Oil And Gas Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$29.17 (10.40% Upside)
$29.17 (10.40% Upside)
Blogger Sentiment
Bullish
NOG Sentiment 80%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 132.5K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▲ 0.1%
Last 30 Days ▼ 1.6%
Last 30 Days ▼ 1.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
39.90%
12-Months-Change
Fundamentals
Return on Equity
-23.85%
Trailing 12-Months
Asset Growth
2.20%
Trailing 12-Months
Learn more about TipRanks 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.
NOG Company Deck
NOG Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
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 NOG earnings summariesNOG Stock 12 Month Forecast
Average Price Target
$29.17
▲(10.40% Upside)
Technical Analysis
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Ownership Overview
2.85% Insiders
34.24% Mutual Funds
0.73% Other Institutional Investors
21.25% Public Companies and
Individual Investors