northern oil & gas inc. - NOG

NOG

Close Chg Chg %
29.62 0.78 2.63%

Closed Market

30.40

+0.78 (2.63%)

Volume: 2.13M

Last Updated:

Mar 26, 2026, 3:59 PM EDT

Company Overview: northern oil & gas inc. - NOG

NOG Key Data

Open

$29.99

Day Range

29.97 - 30.65

52 Week Range

19.93 - 32.62

Market Cap

$2.88B

Shares Outstanding

97.29M

Public Float

94.35M

Beta

0.97

Rev. Per Employee

N/A

P/E Ratio

75.86

EPS

$0.37

Yield

607.90%

Dividend

$0.45

EX-DIVIDEND DATE

Mar 30, 2026

SHORT INTEREST

N/A

AVERAGE VOLUME

3.39M

 

NOG Performance

1 Week
 
2.67%
 
1 Month
 
7.32%
 
3 Months
 
38.36%
 
1 Year
 
-1.79%
 
5 Years
 
131.51%
 

NOG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 13
Full Ratings ➔

About northern oil & gas inc. - NOG

Northern Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of crude oil and natural gas properties. It focuses on the Bakken and Three Forks formation within the Williston Basin in North Dakota and Montana. The company was founded by Michael Lewis Reger in 2006 and is headquartered in Minnetonka, MN.

NOG At a Glance

Northern Oil & Gas, Inc.
4350 Baker Road
Minnetonka, Minnesota 55343
Phone 1-952-476-9800 Revenue 2.10B
Industry Oil & Gas Production Net Income 38.76M
Sector Energy Minerals Employees 64
Fiscal Year-end 12 / 2026
View SEC Filings

NOG Valuation

P/E Current 74.609
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 55.009
Price to Sales Ratio 1.018
Price to Book Ratio 0.982
Price to Cash Flow Ratio 1.42
Enterprise Value to EBITDA 3.188
Enterprise Value to Sales 2.154
Total Debt to Enterprise Value 0.531

NOG Efficiency

Revenue/Employee 32,735,296.875
Income Per Employee 605,640.625
Receivables Turnover 5.693
Total Asset Turnover 0.38

NOG Liquidity

Current Ratio 1.087
Quick Ratio 1.087
Cash Ratio 0.027

NOG Profitability

Gross Margin 32.228
Operating Margin 28.687
Pretax Margin 2.993
Net Margin 1.85
Return on Assets 0.704
Return on Equity 1.743
Return on Total Capital 0.857
Return on Invested Capital 0.842

NOG Capital Structure

Total Debt to Total Equity 112.653
Total Debt to Total Capital 52.975
Total Debt to Total Assets 44.282
Long-Term Debt to Equity 112.653
Long-Term Debt to Total Capital 52.975
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Northern Oil & Gas Inc. - NOG

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
1.99B 1.91B 2.16B 2.10B
Sales Growth
+103.65% -3.97% +13.46% -3.18%
Cost of Goods Sold (COGS) incl D&A
670.14M 993.15M 1.33B 1.42B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
251.27M 486.02M 740.90M 814.86M
Depreciation
251.27M 486.02M 740.90M 814.86M
Amortization of Intangibles
- - - -
-
COGS Growth
+72.45% +48.20% +33.69% +6.93%
Gross Income
1.32B 913.86M 835.98M 675.20M
Gross Income Growth
+124.33% -30.54% -8.52% -19.23%
Gross Profit Margin
+66.25% +47.92% +38.64% +32.23%
2022 2023 2024 2025 5-year trend
SG&A Expense
35.40M 36.40M 50.46M 61.33M
Research & Development
- - - -
-
Other SG&A
35.40M 36.40M 50.46M 61.33M
SGA Growth
+46.64% +2.82% +38.63% +21.54%
Other Operating Expense
- 4.45M 9.65M 12.85M
Unusual Expense
(32.05M) (200.68M) 21.00M 567.89M
EBIT after Unusual Expense
1.31B 1.07B 754.87M 33.13M
Non Operating Income/Expense
(455.63M) 62.71M 83.67M 201.96M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
80.33M 135.66M 157.72M 172.38M
Interest Expense Growth
+36.11% +68.88% +16.26% +9.30%
Gross Interest Expense
83.70M 138.66M 160.10M 175.68M
Interest Capitalized
3.37M 3.00M 2.38M 3.30M
Pretax Income
776.34M 1.00B 680.82M 62.70M
Pretax Income Growth
+11,673.40% +28.91% -31.97% -90.79%
Pretax Margin
+39.09% +52.48% +31.46% +2.99%
Income Tax
3.10M 77.77M 160.51M 23.94M
Income Tax - Current - Domestic
(181.98M) (153.43M) 883.00K 10.00K
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
185.08M 231.20M 159.63M 23.93M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
773.24M 922.97M 520.31M 38.76M
Minority Interest Expense
- - - -
-
Net Income
773.24M 922.97M 520.31M 38.76M
Net Income Growth
+12,055.90% +19.36% -43.63% -92.55%
Net Margin Growth
+38.94% +48.40% +24.05% +1.85%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
773.24M 922.97M 520.31M 38.76M
Preferred Dividends
- - - 45.53M
-
Net Income Available to Common
727.70M 922.97M 520.31M 38.76M
EPS (Basic)
9.2634 10.0889 5.2108 0.3967
EPS (Basic) Growth
+7,044.08% +8.91% -48.35% -92.39%
Basic Shares Outstanding
78.56M 91.48M 99.85M 97.71M
EPS (Diluted)
8.3957 10.0256 5.138 0.3903
EPS (Diluted) Growth
+6,393.63% +19.41% -48.75% -92.40%
Diluted Shares Outstanding
86.68M 92.06M 101.27M 99.31M
EBITDA
1.53B 1.36B 1.52B 1.42B
EBITDA Growth
+117.80% -11.26% +11.61% -6.65%
EBITDA Margin
+77.12% +71.27% +70.10% +67.58%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 33.583
Number of Ratings 13 Current Quarters Estimate 0.843
FY Report Date 03 / 2026 Current Year's Estimate 3.155
Last Quarter’s Earnings 0.83 Median PE on CY Estimate N/A
Year Ago Earnings 4.57 Next Fiscal Year Estimate 3.121
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 12 12 11 11
Mean Estimate 0.84 0.70 3.15 3.12
High Estimates 1.05 1.11 4.09 5.03
Low Estimate 0.54 0.39 1.79 0.80
Coefficient of Variance 21.17 36.64 27.16 40.27

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 7 7 7
OVERWEIGHT 1 1 1
HOLD 4 4 4
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

Northern Oil & Gas Inc. in the News