Northern Oil And Gas stock analysis
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Northern Oil And Gas (NOG) Stock Price & Analysis
NOG Stock Chart & Stats
- Day’s Range
- $23.31 - $24.33
- 52-Week Range
- $17.18 - $31.17
- Previous Close
- $23.41
- Volume
- N/A
- Average Volume (3M)
- 1.97M
- Market Cap
- $2.48B
- Enterprise Value
- $5.01B
- Total Cash (Recent Filing)
- $26.42M
- Total Debt (Recent Filing)
- $2.62B
- Price to Earnings (P/E)
- ―
- Beta
- 0.49
- Next Earnings
- Feb 25, 2027 (Est.)
- EPS Estimate
- 1.22
- Next Dividend Ex-Date
- Dec 30, 2026
- Dividend Yield
- 7.40%
Bulls Say, Bears Say
Bulls Say
Portfolio Growth
NOG’s non-operated model and continued ground-game activity provide multiple avenues to expand production without directly managing field operations. Recent transactions across several basins broaden the portfolio and create potential for durable growth through acquisitions, development, and portfolio optimization.
Production Growth
Record production and higher full-year guidance indicate that the asset base and partner-led development program are delivering measurable volume growth. A larger production base can support stronger operating cash generation and improve the company’s ability to fund investment and shareholder returns.
Liquidity And Cash Generation
Sustained positive free cash flow in the latest operating update, combined with substantial liquidity, gives NOG capacity to fund development, pursue selective acquisitions, and meet shareholder obligations. This financial flexibility is important in a capital-intensive and commodity-sensitive business.
Bears Say
Earnings Weakness
The recent revenue decline and shift to a sizable net loss show that earnings are currently less dependable than in prior profitable periods. This volatility can reduce internally available capital, weaken return metrics, and make results more sensitive to commodity prices and production changes.
Rising Leverage
Higher leverage reduces financial flexibility when operating results weaken and increases the importance of maintaining strong cash generation. Greater debt exposure can also constrain acquisition capacity and capital allocation, particularly while profitability and return on equity remain under pressure.
Cost Pressure
Elevated production expenses can compress cash margins even when volumes grow, limiting the benefit of higher output. Williston processing costs are especially relevant because they affect the economics of an important basin and may remain a pressure point as activity and NGL prices change.
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 was strongly positive overall. Record production and adjusted EBITDA, improved realizations and margins, substantial free cash flow, lower leverage, strong liquidity, raised production guidance, successful ground-game activity, and favorable basin performance significantly outweighed challenges related to higher production expenses, seasonal activity patterns, uncertain 2027 planning, inflation, and currently unattractive large-scale M&A economics.
View all NOG earnings summariesNOG Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 6 | 8 |
| Technical Analysis | 2 | 6 | 2 |
| Moving Averages | 6 | 0 | 6 |







