(NOG) Northern Oil & Gas - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US6655313079
Stock: Crude Oil, Natural Gas
Total Rating 27
Risk 75
Buy Signal -0.40
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.87% |
| Yield on Cost 5y | 18.93% |
| Yield CAGR 5y | 70.10% |
| Payout Consistency | 100.0% |
| Payout Ratio | 53.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 40.9% |
| Relative Tail Risk | 1.30% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.29 |
| Alpha | -47.41 |
| Character TTM | |
|---|---|
| Beta | 1.657 |
| Beta Downside | 2.174 |
| Drawdowns 3y | |
|---|---|
| Max DD | 51.36% |
| CAGR/Max DD | -0.08 |
Description: NOG Northern Oil & Gas January 10, 2026
Northern Oil & Gas Inc. (NYSE: NOG) is an independent U.S. energy firm that acquires, explores, develops, and produces crude oil and natural-gas assets across the lower 48 states. Founded in 2006, the company is headquartered in Minnetonka, Minnesota, and trades as a common-stock under the GICS sub-industry “Oil & Gas Exploration & Production.”
Key recent metrics: (1) Proven reserves of roughly 150 million barrels of oil equivalent (MMboe) as of Q3 2024, (2) cash-flow conversion around 70 % of net income, and (3) net-debt-to-EBITDA of ≈ 2.2×, indicating a relatively low leverage profile for an E&P player. The firm’s earnings are especially sensitive to U.S. Henry Hub natural-gas prices and WTI-to-natural-gas spread dynamics, both of which are driven by macro-level demand shifts, inventory levels, and Federal Reserve monetary policy.
If you want a data-rich, side-by-side comparison of NOG’s valuation and operational performance, a quick browse of ValueRay’s analyst toolkit could be a useful next step.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 181.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -4.77 > 1.0 |
| NWC/Revenue: 2.15% < 20% (prev 4.56%; Δ -2.42% < -1%) |
| CFO/TA 0.27 > 3% & CFO 1.48b > Net Income 181.2m |
| Net Debt (2.31b) to EBITDA (1.23b): 1.88 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (97.1m) vs 12m ago -3.58% < -2% |
| Gross Margin: 34.86% > 18% (prev 0.42%; Δ 3444 % > 0.5%) |
| Asset Turnover: 41.58% > 50% (prev 42.74%; Δ -1.16% > 0%) |
| Interest Coverage Ratio: 2.34 > 6 (EBITDA TTM 1.23b / Interest Expense TTM 176.5m) |
Altman Z'' 1.09
| A: 0.01 (Total Current Assets 542.5m - Total Current Liabilities 495.3m) / Total Assets 5.49b |
| B: 0.10 (Retained Earnings 552.0m / Total Assets 5.49b) |
| C: 0.08 (EBIT TTM 413.1m / Avg Total Assets 5.27b) |
| D: 0.17 (Book Value of Equity 552.5m / Total Liabilities 3.25b) |
| Altman-Z'' Score: 1.09 = BB |
Beneish M -3.58
| DSRI: 0.98 (Receivables 350.6m/353.5m, Revenue 2.19b/2.16b) |
| GMI: 1.19 (GM 34.86% / 41.54%) |
| AQI: 0.20 (AQ_t 0.00 / AQ_t-1 0.01) |
| SGI: 1.02 (Revenue 2.19b / 2.16b) |
| TATA: -0.24 (NI 181.2m - CFO 1.48b) / TA 5.49b) |
| Beneish M-Score: -3.58 (Cap -4..+1) = AAA |
What is the price of NOG shares?
As of February 07, 2026, the stock is trading at USD 25.64 with a total of 2,063,422 shares traded.
Over the past week, the price has changed by +2.56%, over one month by +21.92%, over three months by +27.82% and over the past year by -22.99%.
Over the past week, the price has changed by +2.56%, over one month by +21.92%, over three months by +27.82% and over the past year by -22.99%.
Is NOG a buy, sell or hold?
Northern Oil & Gas has received a consensus analysts rating of 3.90.
Therefore, it is recommended to buy NOG.
