northern oil & gas inc. - NOG

NOG

Close Chg Chg %
21.64 -0.19 -0.86%

Open Market

21.45

-0.19 (0.86%)

Volume: 1.47M

Last Updated:

Dec 31, 2025, 3:59 PM EDT

Company Overview: northern oil & gas inc. - NOG

NOG Key Data

Open

$21.57

Day Range

21.24 - 21.58

52 Week Range

19.93 - 42.35

Market Cap

$2.10B

Shares Outstanding

97.60M

Public Float

94.66M

Beta

0.99

Rev. Per Employee

N/A

P/E Ratio

12.20

EPS

$1.82

Yield

818.31%

Dividend

$0.45

EX-DIVIDEND DATE

Dec 30, 2025

SHORT INTEREST

N/A

AVERAGE VOLUME

2.39M

 

NOG Performance

1 Week
 
0.33%
 
1 Month
 
-4.11%
 
3 Months
 
-14.26%
 
1 Year
 
-42.22%
 
5 Years
 
145.09%
 

NOG Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 12
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 2.16B
Industry Oil & Gas Production Net Income 520.31M
Sector Energy Minerals 2024 Sales Growth 13.464%
Fiscal Year-end 12 / 2025 Employees 49
View SEC Filings

NOG Valuation

P/E Current 12.353
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 7.232
Price to Sales Ratio 1.739
Price to Book Ratio 1.587
Price to Cash Flow Ratio 2.67
Enterprise Value to EBITDA 4.037
Enterprise Value to Sales 2.83
Total Debt to Enterprise Value 0.387

NOG Efficiency

Revenue/Employee 44,158,387.755
Income Per Employee 10,618,530.612
Receivables Turnover 5.059
Total Asset Turnover 0.429

NOG Liquidity

Current Ratio 0.92
Quick Ratio 0.92
Cash Ratio 0.016

NOG Profitability

Gross Margin 38.635
Operating Margin 35.857
Pretax Margin 31.465
Net Margin 24.046
Return on Assets 10.315
Return on Equity 23.823
Return on Total Capital 11.095
Return on Invested Capital 12.138

NOG Capital Structure

Total Debt to Total Equity 102.106
Total Debt to Total Capital 50.521
Total Debt to Total Assets 42.28
Long-Term Debt to Equity 102.106
Long-Term Debt to Total Capital 50.521
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Northern Oil & Gas Inc. - NOG

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
975.09M 1.99B 1.91B 2.16B
Sales Growth
+200.89% +103.65% -3.97% +13.46%
Cost of Goods Sold (COGS) incl D&A
388.60M 670.14M 993.15M 1.33B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
140.83M 251.27M 486.02M 740.90M
Depreciation
140.83M 251.27M 486.02M 740.90M
Amortization of Intangibles
- - - -
-
COGS Growth
+26.07% +72.45% +48.20% +33.69%
Gross Income
586.49M 1.32B 913.86M 835.98M
Gross Income Growth
+3,605.18% +124.33% -30.54% -8.52%
Gross Profit Margin
+60.15% +66.25% +47.92% +38.64%
2021 2022 2023 2024 5-year trend
SG&A Expense
24.14M 35.40M 36.40M 50.46M
Research & Development
- - - -
-
Other SG&A
24.14M 35.40M 36.40M 50.46M
SGA Growth
+30.17% +46.64% +2.82% +38.63%
Other Operating Expense
- - 4.45M 9.65M
-
Unusual Expense
330.91M (32.05M) (200.68M) 21.00M
EBIT after Unusual Expense
231.45M 1.31B 1.07B 754.87M
Non Operating Income/Expense
(165.83M) (455.63M) 62.71M 83.67M
Non-Operating Interest Income
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
59.02M 80.33M 135.66M 157.72M
Interest Expense Growth
+0.88% +36.11% +68.88% +16.26%
Gross Interest Expense
60.12M 83.70M 138.66M 160.10M
Interest Capitalized
1.10M 3.37M 3.00M 2.38M
Pretax Income
6.59M 776.34M 1.00B 680.82M
Pretax Income Growth
+100.73% +11,673.40% +28.91% -31.97%
Pretax Margin
+0.68% +39.09% +52.48% +31.46%
Income Tax
233.00K 3.10M 77.77M 160.51M
Income Tax - Current - Domestic
4.09M (181.98M) (153.43M) 883.00K
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(3.85M) 185.08M 231.20M 159.63M
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
6.36M 773.24M 922.97M 520.31M
Minority Interest Expense
- - - -
-
Net Income
6.36M 773.24M 922.97M 520.31M
Net Income Growth
+100.70% +12,055.90% +19.36% -43.63%
Net Margin Growth
+0.65% +38.94% +48.40% +24.05%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
6.36M 773.24M 922.97M 520.31M
Preferred Dividends
- - 14.76M 45.53M
-
Net Income Available to Common
(8.40M) 727.70M 922.97M 520.31M
EPS (Basic)
-0.1334 9.2634 10.0889 5.2108
EPS (Basic) Growth
+99.38% +7,044.08% +8.91% -48.35%
Basic Shares Outstanding
62.99M 78.56M 91.48M 99.85M
EPS (Diluted)
-0.1334 8.3957 10.0256 5.138
EPS (Diluted) Growth
+99.38% +6,393.63% +19.41% -48.75%
Diluted Shares Outstanding
62.99M 86.68M 92.06M 101.27M
EBITDA
703.18M 1.53B 1.36B 1.52B
EBITDA Growth
+341.13% +117.80% -11.26% +11.61%
EBITDA Margin
+72.11% +77.12% +71.27% +70.10%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 32.00
Number of Ratings 12 Current Quarters Estimate 0.845
FY Report Date 03 / 2026 Current Year's Estimate 3.069
Last Quarter’s Earnings 0.97 Median PE on CY Estimate N/A
Year Ago Earnings 4.553 Next Fiscal Year Estimate 3.551
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 10 10 11 8
Mean Estimate 0.84 0.70 3.07 3.55
High Estimates 1.09 0.95 4.24 4.96
Low Estimate 0.65 0.53 2.41 2.40
Coefficient of Variance 14.80 19.47 18.12 26.71

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 6 6 6
OVERWEIGHT 1 1 1
HOLD 4 4 4
UNDERWEIGHT 0 0 0
SELL 1 1 1
MEAN Overweight Overweight Overweight

Insider Actions for Northern Oil & Gas Inc. - NOG

Date Name Shares Transaction Value
Mar 11, 2025 Chad Allen CFO 82,402 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2025 Erik J. Romslo Chief Legal Officer & Sec. 102,116 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2025 Adam Dirlam President 105,635 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2025 Adam Dirlam President 20,060 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2025 Nicholas O'Grady CEO; Director 245,013 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2025 James Evans Chief Technical Officer 78,416 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 6, 2025 Stuart G. Lasher Director 40,000 Open market or private purchase of non-derivative security Non-derivative transaction at $27.62 per share 1,104,800.00

Northern Oil & Gas Inc. in the News