Northern Oil & Gas/$NOG
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Northern Oil & Gas
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production. The company's oil and natural gas sales come from three geographic areas in the United States: the Williston Basin (North Dakota and Montana), the Permian Basin (New Mexico and Texas), the Uinta Basin, and the Appalachian Basin (Pennsylvania and Ohio).
- Ticker
- $NOG
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 64
- Headquarters
- Minnetonka, United States
- Website
- www.noginc.com
NOG Metrics
BasicAdvanced
$2.4B
-
-$4.60
0.86
$1.80
7.88%
Price and volume
Market cap
$2.4B
Beta
0.86
52-week high
$31.17
52-week low
$17.18
Average daily volume
2.1M
Dividend rate
$1.80
Financial strength
Current ratio
0.585
Quick ratio
0.535
Long term debt to equity
1.435
Total debt to equity
1.435
Interest coverage (TTM)
0.79%
Profitability
EBITDA (TTM)
574.986
Gross margin (TTM)
76.48%
Net profit margin (TTM)
-21.19%
Operating margin (TTM)
5.95%
Effective tax rate (TTM)
21.46%
Revenue per employee (TTM)
$34,560,000
Management effectiveness
Return on assets (TTM)
1.45%
Return on equity (TTM)
-23.05%
Valuation
Price to revenue (TTM)
1.052
Price to book
1.32
Price to tangible book (TTM)
1.32
Dividend yield (TTM)
7.88%
Forward dividend yield
7.88%
Growth
Revenue change (TTM)
7.88%
Earnings per share change (TTM)
-352.99%
3-year revenue growth (CAGR)
10.16%
10-year revenue growth (CAGR)
32.10%
3-year earnings per share growth (CAGR)
-15.66%
10-year earnings per share growth (CAGR)
-24.28%
3-year dividend per share growth (CAGR)
9.00%
What the Analysts think about NOG
Analyst ratings (Buy, Hold, Sell) for Northern Oil & Gas stock.
Analyst projections of the future price of Northern Oil & Gas stock.
Bulls say / Bears say
NOG’s Q2 production rose 9% year on year to 145,659 boe per day, including record natural gas output up 35%. It also generated $159 million of free cash flow. (SEC)
The Duvernay deal adds an expected 4,000 boe per day in 2027 and 75,000 net acres, with more than 500 drilling locations and estimated breakevens below $50 WTI. That creates a longer-term growth runway in a light-oil asset. (Northern Oil & Gas)
Q2 free cash flow was $159 million, alongside about $47 million of dividends and $50 million of share repurchases. That pairs meaningful cash generation with direct shareholder returns. (SEC)
Debt rose from $2.42 billion at year-end 2025 to $2.75 billion at June 2026, including $825 million drawn on the revolving facility. The larger debt load leaves the company more exposed to weaker cash flow and higher interest costs. (SEC)
NOG’s wells are operated by third parties, limiting its control over development and production decisions. In Q2, weak Waha gas economics led to about 7,000 boe per day of shut-ins and three deferred well start-ups. (SEC)
In Q3, NOG estimated $300–$320 million of unrealised derivative losses and $51–$52 million of realised hedge losses. Those losses show how price swings and hedging can weigh on reported results and cash receipts. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
NOG Financial Performance
Revenues and expenses
NOG Earnings Performance
Company profitability
Upcoming events
NOG News
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Funds containing NOG
AllUSDEURGBP
Fund name | Fund size | $NOG weighting |
|---|---|---|
iShares Oil & Gas Exploration & Production$IOGP | $438M | 0.33% |
iShares Oil & Gas Exploration & Production£SPOG | $438M | 0.33% |
iShares Oil & Gas Exploration & Production€IOGP | $438M | 0.33% |
iShares S&P Small Cap 600£ISP6 | $3.2B | 0.14% |
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.14% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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