- StrongBuy: 4
- Buy: 1
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the NOG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 29.9 | 16.6% |
| Analysts Target Price | 29.9 | 16.6% |
| ValueRay Target Price | 27.5 | 7.2% |
NOG Fundamental Data Overview February 03, 2026
P/E Trailing = 13.6612
P/E Forward = 11.1359
P/S = 1.19
P/B = 1.0794
P/EG = 0.5583
Revenue TTM = 2.19b USD
EBIT TTM = 413.1m USD
EBITDA TTM = 1.23b USD
Long Term Debt = 2.35b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.35b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.31b USD (from netDebt column, last quarter)
Enterprise Value = 4.75b USD (2.44b + Debt 2.35b - CCE 31.6m)
Interest Coverage Ratio = 2.34 (Ebit TTM 413.1m / Interest Expense TTM 176.5m)
EV/FCF = -28.52x (Enterprise Value 4.75b / FCF TTM -166.7m)
FCF Yield = -3.51% (FCF TTM -166.7m / Enterprise Value 4.75b)
FCF Margin = -7.60% (FCF TTM -166.7m / Revenue TTM 2.19b)
Net Margin = 8.26% (Net Income TTM 181.2m / Revenue TTM 2.19b)
Gross Margin = 34.86% ((Revenue TTM 2.19b - Cost of Revenue TTM 1.43b) / Revenue TTM)
Gross Margin QoQ = 28.71% (prev 37.23%)
Tobins Q-Ratio = 0.87 (Enterprise Value 4.75b / Total Assets 5.49b)
Interest Expense / Debt = 1.83% (Interest Expense 43.0m / Debt 2.35b)
Taxrate = 23.58% (160.5m / 680.8m)
NOPAT = 315.7m (EBIT 413.1m * (1 - 23.58%))
Current Ratio = 1.10 (Total Current Assets 542.5m / Total Current Liabilities 495.3m)
Debt / Equity = 1.05 (Debt 2.35b / totalStockholderEquity, last quarter 2.24b)
Debt / EBITDA = 1.88 (Net Debt 2.31b / EBITDA 1.23b)
Debt / FCF = -13.88 (negative FCF - burning cash) (Net Debt 2.31b / FCF TTM -166.7m)
Total Stockholder Equity = 2.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.44% (Net Income 181.2m / Total Assets 5.49b)
RoE = 7.73% (Net Income TTM 181.2m / Total Stockholder Equity 2.34b)
RoCE = 8.81% (EBIT 413.1m / Capital Employed (Equity 2.34b + L.T.Debt 2.35b))
RoIC = 6.73% (NOPAT 315.7m / Invested Capital 4.69b)
WACC = 6.81% (E(2.44b)/V(4.79b) * Re(12.02%) + D(2.35b)/V(4.79b) * Rd(1.83%) * (1-Tc(0.24)))
Discount Rate = 12.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.36%
Fair Price DCF = unknown (Cash Flow -166.7m)
EPS Correlation: -71.27 | EPS CAGR: -48.38% | SUE: -4.0 | # QB: 0
Revenue Correlation: 59.67 | Revenue CAGR: 10.66% | SUE: -1.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.74 | Chg30d=-0.056 | Revisions Net=-3 | Analysts=8
EPS next Year (2026-12-31): EPS=2.63 | Chg30d=-0.333 | Revisions Net=-1 | Growth EPS=-40.1% | Growth Revenue=-10.8%
P/E Forward = 11.1359
P/S = 1.19
P/B = 1.0794
P/EG = 0.5583
Revenue TTM = 2.19b USD
EBIT TTM = 413.1m USD
EBITDA TTM = 1.23b USD
Long Term Debt = 2.35b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 2.35b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.31b USD (from netDebt column, last quarter)
Enterprise Value = 4.75b USD (2.44b + Debt 2.35b - CCE 31.6m)
Interest Coverage Ratio = 2.34 (Ebit TTM 413.1m / Interest Expense TTM 176.5m)
EV/FCF = -28.52x (Enterprise Value 4.75b / FCF TTM -166.7m)
FCF Yield = -3.51% (FCF TTM -166.7m / Enterprise Value 4.75b)
FCF Margin = -7.60% (FCF TTM -166.7m / Revenue TTM 2.19b)
Net Margin = 8.26% (Net Income TTM 181.2m / Revenue TTM 2.19b)
Gross Margin = 34.86% ((Revenue TTM 2.19b - Cost of Revenue TTM 1.43b) / Revenue TTM)
Gross Margin QoQ = 28.71% (prev 37.23%)
Tobins Q-Ratio = 0.87 (Enterprise Value 4.75b / Total Assets 5.49b)
Interest Expense / Debt = 1.83% (Interest Expense 43.0m / Debt 2.35b)
Taxrate = 23.58% (160.5m / 680.8m)
NOPAT = 315.7m (EBIT 413.1m * (1 - 23.58%))
Current Ratio = 1.10 (Total Current Assets 542.5m / Total Current Liabilities 495.3m)
Debt / Equity = 1.05 (Debt 2.35b / totalStockholderEquity, last quarter 2.24b)
Debt / EBITDA = 1.88 (Net Debt 2.31b / EBITDA 1.23b)
Debt / FCF = -13.88 (negative FCF - burning cash) (Net Debt 2.31b / FCF TTM -166.7m)
Total Stockholder Equity = 2.34b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.44% (Net Income 181.2m / Total Assets 5.49b)
RoE = 7.73% (Net Income TTM 181.2m / Total Stockholder Equity 2.34b)
RoCE = 8.81% (EBIT 413.1m / Capital Employed (Equity 2.34b + L.T.Debt 2.35b))
RoIC = 6.73% (NOPAT 315.7m / Invested Capital 4.69b)
WACC = 6.81% (E(2.44b)/V(4.79b) * Re(12.02%) + D(2.35b)/V(4.79b) * Rd(1.83%) * (1-Tc(0.24)))
Discount Rate = 12.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.36%
Fair Price DCF = unknown (Cash Flow -166.7m)
EPS Correlation: -71.27 | EPS CAGR: -48.38% | SUE: -4.0 | # QB: 0
Revenue Correlation: 59.67 | Revenue CAGR: 10.66% | SUE: -1.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.74 | Chg30d=-0.056 | Revisions Net=-3 | Analysts=8
EPS next Year (2026-12-31): EPS=2.63 | Chg30d=-0.333 | Revisions Net=-1 | Growth EPS=-40.1% | Growth Revenue=-10.8%